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Consensus community valuation
$0.150
Average Intrinsic Value
145.9%
Undervalued by
Active Member Straws
#Bull Case
Added 2 months ago

Uranium and Covid 19

Spot price has moved from $24 to $34 usd per pound u308 in the last 2 months.

Massive supply destruction has occurred due to Covid-19. Cameco and Kazatomprom, the 2 worlds largest Uranium miners have reduced or completely stopped their mining operations. They are buying in the spot market fill their contracts. The market is already running at a supply deficit and this has just exaggerated it. I expect USA utilities to start recontracting in 2021 which is put a rocket under the sport price and thus BOE. 

 

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#ASX Announcements
Last edited 6 months ago
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