Personally, I'm not sure what spot markets and paper futures...

Personally, I'm not sure what spot markets and paper futures really have to do with the pricing of U.

I would prefer to look at what deals are getting done in real life, between U producers and utilities. For example, PDN signing a longer term deal this week, with a US utility for around $60-65/lb.

Afterall, if U demand was strong and supply was in deficit, the very vast majority of production would be snapped up by long-term contracts and the spot market would be so thin as to be essentially useless and meaningless.

I just sit and wait for N plants to be built and Russian warhead disposal contracts to run out.

Choice