imo miners are looking for uranium prices approaching $100...

imo miners are looking for uranium prices approaching $100 before considering bringing mines online given inflation, supply chain issues and increased cost of financing with higher interest rates and tighter lending standards by the banks. as per smarter people than me, the spot market is very thin, financial players have entered and buying up pounds in the spot market, US utilities have lagged European utilities in putting out rfc and securing long term contracts and now more seriously looking to do that given how much less uranium is available for purchase from carry traders on the spot market along with having to compete for pounds with financial players which is something they didn't have to do in the past, and potentially more financial players looking to enter the market.
all indications are uranium prices are just going higher as supply deficits get bigger with new reactors coming online and others being planned or built, and old reactors being granted life extensions as well as previously shutdown reactors being recommissioned, and then their is also the promise of smr and mmr which will add to the need for more pounds in a few years time. as most know uranium stocks can be extremely volatile and for those that remember the cigar lake floods that caused a spike in uranium spot price, it doesn't take much to flip the market on its head.

imo. dyor.