Yep thats a good point, although I hold a few U producers (which have all done well due to increasing U prices) costs of construction and operating costs in Namibia are diverging from Western Australia, the cost inflation for construction and skilled personnel in WA is "sticky" whereas inflationary pressures in other jurisdictions are receding a bit. Its still not easy or quick to switch on U supply at the moment.
Kazakstan issues and Cigar Lake are also enough to get me to increase my exposure, I got in early and am not usually a fan of chasing a hot sector that is already rising, but the commodity sentiment and supply situation in this case is difficult to ignore. Tight stop losses set.
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