Paladin boom!, page-110

If this happens, the AISC average across the sector will rise much higher than $60 to meet demand and new equilibrium could be $80-100 for a while, which would be incredible free cash flows for PDN to use for growth. Once Sprott's trust (SPUT) is released we will find out just how much physical uranium there really is available as they will need to constantly purchase a substantial amount to keep up with the increased available funds from investors buying into their trust.

With the volume of investment since December 2020 in uranium explorers/developers/producers it is no doubt that there is significant large balance sheet investors entering who will have the power, incentive and accessibility to push the U3O8 prices far higher through physical purchases. Kevin Bambrough stated that it would only take $1billion to push uranium spot prices to $140/lb. And how many billions went into just equities in the last 6 months?

Prices really could go to insane levels given the minimal impact to nuclear energy producers. PDN is going to have the power to produce, expand and acquire, while so many other companies will be 3-5 years behind as they set up their mines. PDN is a no brainer. $1 in a couple of months is my guess. NFA