BOE SP Target $3.00, page-10

Yes, although in 2-3years I think $16 will be on the lower end.

I think most people think there is a temporary supply disruption/deficit. But what people don't understand is there is a "structural deficit". There simply will not be capacity to supply utilities and plants with uranium. Because this sector has been so starved of capital, it will take time to bring supply on.

Now, go back and read the bolded sentences again. It is a "when" game, not "if". Sprott ETF adds another layer to this deficit.

In 5 years from now I expect the deficit will be to the order of 100m oz. What do you think the U price will be when utilities companies across the globe don't have access to the fuel that keeps the lights on?

Having said all that, with this early spotlight on uranium + Sprott, and this early squeeze of the u market, I expect we will experience a lot more volatility - big swings up and down.

Do you have the stomach for it?