In my view, sovereign risk is only something you take on if it...

In my view, sovereign risk is only something you take on if it means accessing the best of the best, that can't be accessed in safer jurisdictions (e.g. cobalt in the DRC). Or maybe if there's a crazy asymmetry that the market has so clearly got wrong. Most of the world class U deposits are in good locations, like Namibia, Canada, Australia, so that's where I'll be investing.