RE:RE:RE:RE:Listen @ 17:10, 1.8 bil pounds in inventoryIf the speaker thinks that utilities are going to wait 5 years before coming to the market then they're out of their mind. If they wait until 2023 to meaningfully raise prices then uranium companies would only have a couple years to explore, find deposits, permit them, develop them, and then put them into production before many large mines around the world are completely depleted. Sorry to say, but this ain't gonna happen.
In my view, the next major catalyst is going to be Cameco. Once they come out and say that they're not bringing McArthur River back online in August then all investment firms and analysts are going to have to update their pricing models. It will also confirm that Cameco is unwilling to settle for low prices.
Other things to watch are KazAtomProm bringing its shares to market via IPO, the section 232 petition pending in the US, and potential sanctions from Russia.
Lots of irons in the fire here. Everyone's entitled to their own opinion, but I view this as a once in a lifetime opportunity. I'm all-in on the uranium play, owning a handful of U stocks, FCU being one of them.