The uranium market currently has so many bullish forces acting...

The uranium market currently has so many bullish forces acting on it that surely we must soon get sustainable movement:

inventories are high but they were this high also before the last bull market;
investment funds are buying direct from miners to hold not sell into the spot market;
secondary supply is diminishing;
no large new mines are coming into production;
Kazatomprom has set up a marketing arm to manage supply and will reduce spot sales;
new Chinese, Indian and resumption of Japanese nuclear plants increase demand;
utility contracts start to run out in a couple of years and they need to plan now because enrichment takes up to two years.

This is an industry with notorious cyclicality and the structure is the same, so the outcome should be the same. Sure, nothing is certain, but the scene is set ...