Lotus vs boss for uranium (LOT v BOE), page-15

Thanks for the comments, I first started investigating the Nuclear Industry approx 10 years ago, by investing in Silex. An incredible Australian Company that is the only company in the world to develop laser enrichment of nuclear fuel. they can also reprocess used nuclear fuel, it has a contract with DOE for the process of Depleted Hexafluoride in Paducah Kentucky, 5,000,000 PA, under it's company GLE. I have been fortunate to follow a group of people on Hot Copper that discuss the intricacies of the science and benefits of the technologies, the pros and cons and it's application to the industry. The technology is so advanced and sensitive that it has been classified by the Australian and US Governments, which restricts it's opportunities to only the US market, but that market is very large. The efficiency is far beyond it's nearest competitor centrifuges, but the development has been hampered by numerous issues including uranium price caused by Fukushima. All that maybe about to change soon, and the end of this year may yield a major step in the commercialisation process, with the approval by the US Govt on the restructure of the company GLE, of which Cameco is a 49% partner and Silex is 51%, but the risks to commercialisation are still there and time will tell if it will succeed. This research also unveiled to me the potential market for the new wave of reactors that are coming, SMRs. I believe these small modular reactors at some time in the future will be rolled out in their hundreds. Nuscale recently received it's final approval for safety from NRC on it's design of SMR, a 12,000 page document that took over 5 years to prepare.
That has lead me to the uranium market. So I started researching uranium supply and demand conditions, current producers and current developers. The Macro theme is is certainly exciting. The standout fact to me is, no new mines have started in a very long time since the last boom yet despite what the media and the greenies are saying the demand for uranium and reactors increases every year. So supply is going down and demand is going up and any high school economics student will tell you that means an increase in prices, which I believe is not far away. So for me it is a good investment opportunity, so who do i invest in.
Two themes that has come through to me is the need to be agile and diverse, the ability to be able to produce quickly when the market turns, for which I believe BOE and PEN are good candidates. Both mines have produced uranium previously, both are ISR and both are managed by experienced staff in the uranium industry. BOE is a low cost producer and PEN isn't far behind, both could be producing in the short term.
I also thought about the spread the risk of jurisdiction, because one never knows what political, environmental or economic factors that could come into play so i chose Namibia, Australia and USA. In Namibia I chose BMN because they are also ready to go with having conducted tests and is not far off producing. They also have a very large resource in a jurisdiction that supports mining. Brandon Munro is an excellent CEO, he has a sizable interest in the company and is a corporate lawyer in mergers and acquisitions, which could come in handy in the future. China are on a massive nuclear build intending to get to levels of nuclear power equal or more than the USA, they don't have a lot of domestic uranium mines and therefore have to get it from overseas. Africa is one of the quarries of interest as it is probably their most apolitical continents it can invest in, hence it's ownership of Hussab etc. It could be possible that they will make a move on BMN and try to partner with them or take them over, (that is my uninformed opinion), if not then BMN still have a substantial resource to supply into an ever growing market.
My fourth choice was Vimy, an open cut mine at Mulga Rock, pretty simple and reasonable grade in a safe jurisdiction, with more potential in Jaberoo NT. They are further away from production than BOE but they are ready and should be in the second wave.
So that's it, I feel comfortable in my investments but still feel annoyance when the prices go down, if investing was easy we'd all be millionaires. We all need to keep our eye on the ball, "The Fundamentals" supply and demand, and continuously scrutinise the companies we have invested in, has anything changed?

These are my thoughts and opinions and not investment advice, you should do your own research.