uranium spot crashes to 31.50, page-30

Hey guys,

Don't let it get to you HS, markets are ridiculous at the moment, even if the U spot price drops to let say ($20), its going to bounce back up as companies start buying at those prices until it stabilises again.

At the end of the day current operating mines will just reduce their mining of U, lay of staff until the supply reduces and the price goes up again. That's what they do with oil, iron ore etc. They are not going to sit there and make losses.

Pen is in a great spot as it has a very low capex and opex plus they are just going to start construction and there is still a bit of time for the price to recover by the time they start pulling it out of the ground.

Yes short term there may be a decrease, but we are already at rock bottom prices with more of the boxes being ticked reducing risk and attracting long term investors. All IMO