John,
It is mentioned in my post. Dig a little deeper yourself and maybe you will understand why? Irrespective of whether you agree with me or not, the spot price and term price has not shot up and continues to remain in the doldrums even though the m2m program is now finished. If demand is truly exceeding supply, don't you think utilities would be scrambling to buy up as much uranium as the can now to secure supplies and therefore cause a spike in the uranium price?
planets still aligned - awaiting japan, page-8
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