Yes, may have to wait a couple/few years for prices to rise to project-sustainable levels:

"Contract prices are forecast to rise to about $80 a pound in 2020, according to JPMorgan Chase & Co.

“When the market turns, we’ve seen this historically, it will typically turn quickly and sharply, and we need to be ready,” said Cameco’s Reilly."

- http://www.bloomberg.com/news/articles/2015-05-07/asia-s-800-billion-nuclear-splurge-to-unlock-uranium-motherlode

Would be a good time for far-sighted investors to acquire undervalued assets... sigh...