RE:Portfolio Update - Buy Fission Uranium 52 week highs, LOL! DML and NXE have been there done that and have taken out their 5 YEAR highs, and well on their way to setting new 5 year highs. JMO
Uranium wrote:
May 5, 2021
Portfolio Guidance Update - Gerardo del Real |
The uranium space is in the infant stages of what will be a historic bull run. Similar to copper but with fewer names to absorb the speculative capital.
Most of the names are off to the races as catalyst after catalyst continues to materialize. I wrote about those for weeks, months, years but they’re finally playing out in a very material way.
This morning the White House announced it supports taxpayer subsidies to keep existing nuclear facilities from closing.
The subsidies would be included in the administration’s multitrillion-dollar infrastructure proposal.
I’ve watched for pullbacks but few have pulled back for more than a day or two.
Which brings me to Fission Uranium (TSX: FCU)(OTCQX: FCUUF).
The company was on its way to 52-week highs when it announced a $30 million financing. A financing which provides a good entry point.
Fission Uranium is developing the high-grade, near-surface Triple R uranium deposit located in the renowned Athabasca Basin uranium district.
PLS hosts the longest mineralized trend in the district and the Triple R is the only existing major, high-grade deposit in the region found at shallow depth.
A pre-feasibility study shows the potential for the Triple R to be among the lowest-operating-cost uranium mines in the world.
That study pegs the after-tax NPV at C$1.56 billion. Current market cap is below C$400 million.
The daily headlines and multiple upcoming catalysts in the space along with the underperformance of Fission shares relative to value make Fission an excellent trade in the uranium space.
Buy Fission Uranium (TSX: FCU)(OTCQX: FCUUF)
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