The market seems blind to high hopes. It wants production. Similar frustration with some oil stocks like CVN, INP and SAE. Producers may be effected by hedging which prevents benefit from an upward spike. ERA is still unwinding U3O8 contracts in the $30s while the spot price has been over $70. Also development costs have been increasing at faster rates. This is also effecting oilers, the window for profit may not be as straightforward as a high price. But it must help.
