Discover and read the best of Twitter Threads about #Uranium

Most recents (24)

#uranium #thread Problem with a prolonged bear market for a decade due to over supply, opaqueness, government subsidies, fuel cycle underfeeding & excess supply, etc. is that almost everyone talented leaves for better opportunities including the financiers. The problem when the
2) market turns & you try to restart production in that same market of no price discovery is the structural supply deficits, the opaqueness of the market, the end of subsidies (think mega tons for mega watts), the transportation issues for over 40% of U308 & EUP through what now
3) looks like obvious political risk (didnt 4 years ago), the neglect in maintenance (everywhere), supply chain issues & the ability to restart & meet production targets (for various reasons), the lack of talent (trust me, u-twit gives far more credit to these folks then they
Read 6 tweets
There is a new presentation out for $FUU, you can find it here:…
This map on page 20 of the drillings so far seems to be new, but very useful to get an idea of what they have found so far:
Here you see the outline of the mineralized area, so far the zone seems to have an average width of about 30-35 m, the strike length is 105 m and the average thickness is about 10 m. Image
That makes a total of about 35,000 m3 mineralized ore. The average grade so far is about 4-5%. Comparing with other calculations I have seen, 1 m3 should contain about 500 lbs at these grades, which brings us to a total of 17.5 Mlbs of uranium ore. The value at today´s spot price
Read 6 tweets
Denison Mines $DNN $DML share price today represents a valuation of only~3.92USD/lb U3O8 DNN has in resources today compared to EV USD/lb valuation a couple companies had in February2007 (when #uranium spotprice was ~75USD/lb):
DNN: 21.42USD/lb= 5x
$PDN: 23.04
$FSY: 16.02
Global Atomic $GLO (building 5Mlb/y DASA mine with possibility to 2x planned production if right price is paid,produce #uranium early2025 & signing contracts) share today represents valuation of only 1.26USD/lb U3O8🤣compared to PDN EV USD/lb in February 2007 of 23.04 =18x
Am I pretending $GLO will do 18x from share price today? No! But GLO is stupidly cheap today. Imo 10x from here by 2025/2026 is possibility.
GLO has higher grades than PDN
GLO is also about to increase their #uranium resources and already created JV with government
Read 5 tweets
#uranium is consumed each year, while #gold is stored in more &more bars,coins & jewellery since centuries.

=Gold stockpile has been growing since centuries,while the uranium stockpile has been decreasing since early 2018 and reached critical low levels now

#gold is for protection against value loss of fiat money.

So are all hard assets in LT, with that difference that other hard assets have a use / are consumed in society, while gold not really.
#oil, #uranium…need replacement bc they are consumed,gold not.

Think about it.
#oil, #uranium are used to create energy for💡,heating,transport,industry,… & when it has been used, you need to replace it with new oil & uranium (also see comment about difference between oil & uranium)
#gold on the other hand…(next post)

Read 8 tweets
1. We have come out with our grand report titled :

"The BRI Status: A Grand Report" on Its Present and Future.

Here is a thread on the same.
#BRI #China


@ShawnG927 @jenny_kjacobs @tiffanymeier_ @NoCCPGenocide @UMM1776 The status of the Belt and ...
2. "The #BRI Status: A Grand Report on Its Present and Future" sheds light on numerous challenges faced by BRI like:
cost overruns,
environmental damage,
funding issues,
repeated delays,
lack of progress,
and poor quality of development.
@Santos4Congress Image
3. According to our investigation, 62.8% of the countries that have joined the #BRI are #developing countries, while around 17% are #developed countries.

This suggests that the BRI is primarily focused on developing countries.
@GundamNorthrop @Byron_Wan Image
Read 24 tweets
#uranium math in million of lbs.

Supply 2024 to 2030
1015 based on 2023 production of 145
210 avg 30/yr increase if even possible
105 secondary supply 15/yr mainly from Russia

Demand 2024 to 2030
1260 based on 2023 demand of 180
140 avg 20/yr increase conservatively
105 avg 15/yr overfeeding demand
? financial players

175 DEFICIT or 25 million lbs per year

You can adjust these numbers as you wish, but the conviction for this trade is in the math. It really is as simple as that.

I don't know how this gap will be filled but the $$$ fight for the last available pounds will be something to see.

