As you point out, Autosime, the current SP has built into it an expectation of a significantly higher uranium price.
If the U price does not improve then the current modest enthusiasm may wane. I'm just waiting around to see how the sentiment goes, but I would not be surprised to see the SP slide back if the U price does not move in the next few months.
There is great expectations for the long term, but I already have grey hair, and I'm not sure how long that will be!
motley value mine at $1,08 per share, page-16
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