Ann: Investor Presentation, page-20

The solution to low prices, is low prices
The solution to high prices, is high prices

The longer and deeper the price of yellow cake goes, the stronger the turn around

Cameco put into maintenance it's most profitable mines. Explorers have been starved of funds. If the total cost of operating the uranium mining industry is less than the value of the inputs, either 2 things happen. 1. The industry shuts down forever. 2. Prices rise

I think after 7 years of decline, you can only see 1~3 more years of pain before serious supply and demand inbalances move the dial

And personally uranium has done it tougher than copper, and copper really has some strong tailwinds with electrification of vehicles