Bull trend resumes, page-2

The Bull Trend

1. Significant changes in sentiment
2. Reversal of closures
3. Life Extensions of existing plants
4. New builds in progress
5. Approval and Plans for many more Nuclear power plants
6. Almost no possibility of new major supply to come on stream in less than 10 years "a lost decade of investment after the Fukushima disaster means the supply gap will grow in the short-term, according to the Sprott Physical Uranium Trust,"
7. Meeting contracted demand is proving difficult for leading suppliers such as Cameco, Canada’s largest, which said it may buy as much as 8 million lb. in the recently ended quarter to meet contracts.
8. USD$25lbs Feb 2020 to USD$91 is a mild 264% The best is yet to come

Uranium price hits new post-Fukushima high - MINING.COM