No offence, but that's just the same story that has been written...

No offence, but that's just the same story that has been written every couple of months for years. It'd be more convincing if the conclusions were based on a bit of number crunching rather than a 'nice story'. The reactors being built are mostly, if not entirely, ones that have been counted and mentioned in articles hundreds of times going back 7-8 years.

Good to see the chart again though. It's quite clear to me that talk of a recovery in the spot price is pointless until there's a sustained breakout above $40 USD. In the next 3 months, I'd give it a 20% chance, with a 60% chance of falling below $35 USD first. I have a couple of toes in the Uranium sector, but a sick chart is a sick chart. Left field events aside, usually I'd expect to see a lot more flirtation with $40 if it was going to break through any time soon.

People who get excited before that happens, like Greg Peel did a month ago with his coincidence wrapped in a story article, will usually end up with egg on their faeces.