OTCQB:UEXCF - Post by User
Post by
MegaMAxTZon Nov 19, 2020 3:40pm
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Post# 31934784
How Many True Uranium Pure Play Investors Left ??
How Many True Uranium Pure Play Investors Left ??Looks like a number of U investors have finally given up - including a number who I recommended but did not have the patience to stay the course.
Spot flat heading into the last 6 weeks of the year but Spot LBS do not really exist in any quantity. Lights are staying on so I suppose Nuclear Power Plants are going to still be operating for the next few years.
And I guess they will just have to live with paying a lot more money for Uranium to keep them humming. What do they care - makes no difference to their operating costs.
So what if it costs $ 3.35 Million for a U T/L at $ 80/LB ? VS $ 1.68 Million for a T/L at $ 40/LB. What is an extra 1 and a half Mil in a Billion + dollar plant.
Just us chumps in the weeds looking at Uranium companies about to go ballistic when over $ 20 Billion dollars or more of mainstream money tries to stuff themselves into this handful of U companies with Supply deficits growing each and every day. We shall see but looks pretty good going into 2021.
MM