Read 3 tweets
#Nuked Themsleves: “They will blame #Russia as always”: a sociologist on the growth of the background #radiation in #Khmelnytsky (160 nS) | May 15
-the Russian army #destroyed the #ammunition depot -shells with #DepletedUranium were stored at the facility.…
#Finland's background #radiation normally varies between 0.05 and 0.30 #microsieverts per hour (µSv/h)
Tuomas Peltonen / Inspector general
tel. +358 975 988 508…
- #Loviisa NOW: 0.210 #microSieverts ImageImage
cc: @ ArthurM40330824
#Gamma radiation in #Khmelnytsky could actually indicate that a #DirtyBomb was stored in the warehouses.
Gamma radiation is characteristic of #enriched #uranium. Is it possible that were making "dirty bombs" at the Khmelnitsky #NPP
Read 35 tweets
If you've heard about a global #Nuclear #energy resurgence⤴️⚛️👂🐦 driving demand for #Uranium that's in a deep supply deficit⤵️⛏️ and wonder how U can invest💵🤔 in this tiny #mining #stocks sector famous for spectacular gains🎆💰😃 here's a🧵 on the various ways U can play.🤠👇 Image
To build your own #Uranium #mining #stocks portfolio📂 of #U3O8 equities traded in #Canada, #USA, #Australia & #UK🛒 U could choose from the holdings of 100% pure-play '@Sprott Uranium Miners ETF' $URNM 🇺🇸🇦🇺🇬🇧🛒⚛️⛏️🤠🐂 #Nuclear #investing #NetZero #ESG🏄‍♂️… ImageImage
Lowest risk #Uranium #investing option🦺 is a Fund that stacks raw #Nuclear fuel #U3O8🏦⚛️ providing direct 1-to-1 exposure to U3O8 Spot price.📈👯 In North America that's @Sprott Physical Uranium Trust (TSX: $U.UN $U.U OTC: $SRUUF)🇺🇸🇨🇦 & in #UK Yellow Cake plc (AIM: $YCA)🇬🇧🛒⛏️ ImageImage
Read 11 tweets
1) The #Uranium #investing opportunity⛏️💰 emerges from an unexpected & accelerating #Nuclear Renaissance🏎️🌅⚛️🏗️ creating unprecedented demand for #U3O8🛒 already in a deep multi-year structural supply deficit⏬ that can only be repaired by far higher #U3O8 prices💲⏫🐂🧵.../2👇 Image
2)The #Uranium #mining #stocks #investing thesis in a nutshell🥜 is that after Fukushima the #U3O8 price sank, new mine projects were cancelled, many mines closed, investment dropped💰⤵️ as investors mistakenly thought '#Nuclear #energy is dying'🪦 but they were wrong!✖️😯../3👇 ImageImageImageImage
3) #Nuclear #energy has recovered over the past decade⚛️🏗️⤴️ so that #Uranium demand today is back where it was before Fukushima & is surging higher.⏫🛒 A #Nuclear revival has been underway for years📈 now kicked into high gear🏎️ by #EnergySecurity & #NetZero goals🌞⚡️⏫.../4👇 ImageImageImageImage
Read 7 tweets
$GLO Stephen Roman's most recent interview with @CruxInvestor. 🧵1/5

Key points:

🔵 The company has $60 million in the bank and is progressing with the project. Mine is being build.

🔵 Bank financing is still in process, with terms expected to be announced by the end of Q2. Image
2/5 #Uranium - $GLO

🔵 The bank debt should cover 60% of the company's requirements.

🔵 The company has already spent $30-40 million on the project.

🔵 Carry Trade groups are willing to make prepayments, and negotiations are ongoing. Image
3/5 #Uranium - $GLO

🔵 The banks require an additional 700K - 1M Lbs of sales before drawing down on debt.

🔵 All utilities that attended the WNC have included us in their RFP lists.

