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It’s not a secret that Australia, Brazil and Argentina in order to building their cattle business over dispersed in the remaining several years. Brazil is second overall production while Argentina and Australia lag behind Chinese and Western european production. Meanwhile, our own production has fallen behind China and places us fourth out there. The kicker is brand new number one on export list – India.
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Cigar Lake has postponed that production for of up to seven yrs. This is tremendously important because it holds Cameco’s earnings down and keeps supply scarce. Cameco is tied to contracts- regarding your much as half of the company’s production – signed years ago at prices far beneath the market. To do this reason – low current spot and contract prices – the uranium producers are on the watch list rather than in the AMP Portfolio.
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