picking tops or bottoms is hard the market overshoots both ways
If you count the consolidation x 8 the price .24c as a low point and today $4.77 many bags
and still not in production ..
uranium miners with mines in Australia and say the fastest to produce uranium and say this year ?
Paladin BoE Lotus and Pen = about 10mlb as a strong number
plus whatever Olympic dam and Beverly produce = x mlb
the rest are years away even if they started mine construction yesterday
the global supply shortage according to the WNA is 40-50 mlb each year in short
and growing as new reactors come on line as well as the physical investment growing
the U.S. alone needs about 50mlb yearly
and there home grown deposits are small not enough for there needs they will need to import
and if you take out the east supply they will struggle
that why there has been a lot of back pedalling on the Russian ban
anyway I see uranium in short for many years
and Australia to lift uranium bans
imo
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picking tops or bottoms is hard the market overshoots both ways...
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