RE:RE:RE:NEWSThis squawking back and forth between Nexgen fans and Fission fans is just ridiculous. How about Uranium stays at $ 30/LB for the next 5 years and then it will not matter because neither would be mined - EVER - because Nuclear Power Plants would be shut down in 2024 due to the lack of Uranium to run the plants. Cigar shut down, Cameco on fumes and even KAzak's on fumes.
Uranium at $ 30/LB in August of 2024 -anybody think so ???????? Don't think so. Both Nexgen and Fission LBS will be mined someday by somebody.
Big picture is World Economy is about $ 65 Trillion Dollars. Trillion. 100 % of current Uranium market is currently about $ 10 Billion. That is a very small % . Very few care except us shmucks on these boards who follow this and believe in Nuclear Power long term and believe Uranium someday will make a BIG move. At least I do.
How about owning both companies. HMMM? Bought some Nex at USD $ 0.48 and sold $ 2.20. Now back again for another run. Fission will hit $ 1.50 + in the future. Easily.
If this overall U sector share dumping moves into 2020, man oh man is this going to be fun
indeed. Need a bigger U truck.
Uranium at $ 32 LT at this time next year in 2020 ??? Unlikely but who knows. Although I must admit in August of 2018, did not believe we would be at this level in 2019. Patience is hard that is for sure.
MM