In light of today’s 13% drubbing, due to the events in Japan, CCJ is updating investors via conference call.
As you could imagine, they feel today’s sell off is unwarranted and expect their guidance will land in within range. They are downplaying the events in Japan as not material to their business, stating that only 11 of Japan’s 54 reactors have been affected, totaling 3-4 million tons of uranium per year. Moreover, the company noted “political rhetoric” as possible distractions to the core thesis of the uranium story, which is massive demand deriving from China and India for years to come.
They reiterated their plans to double uranium output by 2018.
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Potassium Iodide is selling out here on the West Coast as people are preparing in case there is containment failure in 1,2 or even 3 of the Fuku reactors. We could be looking at a worst case scenario in Japan that is worse than Chernobyl. http://slatest.slate.com/id/2288221/
With the prevailing winds blowing across the Pacific to the West Coast means the entire West Coast could be nuke dusted.
Already, 100 miles off the coast of Japan, the US Navy is already moving its ships as a “precautionary measure” since they have already detected elevated radiation.
This top US supplier of radiation survival related gear is already SOLD OUT and NOT ACCEPTING NEW ORDERS
http://www.ki4u.com/products1.php
We are not worried up here in the Pac NW, so far as I’ve heard. Chernobel was worse. The affected area was not thousands of miles.
Another vendor sold out of Potassium Iodide.
https://www.thyrosafe.com/order.asp
“Due to the overwhelming need for Potassium Iodide, we are temporally shutting down, please check back in 48 hours.”