Uranium, like buying oil at $20 a barrel, page-93

Uranium resource discoveries take a long tlme to become a mine , you need DFS and BFS , then need to get permitting ( a very long process ) , then you need build the mine and start supplying . The secret is to buy those who will be able to take advantage of the massive unmet LT contracting that will be opening up over the next 3 years. This is why I have gone down the path nearish term producers in safe jurisdictions, BKY in Spain and BOE in Australia . Both on paper 1st quartile producers - one backed and funded by OMan wealth fund and the other having 170m of infrastructure already in place so much lower capex and dilution likely. When U takes off it will rise all boats, but those that can produce quickly and lock in contracts are likely to rerate the most IMO