Bannerman Resources, the Australian company driving one of four new uranium projects in Namibia, recently said at a mining conference, the price for uranium U308 needs to be between US$75 and US$90 per pound (0.454kg) to drive any new investment in greenfields uranium mines.
Hidden in this seemingly neutral observation and analysis, are many serious consequences for the further development of the uranium sector in Namibia. Following a simple line of deductive logic, the syllogistic conclusion shows that the development of new uranium mines will only be considered once the price exceeds US$75 per pound.
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