Chillicapital, the stock might retrace, but Cigar Lake being suspended again might only speed up the current rerate:
https://www.cameco.com/media/news/cameco-temporarily-suspending-production-at-cigar-lake-mineThe market hasn't yet realised that Namibia and Niger are experiencing a second wave far more acute than the first one.
Australia (minus Ranger), Kazakhstan and Uzbekistan might be left to hold the burden of producing UOC.
Interesting days ahead for listed U developers like VMY and BOE.