2020-2022 the uranium supply and demand curve is predicted to cross back to uranium defecit.
Look at Copper price as a guide to market behaviour in the transition from over-supply to defecit. Price is the mechanism to correct supply imbalance, the current weak price means projects are delayed. Delayed projects mean that supply corrects. Supply defecit means that price will go up. If TOE can hang in for another year or two the project will get funded and hit production at the right time (supply defecit).
As we get into 2019 Uranium price IMO will move substantially and I hope TOE is there to see it.
2020-2022 the uranium supply and demand curve is predicted to...
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