Will This Uranium Breakout Be Sustained? (Daniel Major Interview)

Daniel Major is the CEO of GoviEx Uranium and addresses the recent surge of the uranium spot price and uranium equities in this interview. Some uranium equities have doubled in the past month and the spot price has risen to over $31/lb whereas it was only about $24/lb a month ago.  Is the uranium bull market sustained upcycle commencing? Or will this be another head fake like that which has disappointed uranium speculators in the past few years?

Daniel Major is a mining engineer from the Camborne School of Mines in the UK. His career spans over 30 years in the mining industry where he has established a solid track record initially with Rio Tinto at the Rossing Uranium Mine in Namibia and later as a mining analyst with HSBC Plc followed by JP Morgan Chase & Co. in London. More recently Mr. Major was Chief Executive and later Non-Executive Chairman of Basic Element Mining and Resource Division in Russia, and held leadership positions in several Canadian listed mining companies with exploration and producing assets in Canada, Russia and South America. Daniel joined GoviEx in 2012 as a director and as CEO, and has been responsible for the transition of the company from explorer to developer.

0:15 Sustained uranium breakout or just another fake-out?

5:12 Cameco and Kazatomprom calling the utilities bluff?

7:17 Is this just a uranium short squeeze?

10:15 Uranium 2020 demand and existing above-ground supplies?

13:50 Average annual cost of production for uranium producers?

14:40 What uranium price is needed to fund development projects?

15:48 Differences between 2007 uranium upcycle and now?

20:10 GoviEx Uranium update