Uranium

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Uranium

  • Bart Peters

    Uranium price lowest price since 2004.

    Costs about 60 USD to get out of the ground & sells for 20 USD.

    Had 6 losing years in a row, previous asset that was in that situation was coal and it’s up massively this year.

    Sentiment was enormously bad, certainly after Fukushima happened, turned around a bit here after prices rallied.

    Many nuclear reactors being built, especially in the east.

    It’s still in a supply surplus so not sure this rally is the real deal.

    Somewhere in next few years I’m really expecting uranium to take off and start multi year bull market.

    Companies I’m personally watching closely: Berkeley Energia, Energy Fuels, Cameco Corp, GoviEx Uranium.

    What do you guys think?

    Bart

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