I picked up a few more pieces here and a few others as the opportunity presented with a sector tree shake this month
supply is short period most global mines are still mothballed
biggest supplier kaz has to buy elsewhere to fill contracts he couldn’t spot going much higher
if you want a close comparison where the globe 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 ( uranium )
uranium price well over $40lb for long sustained period
well over $200 if adjusted for inflation
food for thought
imo
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