harlee, page-7

Yes I did. Longer term there is no doubt for U price.

Short term, I think what's been happening is that Utilities have been digging into reserves (they keep reserves to assure continuity of supply so they don't interrupt electical supply to customers).

I think when the U price point started hitting $138 some of them started to use reserves but where does that lead? Now the price of U has dropped, they not only need to buy operational requirements they also need to replenish reserves for risk management.

That means there will be a buying surge and the price shoots up again.

The fact is that world production is lower than world consumption and the Russians are no longer decommissioning nukes. The price can only go up but with temporary glitches when they tuck into reserves.

Very long term, sure you will have more working mines but you will also have more plants and I am told they can only get funding to build plants if they have locked in supply contracts.