RE:uranium prices could move sooner than we think....Great video. Nothing different than what I have been saying here for the last year or so. But very interesting twist on why the Russians are going to dominate this market. Pay attention to this and stop bickering about which company is best. From 200 miners down to just 40...NO NEW MINES on the horizon. Russia controls 60%. Katzkhs become the Saudia Arabia of Uranium. HALF of ALL ENRICHMENT capacity is Russian. The Kazakhs set up a trading arm in Switzerland...why...to control this market that is why.
That puts the Patterson Lake corridor in the catbird seat. Uncommitted resources whose value is about to soar. If there is 500 Mlb in the whole corridor (PLS + Arrow + Harpoon + Spitfire + Cannon + Bow) and the price goes to $200/lb that asset is worth 100 Billion.
Should the Russians not get what they want from Trump, the supply taps will turn off and US utilities will be scrambling to get any pounds they can. Where will they go The Athabaska and Thelon basins as well as their own backyard.
This is going to be the biggest Bull run of any commodity in history and hardly anyone knows about it....except us.
Malcolm