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A Move in Long Term Uranium Spot Price will Drive a Buying Frenzy

By Tom Winnifrith | Thursday 23 November 2017


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


 Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis.  In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.


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