Ann: New York Investor Presentation, page-49

spot on

whilst I am a uranium bull, the fact remains NO ONE knows when the uranium bull market will kick in

there are some reports the Japanese had 100years reserves of uranium when they started selling their uranium following the Fukushima disaster

so no one knows how many years reserve supply of uranium that the utilities may have built up whilst uranium was in plenty supply - and like you say it could be 30 years

Paladin is straddled with debt and no income source to service it - so it’s a ticking time bomb

imo there are plenty of safer ways to play the uranium bull market - like exploration companies without any debt

imo Paladin will go broke and the probability of that occurring the longer it takes for the uranium bull market to materialise

can Paladin hang on for another 5 years with current debt levels - I doubt it