Uranium mining and my contempt of BYOC

There is a shortage currently, and an increasingly one, in yellow cake, but with natural gas below $3 what is the point in going nuclear?

That is trend following.

On a fundamental basis, many of these miners are trading below book because the cost of management, geologic studies, mining permits, cash in the bank, access to new money are significantly higher than the current value the market is placing on these companies; not to mention the economic value.

Mining is a perfect competition type of business and as such, tough. The market has valued the equity shares likewise. BYOC is currently valued the same way, but at the end of the day, you don't need to rely on management or 1000s of small businesses pitching in for revenue gains. Rather, you got pounds in the ground. And in the olden days, that was real wealth. Not illusory.

And as Jim Sinclair puts it and totally taking his comment out of context "there is a need of resources, not year to year price fluctuations."