In short: First name on his list of producers that "have really not delivered the way that they perhaps had hoped to, and perhaps fuel buyers had hoped to" — part of the supply disappointment that has buyers asking "can you actually deliver the pounds?"
20:32have just not delivered. There are a few examples of that. I don't want to rain on anybody's parade here, and I'm not here to be the bad guy or whatever, but Peninsula, Lotus, even Boss recently with the Honeymoon feasibility study at the end of the year — they have really not delivered the way that they perhaps had hoped to, and perhaps fuel buyers had hoped to.
In short: Named in the bluntest line of the uranium segment, answering people who say they lost money in a bull market: "you can't buy these shitcos. They all blow up. Peninsula, Laramide, they all suck. They're not going anywhere. These are recycled projects from previous. They didn't work. Maybe they'll work at 200. I don't know."
1:11:46But I think that if you're just going to say, well, I get a lot of complaints because people like, "This guy's been talking about the uranium bull market. I lost money." Well, yeah, because — can't buy these shitcos. They all blow up. Peninsula, Laramide, they all suck. They're not going anywhere.
In short: Cited with Lotus as a uranium junior that disappointed shareholders — a cautionary name behind his "express the theme through quality" rule.
47:09Yes, we're seeing investments in enrichment and in conversion which have been bottlenecks, but ultimately that's just going to call for more regular yellowcake. So where is that coming from? So I still think that that's a very good area to look at. The problem is how do you express that with a position instead of some shitco junior that — in Africa somewhere? Yeah, just ask the shareholders of Lotus and many others, Peninsula, and I don't even remember them all at this point, but anyways. Well, even in Australia, Boss, if
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