The Uranium mining sector has been completely starved of funding for a decade. Major mines are shutting down not just because of low prices but many have reached their end of life.
They days of looking at the lowest cost producers as price setters are over
They days of looking at the lowest cost producers as price setters are over
If you a conservative analyst that is setting uranium price targets of $45 or $50 (Some ridiculously are using $35) you are out of your fucking mind and are going to be made to look very foolish in the next year and a half
You don’t just fire up a new uranium mine over night. In fact uranium mines are some of the most difficult mines to permit in the world.
10 year bear markets in any commodity don’t end with a 50 percent price rise.
10 year bear markets in any commodity don’t end with a 50 percent price rise.
The uranium price will be going up 5x to 10x. So get your head out of your ass, wake the hell up and smell the coffee.
Get on board before your left at the port.
Get on board before your left at the port.
Oh ya.. $NXE amazing report today. But not really much new. That mine is baked into the cake as far as supply / demand balance is concerned. The world will need 5 NXE’s to come on line in the next 10-15 years. And that ain’t happening with out...
A very high uranium price and billions upon billions of investment.
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