I’m expressing my own opinion based on my own long and profound DD the last 10y. My tweets aren’t financial advice. Each one needs to do their own DD.
May 31, 2023 • 5 tweets • 4 min read
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)
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)
#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.
#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
Oct 19, 2022 • 6 tweets • 3 min read
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 🚀
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)
Oct 10, 2022 • 4 tweets • 4 min read
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
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)
Feb 10, 2022 • 5 tweets • 4 min read
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
$URA & $URNM
&where are they going to get more #U3O8 in SHORT TERM?
