I think the decade long bear market in uranium is what has been prohibitive of any sort of transactions and mine development. All of these uranium developers can talk and make all the plans in the world, but realistically they cannot do a lot (2014-2020) when they have little to no capital raising capability and the uranium price to get anything into production needed to double to justify any of the mines being developed.
There has been a lot of talk with Marenica and other companies regarding U-pgrade throughout the bear market, highlighting the interest there was, but none of these companies were going to sign up for anything, or do anything until the spot price can justify them pulling a single lb of uranium out of the ground.
Ann: Airborne EM Identifies Extensive Palaeochannels, page-17
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