Uranium is no longer a topic of conversation like it used to be. That's a good thing. Average historical uranium prices in the 80s - 2000s was $10 per pound with an occasional low of $7-8. Uranium spot is currently trading at ~$18 per pound. I think prices could easily get cut in half, especially with cheap energy prices. Prices of Cameco Corp
imply a similar trajectory and drop in magnitude of 40-50%, followed by a signal of forming a historical bottom. I'm interested in buying long dated puts on Cameco
on any rally with targets in my orange zone. I will be looking for a long opportunity should price reach the orange zone.