- The company closed Q3 2021 with a loss of $72 million and each $5/lb increase in uranium prices is expected to increase its Q4 loss by $3 million.
- Cameco is stuck in no man’s land as uranium prices don't seem high enough for the company to restart the idled McArthur River mine.
- Even if McArthur River is restarted immediately, investors are currently paying over $22/lb for reserves.
- If uranium prices reach $100/lb and stay there, Cameco’s average realized price will vary between $58/lb and $65/lb in the next four years.
For further details see:
Cameco Stock: High Uranium Prices Are Starting To Bite