RE:RE:News ArticleWhether you own FCU, NXE or any of the discoveries in Athabaska you will do well when this dam breaks.
I am always surprised by many of the posters here who watch the share price as the indicator of market sentiment and therefore the future value of their investment. Stock price and market sentiment are always the lagging indicators. They are measuring water levels before the dam breaks. What you should be doing as a competent investor is try to determine what the water level (stock price) will be AFTER the dam breaks.
The current situation is completely unsustainable for any industry and especially the Uranium business so we know the pressure is building behind that dam and sooner or later it will give. I do not know when but with rising demand and falling supply inventories must be decreasing at a substantial rate. It is just a matter of time before the inventories are depleted and buyers will be forced to buy or shutdown their plants.
From my own research and comparing estimated inventories now to inventories the last time this happened we are already at less inventory than before....with the exception of Japan.
In my view the stage is being set for the mother of all Uranium bull markets. So taking my time to buy the bargains and add to my positions.
Patience is what you need that is all.
Malcolm
Troyahorse wrote: Just the FCU portion of the article
Nuclear power is an important source of electricity generation. According to data provided by the U.S. Department of Commerce, the global civil nuclear market is projected to be valued between $500 and $740 billion over the next 10 years (by 2026) and to have the potential to generate more than $100 billion in U.S. exports and create thousands of new jobs. In addition, a research report by the World Nuclear Association specifies that Mainland China has 36 nuclear power reactors in operation, 21 under construction, and more about to start construction. The upcoming reactors are expected to be the world's most advanced, designed to double nuclear capacity to at least 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050. The high growth of nuclear power in China is largely due to air pollution from coal-fired plants. Anfield Energy Inc. (OTC: ANLDF), Energy Fuels Inc. (NYSE: UUUU), Uranium Energy Corp. (NYSE: UEC), Fission Uranium Corp. (OTC: FCUUF), NexGen Energy Ltd. (NYSE: NXE)
Uranium is a non-renewable energy source that cannot be replenished in a short period of time. A research report published by Mordor Intelligence indicates that once uranium is extracted, it should be sent to processing facility where the ore is processed into enriched fuel in the form of fine pellets, which is then transported to the power plant. "The USA is the world's largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity... Ever growing energy demand, need for clean energy generation and governments initiatives towards achieving energy security are some of the factors which are expected to drive the market growth," the report explains
Fission Uranium Corp. (OTCQX: FCUUF) is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the class-leading Triple R uranium deposit - and is headquartered in Kelowna, British Columbia. On May 10, 2018, the company announced assay results from all eight winter program holes drilled on the R1515W zone at its PLS property, in Canada\'s Athabasca Basin region. These include six holes with high-grade intervals, of particular note is hole PLS18-571 (line 1560W), which returned 94.5m of total composite mineralization including multiple high-grade intervals such as 5.0m @ 7.14% U3O8in 18.0m @ 2.44% U3O8 and 3.0m @ 5.98% U3O8 in 10.50m @ 1.97% U3O8. Importantly, these holes have better defined and expanded the known mineralized outline over 60m of strike length between lines 1560W to 1500W