With current 60 million pounds annual deficit production price has to move up North substantially. From technical point of view Stach and MACD indicators pointing that price will start moving starting this week. Movinng averages are pointing down at this point but that could change with price moving towards $30 range and above.
Comment:
Big break out today in all major Uranium miners CCJ DNA, NXE, UUUU - Uranium price spot did not move so far