RE:RE:Malcolm! You missed one MOST important analytical point.Supernovas created all the heavy metals on Earth. Period. Uranium, Cobalt, Copper, Nickel do not exist without supernova stars that expand, then contract under gravity -densify and then explode splashing these heavy metals throughout space. These asteroids peppered earth throughout the ages and here we are.
Why is the Athabasca so unique ? Forget Nexgen - Fission - Cameco - and all the other Athabasca deposits - why so concentrated in this place on earth so close to the surface ? And yes less than 1 KM from surface is close to the surface. One monster chunk hit the earth more than a billion yeasrs ago in the Athabasca and contained a boatload of Uranium. Created the basin of the Athabasca. Look at the map it is a space hit.
But who really cares. LBS in the ground are key and the reactors continue to eat U every day.Less production more demand. Spot does not exist. Nobody will write a LT at less than $ 75/LB. Utilities are stupid or are they ? Drive the price down, invest and then double dip - who says not ?? JMHO....