Warren Irwin For his part, Warren Irwin, president and chief investment officer at Rosseau Asset Management, expressed strong concern about the number of projects coming to market given the price conditions for uranium.
The expert warned of hype in the sector and suggested that investors monitor demand for uranium. He pointed out that it takes time for nuclear reactors to come online, meaning they won't become consumers quickly.
“I think right now we’re in the wishful thinking stage where everybody wants the uranium market to run. The whole mining sector is turning here, and there’s a lot of people hyped up about uranium. I don’t share that enthusiasm,” Irwin said.