NYSEAM:UEC - Post by User
Comment by
ReactorOPon Feb 06, 2024 4:58pm
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Post# 35866247
RE:UEC
RE:UECSPUT’s value is based on the value of Uranium in barrels in a warehouse. UEC’s value is based on the value of its Uranium in the ground minus the cost to extract it plus all the other values associated with its mining equipment, expertise, and potential production at its US projects. At the present spot price it’s value should be north of 18$. If you think Uranium spot is overpriced where exactly do you think the Uranium required to depress the the price is going to come from? There really is not enough and that is confirmed by Trade tech and Uxc plus a myriad of investment houses. It seems like such a simple and compelling scenario . Do you know something nobody else knows? I think utilities are headed for a somewhat disastrous situation perhaps having to shutdown due to lack of fuel.