Uranium One Inc SXRZF

RE: Uranium is abundant

[StupidInvestor]

A lack of resources isn't the problem in the uranium industry. There's enough uranium discovered to go around for hundreds of years. The problem is the licensing and permitting process. That's the bottleneck. Discovering more uranium won't solve that. So, what you'd like is to get your hands on uranium properties that are advanced in the permitting for production process. They can monetize their minerals. You want to make sure you can extract the resources and turn into money. Lots of mines can't do that profitably at these prices. The mining industry I'd bet are significantly delayed because of the consequences on the uranium price. At a later stage when wanting to develop mines, good luck finding somebody that wants to throw money developing a uranium mine profitable at $70 USD/lb in the waves of a nuclear accident. All that and reactors currently being built still, I've got a difficult time seeing a negative outlook for the commodity. But the current price isn't fun ........