U won't collapse further cause that would strip the chinese of their cheap supply of U for the next 1 or 2 years.
If it collapses further now there's actually a fair upside in that it will finally push out some of the smaller producers with lower stockpile and critically damage exploration funding fast. Big drop in supply will speed the turnaround and we might finally break this trend of drip feeding stockpiles to the chinese at the lowest viable spot for processing.
Would mean we'd probably have to CR or let some of the bonds convert but it is what it is. In any case I don't think price will collapse.
Fukushima Round 2, page-6
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