🔵 Alternative plans, such as bridge loans, are being explored to avoid issuing more shares. Image
Read 5 tweets
#Uranum biography 2⃣
John Borshoff, CEO of @DeepYellowLtd
Thread 🧵 1/25

When investing in the mining sector I believe there are 2 main factors one should consider when taking decisions:

1⃣ The Asset
2⃣ The Management

In these threads, we will concentrate on the CEO. Image

Borshoff served in the Aussie Army during the Vietnam War, an experience that connected him with Dustin Garrow, who became a lifelong companion throughout John's #Uranium ventures. Both drew valuable lessons from their time in the war, which later influenced their careers. Image

John Borshoff relates the lessons he learned during his time in the Vietnam War, and how it impacted his corporate #Uranium experience: Image
Read 25 tweets
#uranium facts for last week are in ....900klbs traded Image
Utilities joined in but didn't dominate Vs traders #uranium
Another 2-3mlb pounds to be taken out through the end of May if blue skies are to be enjoyed. But to sustain higher levels, Utilities will need to dominate, near term (<24 months) contracting books need to be nearing capacity to result in continued upward momentum. #uranium
Read 4 tweets
For those pre-production #uranium caps (<US$150m size) raising money to take them towards the Final Investment Decision, this should come as no surprise, one should build into their models dilution as follows:
$55 spot = likely 50-65% dilution if capex is funded at this point
$65 spot = 45-55%

$75 spot = 40-50%

$85 spot = 35-45%

Hence our view that buying < 0.7x peak CF 3-4 years out undiluted = 0.9-1.2x diluted = 4-5x upside.

Those trading at <0.5x = 6-8x upside.

Funding a project at $85 spot implying > $50lb cash margins for 3-5mlb capacity = operating CF US$150-250m 3-4 yrs out

Buying that cap today at $53 spot

US$100m cap = 4-7x return

US$75m = 5-8x

US$50m = 6-10x

Read 4 tweets
Inventory of Japanese utilities: this week they presented their annual results. There is a very evident drop in #uranium inventories during their FY 2022 (April 22-March 23). Specifically, there have been two uts that have sold a lot of material in the market: Hokkaido and Tohoku
Both have had a NPP utilization rate of 0%. Regarding Tohoku, it has made sales for 25B yen which gives a sale of 3.7Mlbeq approximately. Image
Hokkaido has reduced its nuclear fuel by 27B yen, posting a loss of 5.7B yen. It is true that Hokkaido's inventory in relation to its nuclear power capacity is very abundant but the sale of approximately 4Mlbeq of U308 is not crumbs Image
Read 4 tweets

#UN in Deep Crisis - Russian FM Lavrov

Sergey Lavrov opened his speech as chair of the #UNSC by declaring that the rules-based order... actually has... NO rules

Instead, unilateral sanctions have paralysed supply chains and seen international laws manipulated Image
🇷🇺's top diplomat went on to say the West has instead self-proclaimed dominance across the globe.

Here are some key points:

🔸 #AUKUS deal an extension of #NATO into Asian Pacific

🔸 #Washington embraced destroying current architecture of intl relations
🔸 🇺🇸 intervention in Indo-Pacific is to deter 🇨🇳 & isolate 🇷🇺

🔸 Complex of superiority dominant in minds of EU officials

🔸 🇺🇸 and 🇯🇵 remain silent on who bombed #Hiroshima and #Nagasaki, and the use of depleted #Uranium in #Yugoslavia
Read 4 tweets
@U3O8TradeTech Market Update, 2022

Confidential Insights into:

🔘Japanese Inventories
🔘Chinese Nuclear Expansion
🔘Utilities Contracting Cycle
🔘Supply Deficits & Demand Growth
🔘US Support for Nuclear Power
🔘 And lots more... Image

Treva Klingbiel kicks off with a bullish tone:

"Since we've had this last call a lot has happened, and we're getting incoming news daily that meaningfully impacts our outlook for where the #Uranium market's going in a positive way. So I just can't emphasize that enough." Image

