To put that in perspective, $2.9M in uranium is nearly 50 tons of "yellowcake", aka U₃O₈. But! It takes ~780 lbs of uranium ore to produce one pound of yellowc

To put that in perspective, $2.9M in uranium is nearly 50 tons of "yellowcake", aka U₃O₈. But! It takes ~780 lbs of uranium ore to produce one pound of yellowcake (worth about $30). So $2.9M in uranium ore is about 39,000 tons. Is that a lot? Well, it's about 0.02% of Cameco's proven reserves, but a little much to casually walk out with. Sources: https://www.cameco.com/businesses/uranium-operations/canada/cigar-lake/reserves-resources https://www.cameco.com/businesses/uranium-operations/canada/... https://tradingeconomics.com/commodity/uranium https://tradingeconomics.com/commodity/uranium