RE:Uranium is the #1 Commodity PickFCU has over 1 million lbs. of high grade uranium that is only 50 meters below the surface.
If in fact uranium will double from todays prices, FCU has one of the best risk/reward scenarios in the whole sector.
Uranium wrote: Interesting comments from Alissa Corcoran of Kopernik Global Investors on Uranium
By Aoyon Ashraf:
(Bloomberg) -- Uranium, which could double from current
prices, is the top pick among commodities for its long-term
supply and demand fundamentals, according to value investor
Kopernik Global Investors LLC.
* NOTE: Kopernik has about $3.3 billion in asset under
management and its Kopernik Global All-Cap Fund is up 23% YTD,
beating 97% of its peers, according to Bloomberg data
* The demand for uranium is still growing, and nuclear reactors
are still being built in developing countries to meet their
demand, Alissa Corcoran, director of research at Kopernik Global
Investors, said in an interview with Bloomberg
** She thinks uranium is one of the commodities that is much
further away from its incentive price (prices where producers
start to increase their supply)
** Corcoran estimates that uranium incentive price would be
somewhere between $60 and $90 per pound, providing much upside
from current price of around $32
** Notes Cameco as one of the top picks within the uranium
stocks