Treva continues on a bullish note in regard to demand forecasts. @U3O8TradeTech is now seeing demand hitting the upper zone of the gradient, which would result in 250 million pounds of yearly #Uranium requirements demand in 2035. Image
Read 23 tweets
I want to share some more about why I say $FUU can be the next Cigar lake within #uranium. Please look at the highlighted texts in the below description of unconformity-related deposits, link to full article here:… Image
This part is about the Cigar lake deposit in particular: Image
For now, the geology between both deposits looks very similar, a flat lying lense with a high grade core surrounded by a lower grade halo. The Cigar lake deposit is 1,950 m long and contains a total of 221.6 million lbs of U3O8. That means 105 m of it on average contains 12 Mlbs.
Read 8 tweets
The $FUU JR Zone starts looking more and more similar to Cameco´s Cigar lake:
Cigar lake has the form of a flat, elongated lense. It is 20-100 m wide, 1,950 m long and ranges up to 13.5 m thick, with an average thickness of 5.4 m. #uranium
Average grade at Cigar lake is 17.2%.
The $FUU JR Zone has the form of... a flat enlongated lense... is for now 15-50 m wide, 105 m long and ranges up to 15.5 m thick with an average thickness of 10.3 m. RedCloud estimates the average grade to 4%, but then they include the weaker
015N line, otherwise it would be 5%. Remember also that the grades and widths for now increase going south, so it is possible the avarage grade soon will be more like 6-7% or more. So while Cigar lake is higher average grade for now, our mineralization is almost twice as thick.
Read 10 tweets
Financing is here, looks like a good deal to me, at a 34% premium to the market price. Shows investors really believe in $FUU #uranium…
That also explains the heavy selling after the end of the spectacular winter program. Some big investors probably knew that they could participate in a financing and also get some warrants...
Since the financing is done at a premium, it should not affect the share price negatively imo.
Read 5 tweets
Now it is confirmed that PLN23-060 is the best hole to date. A peak of 65.2% is the highest so far. 14.5m interval averaging 9.4% U3O8 is the best interval so far. $FUU #uranium
Some other great interceptions as well, on line 30S and 45S, showing we have a continous ultra-high grade core: $FUU #uranium Image
Read 5 tweets
Sunday morning coffee after the necessary start of the day with animals is usually the time where I scroll through the weekly/daily charts and last weeks setups assessment.

Looking through the whole #uranium sector, its obvious that asymmetric reward vs risk is EMERGING, but not yet wide spread. Any kind of liquidity flush from here will cause a future supply restriction as large entities will use that liquidity to load up the positions.
We can only mark a bottom in hindsight. It can already be in, -10% from here or -50% from here.

My tactic is to probe it with short term long trades, diversify in non-correlating equities and if I see a possible trigger event, hedge.
Read 7 tweets
This simple play book is all one has to remember and execute on, get in alignment for each cycle....multiple bottoms incoming. Focus and control ones emotions, understanding reversion to mean whether down 95% (>8x return if < 0.5x 2026 CF) or 97.5% (>16x if <0.25)
Finding despondent sellers is easy....

#uranium sector as many have taken 60% bath from 2021 highs, 10-30% further downside possible

#crypto bros in Dec 2022

#REIT's where dividends go to zero and are in refinancing stress

#regionalbanks when under intense bank run news flow
#homebuilders when selling prices move to negative gross margins to move stock

#autodealers with negative gross margins

#Pakistan on political and economic uncertainty

#Poland on war uncertainty

#Brazil on economic uncertainty
Read 3 tweets
Looking at all the cross-sections on the F3 #uranium $FUU website, and it actually looks quite amazing. In orange you see the A1 shear zone where all the mineralization has been found so far. It is ultra-high grade, thick, long and wide. Image
We may already have 15-20 million pounds, and as the last holes show the mineralization is getting even wider and stronger to the south, another 15-20 holes to the south in the shear zone could double that number. But look how close we are to the unconformity. Looking at other
deposits in the Athabasca basin, they are practically all in contact with the unconformity, and the $ISO Hurricane deposit is overlying it: Image
Read 6 tweets
Had a good call with a representative for the Zuri-Invest AMC #uranium vehicle. Apparently they are witnessing strong investor interest and will likely raise substantially more than the $100m they aimed for until the end of the subscription period.

The advantage of placing an order during the subscription period is that one saves the 1% bid-ask spread once the AMC trades in the market. The subscription period is on the 21st of April. The 1% bid-ask spread is a good mechanism to incentivise a LT holding period.

Given strong demand the AMC will likely raise $150m+, which will take 3m lbs of #U308 off the market. Currently, the AMC is not available in the US, but will likely be added to the US in a couple of months. This will lead to additional concentrated demand a few months out.

Read 4 tweets

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