Ann: Peninsula Strengthens Sales Contract Portfolio, page-20

how the world is right now and where spot should be look back to the 70s

history repeating

high inflation

war with Iraq and Iran ( Russia & Ukraine )

oil embargo with the Middle East ( critical mineral ban )

oil price per barrel in 1973 $2 in 1982 $30 the birth of opec in 1974 ( birth of uranium )
oil shortage and fuel rationing ( sorry no petrol )

uranium price well over $40lb for long sustained period

well over $200 if adjusted for inflation with a much bigger demand on the horizon

food for thought

imo