I watched the Triangle interview with Mike Alkin. A couple of...

I watched the Triangle interview with Mike Alkin.

A couple of interesting tidbits.

1.Ppl wanting to invest in the AI space, can do so by investing in Uranium because of the amount of energy that will be needed to run all the processors.

2. The contracting price / spot price.

Contracts signed 3 years at least ahead.
He spoke about the price in a rising market. Sellers want market price if its rising. Buyers agree to a higher price but with a ceiling.
Sellers then want a floor price.
Each then have protection from extremes.

3. Fuel buyers dont give a Rat’s about miners, suppliers etc. So are indifferent to them voicing warnings that the time is coming when the cupboard will be bare because, building new mines takes time and not enough will be in production soon enough.

Mines wont get built until the financial incentive is there, buyers wont pay more because theres always some U available

So when the day comes when fuel buyers put out a request for Uranium and no-one has any or enough, then they ring up China, Japan to borrow and they answer NO CAN DO.

Then that happens. THERE SHE BLOWS. Parabolic moves.

Fuel buyers have had years of someone always has pounds to sell or lend.
And someone always does. Until they dont.

its an informative interview.