GREY:UEXCF - Post by User
Comment by
rovaniemiroveron Apr 27, 2020 10:45am
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Post# 30957297
RE:Numerco
RE:Numercothe front month futures price is indicating up another 20cents, or a price of $33.50/lb for u3o8. However, the share prices of companies in the industry are not reflecting this strong 2 week rise in price. This would suggest to me that without a substantial (5 million plus) pound purchase contract (3 to 5 years) by a U.S. utility in the price range of $50-$65 / pound, we're not going to see the meteoric rise in share prices of UEX, FCU, DML, NXE, EFR, URE, CCO, etc. This begs the question - how much u3o8 is actually out there for the utilities not to be worried about supply in the future, as no longer term contracts are being made?