quakes99 wrote: Absolutely agree... these new EPR reactors are exactly that... HUGE compared to earlier generations of reactors. And coming in large numbers to boot! Aging reactors facing retirement are half the size of these new units.
I think it's a case of investors not understanding the whole nuclear industry. Thankfully, people like you are changing that!
The likelihood that PLS and Arrow don't go into production is absolute zero. Dozens more high-grade deposits the size of those in Patterson Lake Corridor will be needed to fuel the world's increasing demand for electricity that doesn't pollute the air but keeps like EV charging 24/7 no matter whether the sun shines or the wind blows.
How many new large uranium discoveries have been made in the past year? Explorers have had to scale back their operations due to low U3O8 prices and lack of investor interest. Limited exploration means fewer discoveries... which further tightens the spring underneath uranium prices.
Like you, I see those massive profit margins on the horizon. The longer uranium prices remain depressed, the bigger the spike in prices, and the more explosive the return for investors.
As was posted by another user on Twitter today... when a commodity is at the bottom and you feel like dumping your shares, that's exactly when you should be buying! Hard to do but for contrarians that is exactly the way to make the highest profits. The new ScotiaBank Commodity Cycle Status chart making the rounds yesterday and today is a great visual aid for uranium investors:
Even a novice investor who only knows "Buy Low Sell High" can see the upside vs downside risk for uranium right now. Never been more asymmetry than there is today. Fundamentals continue to strengthen almost daily, while McArthur River/Key Lake sit idle and Kazakhstan ISR mines see declining production as is typical of ISR mines where no new CAPEX is being invested to expand wellheads to keep production level.
It's why the bashers/trolls are so busy right now trying to convince investors to sell their shares... to them.
Keep up the great work Malcolm!
Good luck with your investments. ;-)
Malcolm2001 wrote: Quakes...why is it that others cannot see the writing on the wall for Uranium. These new plants are huge. Their Uranium consumption for the next 60 to 80 years must come from mined supply and almost all current mines are mined out in under 15 years. Dead right that is why CGN bought into FCU and the same reason they built Husab at enourmous cost. Un like most of the trolls here the Chinese think ahead. Both Triple R and Arrow will be producing mines and my hunch is they will be producing right at the time Uranium prices are rapidly increasing. That means massive profit margins for both mines and nice returns for the patient shareholder.
Great post thank you. Nice to get some facts.
Malcolm
quakes99 wrote:
This is why 's made $82M investment in 's Fission & signed production Off-take deal on the 140.6M lb "Triple R" deposit, aiming for 2025 mine start-up.
has 9 reactors under construction = 11GWe more grid power to fuel!