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Investment Summary Supply side analytics show slowing production and draw down of inventory Boom era uranium exploration created myriad production assets easily exploited in the  event of a dramatic price increase              Companies continue to delay new explorations and recognize impairment charges Weaker suppliers are propped up by joint ventures with larger competitors and government interests The major uranium producing companies continue to produce less uranium than they sell. The tactic is to reduce inventory levels while also reducing operating costs. The depletion of inventories is meant to decrease the available supply of uranium. As the chart below shows, over the past three fiscal years three of the largest uranium producers have used inventories to cover 16.6% of sales. The top seven uranium producers in the world, less Cameco have decreased production by 21% percent. Production levels ...