Without getting too deep in the weeds. There is a glut of uranium right now, but in about 24 months that should be taken care of as demand grows and some older mines close up. The uranium miner space is small and current price is around 20 dollars a lb. It was at 74 before Fukashima. Everyone hates the sector, but there are 66 reactors coming online across the world with plans for more. 20% of US electricity comes from nuclear power plants. We import 94% of our Uranium with 40% coming from Russian influenced countries. With green energy initiatives pushing towards more electric cars and countries getting their first reactors, when that bull market returns it will be huge.
As we look at gold to explode with the talk of "helicopter money" and re balancing of the world monetary system; the energy picture is going to go hand in hand. It's a long play, but we're talking about an underlying asset going up 3,4 and 500% from current prices. So, imagine the leverage there with the miners. Kind of like when we project what Mexus will look like with 50% gold gains and 2k gold. Exciting times.
News 
Market Data 
Discover 
