Since May of this year, 3,600 t UF6 travelled by rail to Yekaterinburg where the depleted uranium will be re-enriched to reactor grade. This is the first such shipment of depleted U from Gronau for re-enrichment since 2009. An additional 8,400 t has been scheduled for transport through 2022. The 12,000 t depleted U (average assay = 0.30% U-235), once returned to Urenco, translates to just under 2,000 MT natural uranium (4.4 Mlbs), or a little over 2% of annual demand.
As you will see below, Conditional Odds for price points R3-7 are considerably different than those for Straight Odds: When placing bets, our odds engine looks for an advantage utilizing intersections between Straight and Conditional Odds. In the case of $EGY, 2.54 is the price point that represents a value bet with goodish odds.