Ann: LHM Potential Care & Maintenance Decision, page-12

Haven't checked the U sector for quite a while. Surprised to PDN and ERA still traded in good price. Do you guys still believe there is chance for Uranium to climb back up in short to mid term (< years)? I personally feel the current fossil fuel price is artificially high (as Trump said :)), given there is ongoing innovation of electricified of energy trending, as well as available of other energy sources. Crude might turn around down again soon as US production is booming, particularly they have been through the ugly time and have improved their costs, hence they can compete in an even lower price market in coming round. The whole world's known crude reserves can support hundreds of years for current consumption level, so it's not a wise move for many countries to hold down their production rate. In such context Uranium does not seem to have a resurrecting chance in foreseeable time.