EL8 CHART, page-526

I've been watching a lot of the Uranium experts spout their stuff on Youtube lately and if they're to be believed there is barely enough uranium produced to cover existing reactors let alone the medium and high growth scenario's. The world has pretty much run down inventory since 2011. So Explorers should do well in the coming months/years as many of their resources are going to HAVE to be developed to reach some of the higher demand possible scenario's. For example the recent promise from many existing Nuclear power countries to increase capacity by three times. That is definitely at a minimum the mid range output scenario. Small modular reactors on top of that would just be gravy.

Of course the above is the long term macro view and their will be volatility in the short to medium term but if you can be patient the rewards are pretty obvious.