How did you lose all your other fingers? ;-) Thanks for your...

How did you lose all your other fingers? ;-) Thanks for your reply too toph.

Even though I hold PEN shares, I think their description of the current environment is exaggerated and out of date. The article in the AFR I referenced makes an Olympic Dam upgrade sound quite likely even though it'll take 10 years to get there. If Cigar Lake also commences production in the next 10 years that would also massively increase supply. Ten years will also be enough time for DYL (and others) to possibly prove a massive resource right next door to Rossing South and move into production.

I agree with many of the things you write, but I think the World Nuclear Organisation has a much more unbiased and informed view than PEN or EXT or the majority of the media do. Go to the bottom of this page and read The Sustainability of Mineral Resources section near the bottom if you want to understand where I'm coming from. In summary, if you look at any metal where there's high and increasing demand (ie copper), over time (decades) prices actually fall rather than increase. See article. Forecasts of supply shortages nearly always turn out to be short-sighted.

Z