(4) It is a weird thing really and they believe this will change, especially as the supply deficit widens. Tim Gitzel thinks a focus on supply security for the US is a great opportunity for Cameco. 

(5) At the right price Cameco has approval to get something like 2,3 or 4 million pounds a year up and running in their US assets relatively fast, this can go up to around 6 million at several sites. They can become the biggest uranium producer in the US at the right price

(6) What is needed to restart McArthur river is not on the table yet. They have taken about 87 million pounds in the ground and bought their pounds from the spot market instead. They DO NOT want to bring the mine back because they think it will tank the market

(7) and they will have to shut it down again, which would not be fair for the employees there. Cameco will only produce when the pounds have ‘a home’, those pounds will not go to spot. It would take a year or a year and a half to get back up but not in the cards right now

(8) The Kazakhs are in depletion and so are several of Cameco’s most important assets. There will be urgency in the market soon, because a lot of new demand is coming online. This urgency will be at a peak around 2024/2025, but seeing as uranium takes up to 2 years

(9) to get from the ground into the reactor, we will probably see significant movement into 2021 and 2022. Sure, a lot of sources are ready to go at the right price, but a lot more is needed and it won’t be here at these prices because no one is going to invest. Good days ahead

(10) Lastly as for the court case, it has been dragging on for some time now, but there is perhaps light at the end of the tunnel for Cameco, although there is a chance that it goes to the supreme court and that might drag thish out for another 18 months

At your service