RE:RE:I love panics. It may take an announcement of the first truckloads leaving Alta Vista, and perhaps a statement or confirmation of 2024/2025 production guidance, for this to move.
Fortunately, that announcement is not far off. Further, Alta Vista production just continues to ramp up smoothly, over next 18 months, to 1.5-2.0 million pounds/year (70% to EU, remainder to Boss).
I have no idea why the price is still under downward pressure. Could it be forced selling due to investors leaving the index funds? Unless Alta Vista's start-up stumbles, it seems inevitable for EU to be at 2.4 million pounds/year by the end of 2026, between Alta Vista and Rosita. All EU is doing is re-starting past production, using many of the same engineers and staff. This is low-risk.