The macro thesis for the uranium sector (and Alligator) is...

The macro thesis for the uranium sector (and Alligator) is wonderful. It's a matter of when, not if.

There will always be those trying to time their run, while others have the peace of mind to be locked and loaded. The assymetrical play here is compelling. I have little doubt it will change lives.

Interestingly, Brandon Munro recently mentioned that last year approx. 90 mil pounds was sold in the spot market. In January there was just 2 mil. In the first week of March there was 600,000 pounds sold. It's little more than a trickle. And because it's such an illiquid market the spot price hasn't been moving.

Utilities purchase roughly every two years. Whether they do it this month, or next, matters little to them. Until, of course, the sentiment changes. Until there's that one catalyst that gets the utilities tripping over themselves trying to secure supply.

Remember, uranium equities can do nothing for a decade, and then do a decade in a week.