PEN Short Squeeze, page-113

if you look at booms not only in uranium and how they perform

just recently lithium boom pretty much started about 2016 by 2018 was pretty hot and then started to drop off
2019 early 2020 most where saying what’s going on then bang started to rise rapidly with push and euranium duphoria
it exploded and now after collapse after reaching $6k ton its under $1k
it was based on the expectation demand growth that everyone in Africa Asia and India was going to drive electric
and imo the technology was going to advance on top has issues with catching fire etc

the uranium boom is totally different it’s based on supply shortage and a demand growth
due to over 10 years of no exploration no new discoveries price to low to incentivise any new production and a depletion of stockpile and secondary supply
the big boys as news out that kazatomprom and cameco have already sold 3 years out no more supply from them till possibly after that time
the oil from Kazatomprom is they will not be able to deliver on about 1mlb of there contract and may have to
spot market if available and payer higher if needed and anyway nothing is coming to the west China will take all of it

China is light years ahead of the competition and stockpiling all the uranium it can get
not only for his upcoming reactor explosion usage but his business plan to be a leader in the SMR builds and to supply uranium to the new owners who won’t have to worry

this uranium ticks all boxes
carbon zero
physical investment
supply shortage
safe jurisdiction security
east and west separation it goes on

imo