OTCQB:UEXCF - Post by User
Post by
MegaMAxTZon Apr 30, 2021 10:58am
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Post# 33100994
Uranium at $ 200/LB - What Happens then ??
Uranium at $ 200/LB - What Happens then ?? More chit chat on the boards about Uranium easily exceeding $ 100/LB and possibly sustained at close to $ 200/LB for a few years.
What the F... happens if that happens ? UEX at only $ 1.00 per - do not think so. WIth the latest UEX move and with Denison, there will be income............. And now 200 Million LBS in the GRD - yes 200 because Shea Creek has only scratched the surface...........
And what happens if the market cap of the entire U market sector exceeds $ 100 Billion which it will quite easily as it did the last time in 2007 . The whole economy is much bigger and electrification of transportation is not only underway - but mandated.
$ 160/LB and 200,000,000 LBS of U per year is $ 32 Billion/YR. A $ 500 Billion Uranium market is not crazy in a global $ 75 Trillion dollar economy.
Anybody think about how much electricity will be needed to generate power for almost every single car, truck, bus, around the world............... Wind - Solar really please ?? Important of course but let's be realistic this is not a game but the real deal. World needs steady constant 24/7 power. Fortunately Ontario has gone Nuclear but what if they did not ? Those ugly ugly windmills along Highway 402 sometimes do not move for days. And Ontario has 14 day periods with ZERO sunshine - what then ?? Many oarts of the world in the same boat.
Coal is out, Natural gas still around for a few decades but Nuclear is it.
$ 100/LB is not crazy but very likely to happen and be sustained this time around for a much longer period of time. $ 6.25/oz. That's it. A lousy 6 bucks an ounce. $ 10 bucks an ounce is still nothing - nada - $ 160/LB. next question.
UEX at $ 1.00 per. Do not think so. Much much higher this time around.
MM