Why do people keep quoting US $650 million for value of LH? This...

Why do people keep quoting US $650 million for value of LH? This was based on a spot price back in 2015 when uranium was 50% higher.

If you want to ride the 'perceived' uranium bull then get on Cameco. A company that will survive and dominates the uranium mining market.

I have read so many comments that "all we need is uranium to push $10-15 higher and we will be ok". The reason the uranium price is where it is, is because of oversupply. Look at iron ore. You could post on the Atlas thread and say "all we need is to wait for $150 per tonne iron price and we will be ok". That is ludicrous.

There needs to be a better understanding of market metrics. If the spot price moves up another 50% from here then you will also have an additional x amount of mines globally coming back into production that are sitting mothballed from the last uranium bull run.

The commodities boom was simply a short term imbalance of supply versus demand for every single metal. It was very quickly shown that at a given price point there is not a shortage of ANY single commodity on this planet. All the commodities boom was, was simply a short term period where metals could not get to market quickly due to lack of infrastructure for supply.

You have now had almost two decades of companies setting up infrastructure supply routes and bringing mines online with many around the globe that now sit idle waiting for improved prices to push supply back onto market.

The focus people should be making is on identifying a well run business that have tier 1 assets, that can make good profits in the belief that prices have simply returned to long term averages. If you find a solid company that makes money at these prices (in any commodity) then they are worth looking at. The boom times are simply short term gravy.