OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Apr 04, 2018 11:43am
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Post# 27828891
RE:RE:Mike Alkin Podcast
RE:RE:Mike Alkin PodcastAgree too long and do not need to hear about doing yardwork at the beginning ! But certainly interesting.
Comment that I had not really connected is the fact that the large institutional money cannot really play in the Uranium space in a big way or they would simply buy up all the companies. Total Market cap now in Uranium space of about $ 6 B. In the last run in 2005-7 was over $ 60 B with 500 companies.
More mines coming on line then - few if any new BIG mines coming on now. About 23 reactor builds then - about 55-60 now. Production increasing then - production decreasing now.
We will see Long term prices at $ 70+/LB. getting closer and which Utility will be the first to blink. The US government Section 232 ruling will also help. Stars are aligning. Just not yet.
A single 10 % Cobalt hit at WB will be the capper for this company to surge quite nicely.
MM