I think in the end Uranium has 1 big problem
There is no correlation between power prices and Uranium prices. Nor between nuclear power stations and Uranium. They just don't use enough Uranium and companies like BHP, push out plenty of the stuff as a by-product.
So what determines the price of Uranium? Probably government policy. If governments say nuclear power is good, AKA, let's build them, then companies lock in supplies, who cares what the price is. If governnments don't like nuclear power, then companies don't lock in suppllies, who cares what the price is.
We're just gamblers on government policy (that's why i'm waiting)
