And this is why I think this bull market will be interesting in...

And this is why I think this bull market will be interesting in a deeply cyclical market. The supply/ demand dynamics in the medium term of 3-5 years looks likely to create the next bull market, but the question is do price stay at a sustained height due to more countries developing their nuclear fleet, or does it stay a boom or bust cyclical market with a long and brutal bear market?

I guess it depends on how much we end up overshooting on supply, but it just seems there is a growing narrative of nuclear being the answer to climate change. This means unseen demand for uranium can come on very quickly from countries who change their views on what's needed for their energy mix. This could quickly distought forecast models.

Being pro nuclear power is seen as a political death wish in Australia right now but what happens when perceptions change? It's a similar scenario to many countries around the world and the momentum nuclear is generating right now doesn't look like slowing down. I think the answers to these questions let us know if the bull market lasts 3-5 years then peaks or if we see a sustain move up for say 5-10 years.

Interested to hear views on this from others?