Thread by @BambroughKevin

Super bullish news for #uranium $u.un $spruuf

Bearish for Canadian basin uranium miners though. Why I love me my uranium in a can. Best risk to reward bet. newswire.ca/news-releases/…

All I know is uranium demand is going to keep rising way more than people think and the supply of uranium from new mines will be smaller than expected and take much longer and cost way more. #uranium $u.un slam dunk 2x lay up 3x and likely will squeeze 4-5x

Risk reward $u.un is the best. I sleep beautiful and enjoy my happy lucid dreams with no disturbing thoughts of labour strikes, tax hikes, expropriation, cost inflation. These ans more work in the #uranium prices favour and the U mining stocks are priced to need the spot double

I also don’t need to worry about management selling my #uranium at ridiculously low prices in long term contracts.

I gave this release a good read and some thought.

I’m not sure if I’ve personally met with the Clearwater River Dene Nation reps over the years but I met with and visited many bands and band councils in Saskatoon as well as several in Alberta and Manitoba.

I actually had the honour of being made an Honorary Chief of the Kainai Nation (Canada’s largest first nation land holder). I’ve met with many bands and councils and understand there concerns and also how poorly they’ve been treated.

Some are saying this is a cash grab and others are saying that the sell off today prices in the concerns raised by this First Nation Band. I can tell you the risks to these projects are far greater than the market appreciates.

I don’t see this as a one say blip. But I would say that the companies in the effected area will have a major up hill battle. The indigenous people and there councils most often think very very long term. Their land is there sacred space. They don’t plan on moving ever.

They govern their territory with a sense of responsibility that it must be preserved for generations to come. They also often view easy money as evil money. They understand the cycle of money coming in for a short time in exchange for long term damage to their lands.

The youth on First Nation land are also extremely plugged in and both strong environmentalists and also sick to death of being pushed around and screwed over. I’ve actually been listening to a lot of indigenous hip hop. Very powerful stuff

Some great documentaries out of late and some awesome playlists on Apple Music and Spotify.

Anyhow. I think this will be a growing theme. Not just in Saskatchewan but in many areas.

Jabiluka in the Australian Northern Territory contains one of the best most economic uranium deposits in the world. (Plus significant gold). It was a major asset of Rio Tinto and ERA (energy resources of Australia) last cycle.

The indigenous band there decided to not permit it. They killed the project. A big part of the reasoning was that Rio’s ranger mine paid them large royalties. But it corrupted the community.

The band leaders decided that sitting around and getting cheques in exchange for allowing the mining lead to a cycle of dependency and a serious alcohol problem.

It also seems like their was a lot of contamination and difficulties with clean up

Big fines don’t satisfy locals that just want to live off the land in a sustainable way.

I’m sure some jackasses caught long are gonna accuse me of being short. I’m not. I’m long uranium and fortunately have no long or short in any of these effected companies.

My only bias is that I’m long uranium and yes. I’ve been telling people to expect negative news relating to permits, labour, tax, capex/opex inflation, equip shortages, construction and mining start up issues etc etc etc

This is what happens in every commodity bull cycle. No one is gonna bother fighting a broke ass company that is doing near zero activity. Once there a market cap and a permitting process then the objectors mobilize.