Uranium Spiking Very Hard!, page-175

There's has been a big chunk of supply taken out of the uranium supply market in 2020, so it really just depends on your time frame and how tight the supply market is a really getting now.

Logic may have it that both Kaz & Cameco don't want it back into the low 20’s in spot, just chewing up value uranium resources for little reward, but to support your argument, they may not want it too high either. Either way, they seem to want to make a concerted effort to bring the U price back up to a more intrinsic price point that warrants both their operational risks and effort, so I guess we will see.

Also, LH has constantly produced salable uranium in the past and at a profit, so I have no idea why you'd think there would be start-up management risks for LH given it's a proven tier one facility with existing permits and approvals? Obviously management have employees, management and consultants with probably 3 degrees who help make it happen.

DYOR