Borshoff seeks 'advantage through adversity'

INDEFATIGABLE uranium bull John Borshoff continues to see all the ingredients on the horizon for a huge run in the price of yellowcake, but he hopes the price stays down for a few years yet to assist him in positioning Deep Yellow perfectly for the upturn.

Borshoff seeks 'advantage through adversity' Borshoff seeks 'advantage through adversity' Borshoff seeks 'advantage through adversity' Borshoff seeks 'advantage through adversity' Borshoff seeks 'advantage through adversity'

Speaking at the Africa Down Under conference this week, Borshoff said he wanted to “exploit adversity for advantage”, with Deep Yellow wanting to both build resources in Namibia – a maiden resource for the Tumas 3 discovery is due this month – and seek other assets globally.

Borshoff sees a gap between supply and demand beginning to emerge around 2020 and reaching between 80 and 120 million pounds by 2030.

And once the shortage becomes apparent, he sees the potential for prices to move well beyond the so-called “incentive” pricing levels of US$65-75 per pound.

If the ex-Paladin supremo is right, current Deep Yellow shareholders stand to be extremely well rewarded.

Paladin...