Food for thought...When there’s blood in the streets, buy real estate.
This is good news my fellow contrarians. Now we have some time to build a bigger position. Why do these articles have such a negative tone when they attempt to describe the long term bull market we’re setting up for?
Uranium will be back with a vengeance before 2022 when the US Gov't decides to strategically stop selling from its uranium stockpiles (propping up reactor supply of U). When that happens, the largest Nuclear Energy Producer in the world (The US) and all of its 100+ nuclear reactors will need to stock up and incentivize higher cost/pound-U production. By that time we will have already burned through most if not all of the lower cost in-situ pounds (On a global level). Also between now and 2022, uranium demand is estimated to grow by 38%, purely based on increased reactor demand from new reactors being built right now.
Even in a middle demand scenario, there are likely to be supply & demand gaps that would result in a short but intense bull market. (ESPECIALLY if juniors continue to struggle on the financing front & existing producers continue to shelf projects)
If anyone is into reading fundamentals, this is the best and most up to date resource I’ve found.
It’s free, but not for the faint-of-heart…
https://www-pub.iaea.org/MTCD/publications/PDF/Pub1104_scr.pdf