Ann: Maiden Resources Grow Kal East to 1.2Moz, page-23

Uranium will continue to get squeezed until the buyers of the physical metal decide they want to sell it. Watch the flame out then. That wont happen for a while but you can set your clock to the outcome. The uranium Spot market is a BS market and super thin. The utilities are the users and they have stockpiles. The price hit $130 plus before and came back into the $20 range. It will happen again but not for some time. 90% of these uranium explorers will be dead in 18 months looking for the next hot sector. Probably gold. Lithium and graphite did this over the last few years and rare earths did as well. This time it will be different stuff. I agree that there is some good money to be made in the space short term. I like PDN on pull backs because the market is fat.