Estimates seem to vary considerably. says: Nuclear is by far the best and I wouldn’t argue with them. There is no way and hell we can ramp up solar and wind to replace coal. Especially with out a massive investment in storage.
One of the benefits of deciding to focus entirely on investing for my sell from 1998-2002 then work only buy side at a hedge fund from 2002-2013 then return to just investing for myself 2013-2021 is I’ve been able to spend as much time as I want reading. (And I like reading)
the bulk of the last 24 years I haven’t had to engage in sales meetings, presentation crafting, filings, reports, staffing and or management. Big reason I left and decided to retire is I simply didn’t enjoy dealing with all the “bullshit”. Was always just interested in investing
Having all this time to just focus in on big investment calls is a blessing. I recommend to people while they are young to aggressively independently focus in on what your most interested and try to become an expert in the field. I think you will be well rewarded and appreciated
You will feed you’re passion and can easily become an expert by choosing to focus assuming you have the benefit of the time to read and focus on the area more than others. Hard work pays off.

People arguing Nuclear Power has low EROI are whacked. Don’t listen to them.

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More from @BambroughKevin

13 Oct
FYI. I’ve heard from a few people that @RealRickRule said the the easy gains have been had in #uranium and is pushing #gold as the better play.
I’ll let Rick chime in if he wants to discuss things. But I’m pretty sure he told me he was 2-3 years early last uranium cycle and sold mostly out a year before the peak. Probably happy with $65-75/lb
Yes he made a great pass on $pdn but we at Sprott under my recommendation bought in at $0.08 basically at the start of the bull and rode it to $3.50 before selling any and ultimately to $6+ for final shares
Read 13 tweets
11 Oct
Predicting a market crash is very tricky. Especially because everytime the market/economy starts down what looks to be a crash cycle, central bankers print trillions more than they did to prevent the last crash.
I believe this cycle commodity bull will see a melt up of epic proportions because market players will begin to focus on the inevitability of economic shocks being met with more and more trillions of spending. Especially infrastructure spreading to retool the economy
The ‘crash paths’ we will continually be heading down will be a result of blow out commodity prices and inflation as industries will struggle to pass on costs and the broader economy will face a cash crunch.
Read 25 tweets
9 Oct
Today I bought about 600k shares Greenland Resources. I probably got just over 2mm shares with an average price of 40+ cents. I’m not gonna comment further on this but since I’m gaining so many followers and plan to comment on this company a lot I feel I should mention it
Now before I’ve got my full fill. I’d like to get 3mm shares under 50c. But won’t pay more than 65
This is one of my 10x plus 10 year pics. Don’t be lazy go the website and see what they have. Molybdenum will make an all time high this commodity bull (for fucking sure) and this company will 20x plus.
Read 10 tweets
7 Oct
Been thinking more about what’s happening with SPUT $u.un $u.u $spruuf

The impact of the shares no longer being approved for trading in the USA via OTC is nearly entirely to blame for the current down trend. Here’s why and what happened: (securities lawyers can help here)
Just a couple weeks ago SPUT $sruuf was shut down from being able to trade OTC (over the counter) USA by many brokerages. This happened because of a rule change for foreign funds and disclosures/approvals required by USA regulators and USA brokers.
When Sprott took over management of Uranium Participation Corp they converted it to a Trust (fund) and added the ATM abilities. It was at first able to trade in the USA but due to a rule change and Sprott not filing a “KID” doc and getting approval to distribute this “Fund”
Read 15 tweets
6 Oct
Many Black Swans are circling over head like vultures ready to rip many industries apart.

A few 5am thoughts on:

#energycrisis #currencycrisis
Coal generates nearly 40% of the world's electricity, close to its highest share in decades.

Thermal coal prices are spiking out of control all over the world. I’m some places doubling historic all time highs.
“Natural gas is the fastest growing fossil fuel, accounting today for 23% of global primary energy demand and nearly a quarter of electricity generation”

Again natgas prices spiking out of control and taking power prices with it
Read 28 tweets
5 Oct
Shanxi is the coal hub of China. Produced nearly 1bln tonnes of coal per year. But also has wash plant capacity of 1.8bln tonnes. This flood and mining / plant closures could become absolutely crazy for the coal market
To put it in relative terms the USA produces 1.1-1.2 billion tonnes of coal. We don’t know total capacity actually going off line here but it’s obvious that the coal market was already at record tightness with record pricing.
This is the sort of event that could double coal prices again and also take global natural gas prices up another 50% or more. It’s the ‘perfect storm’ for the coal market. With China and Europe already critically short coal and just heading into winter it’s gonna get lit
Read 6 tweets

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