$sruut @ $12.76/sh means it can issue an afford to pay $51.20/lb for #uranium
We are poised for a nice run. The physical market has demonstrated excellent relative strength against the major markets.
We are poised for a nice run. The physical market has demonstrated excellent relative strength against the major markets.
https://twitter.com/numerco/status/1582104241627242497
Central bankers must begin to increase liquidity and I expect #uranium to take off like a coiled spring. The reversal by Germany is hugely significant. Greens are acknowledging that nuclear power is superior to coal. Japan has reversed course and one by one major nations join in
We have restarts, new builds and life extensions continually adding to the short medium and long term demand models. I believe that to meet this demand we must see a doubling of the price of #uranium but markets always over shoot. Squeeze should be epic and beyond $200/lb
The all time highs are nearly always tested in every commodity market as it moves from bear to bull.
The set up for #uranium is the best commodity story of all time. Monumental shift is occurring as we attempt to switch’s from fossil fuels to electric vehicles and strain grids
The set up for #uranium is the best commodity story of all time. Monumental shift is occurring as we attempt to switch’s from fossil fuels to electric vehicles and strain grids
We are also on the cusp of a global realization that we must convert coal plants to new SMR nuclear facilities. The result is going to be a 5-6x increase in #uranium demand
A very hard to permit commodity that is already facing the largest deficits of supply vs demand in the current year(s) of any commodity. We’ve seen what happens when Europe doesn’t prepare for shocks in supply for coal and gas. The world hasn’t prepared for this #uranium boom
The reason being that physical #uranium prices is relatively irrelevant vs the power price of nuclear generation. (Nuclear power price is set mainly as a result of the upfront capital cost to build the facility)
All this combined to have us set up for huge investment gains in a space that is currently so small large funds consider it ‘uninvestable’. So the early multi gains will be enjoyed by retail investors and savvy high net worth investors. Once the market caps grow…
Main stream mutual funds will consider it a must own. The EU community barely owns any #uranium equities and I expect them to be amongst the first movers to push real capital into the space given their energy market woes.
And there we are…
Spot pricing moving nearly perfectly with $sruuf $u.un nav
Spot pricing moving nearly perfectly with $sruuf $u.un nav
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