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
(1/5)

https://twitter.com/quakes99/status/1646159140107026441

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
(2/5)

https://twitter.com/napalm_1_/status/1654548303730688001

#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

(1/8)
#commodities

https://twitter.com/numerco/status/1663501796101292032

#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.

(2/8)
#commodities

#uranium spotmarket is very small market bc most of uranium deliveries go through LT contracts! Today utilities signing LT contracts with deliveries starting in 2025 & beyond.
Spotmarket for utilities & enrichers is mainly for adjustments in U3O8 needs
(1/8)
$YCA $FTSE $U.UN Well, now a major adjustment is coming (SWU -> conversion -> additional short term U3O8 needs). You can’t overfeed (use more U3O8 for production of 1 enriched uranium product) in 2023/2024 with contracted deliveries of #uranium mined in 2025
(2/8)
$YCA $FTSE $U.UN

Utility:Dear producer,could you restart your production to sell us your #uranium at 50USD/lb so that we can extend our operations
Producer:I need 75+USD/lb to make a profit, labour &material cost went up 15%
Utility:Please,it’s urgent.
Producer:NO,this isn’t charity!
-> $U.UN 🚀

https://twitter.com/808sandu3o8/status/1582560965081460736

Can $URG $UEC $UUUU US assets of $CCJ,… make profit if they sell #uranium at 50USD/lb? NO
Will they restart those prod for 55USD/lb? NO
URG has 1st supply contract 200,000lb/y starting 2H2023,but has >300,000lb inventory => can postpone prod start.
Same for UUUU, UEC,…
(2/n)

Here my value/potential simulation of URNM by only using 50% (conservative approach) of EV/lb values of February 2007 on all URNM holdings +taking 1 rebalancing in March 2023 into account.
In 3 tweets

Result:2.7x from 66.9USD/sh Friday
$URA & $URNM 🚀imo
#uranium
(1/3) - part1 $URA & $URNM
#uranium
(2/3) - part2

Facts=facts.There can be many reasons for US utility #uranium inventory being at 16months of consumption on average &EU utility inventories at 2y of consumption.They are too low &they can’t run reactors without it,no room to consume more inventory—>EUP & UF6 restocking now!(1/7) &where are they going to get more #U3O8 in SHORT TERM?
By consuming more #uranium inventory while having lost backing of carrytraders,US & EU utilities have cornered themself. $DNN $UUUU $URG $UEC $BOE,you are about to have many calls from utilities for your U3O8 stockpile (2/7)

First, utilities will contract as much as possible with the big producers: Kazatomprom, Cameco, Orano, Navoi Mining, Uranium One. And they will try to diversify over different producers & different regions for security of supply reasons. (1/4) #uranium #U3O8 $URNM #SPUT The last #uranium pounds available for sale from those big producers will be contracted at higher prices than the first pounds bought from them. (2/4) #U3O8 #SPUT $URNM