Will be Topping up low 2s more in the 1s. Happy to keep U...

Will be Topping up low 2s more in the 1s. Happy to keep U underground . No producer can make money at todays spot.
The longer this goes on the more the eventual spot price will over shoot the mark till it settles.
Fuku has made this cycle longer, admittedly, the longer is goes the higher the rebound the higher the panic.
It will take a while to un shutter mines start up exploration etc into a demand driven market. TOE are in a great position I believe. Keeping the costs down and being conservative for the time being. I would be panicking if they were silly enough to build now.
A sustained spot of 65 a pound is needed to start the industry up. As we know things move very quickly in the opaque Uranium market.
I believe the lack luster bottom is will us for a while. Happily watching TOE slide down. Picking up more position for WHEN not If as Rick Rule would say.
Ok Drumma back to watching paint dry .......