RE:there is a new report from RBC NOV15/2020 In the interim, RBC's expectations for the next five years or so won't exactly please the bulls either.
"We expect prices to increase gradually through mid-2020s into the $35-40/lb range, from circa-$30/lb currently, supported by the uranium cost curve," RBC said.
"As the market moves into deficit (in the late 2020s), we expect prices to increase more significantly and forecast a long-term uranium price at $50/lb, which we view as the necessary incentive price for new mine supply."
Finally the truth is coming out. Quakes, Fulp, Chang and Talbot will head to the hills and hide in their bunker. Shame on them.