I don't think the "chronically depressed nature of the uranium market" has since picked up any.
Nothing could be further from the truth. Uranium prices have tripled in the last 3 years, and will probably double again. Currently at $22.50, Cameco's MacArthur River Mine has over $6 billion dollars in reserve.
While many uranium mines world-wide have shut down, the opposite is true in northern Saskatchewan. There is a boom going on unlike any seen since the 70's. Saskatchewan is the world's largest producer by far.
That's because MacArthur averages close to 20% U3O8, while the world-wide averages are closer to 1%. Saskatchewan is the place to be if you're looking for uranium.
Cameco (CCO), the world's largest producer, has gone from $30/share to $160/share this year, then split 3 for 1. The juniors in saskatchewan have done just as well. You could have bought all the JNR you wanted for under .05 2 years ago...it's now trading briskly at $1.00.
I started buying uranium stocks 2 years ago, but they seem close to fully valued now.
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