Yes, I think you are correct re Cameco.
Uranium is not like oil that feeds into consumer products on a fast flowing basis. Utilities keep large stockpiles for obvious reasons.
Yes, I profited from the 2007 U2O3 surge too but have seen so many misled over recent years by pundits about the "imminent" supply/demand gap.
Ann: Low pH Field Demonstration Update, page-83
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