NYSEAM:UEC - Post by User
Comment by
GSTbay1060on Mar 23, 2024 1:09pm
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Post# 35948833
RE:Uranium Prices Have Tripled! 3 Must-Own Miners to Ride
RE:Uranium Prices Have Tripled! 3 Must-Own Miners to Ride hmmm let's see?
one holds a basket of Uranium stocks and UEC is in that mix. This type of investment spreads the risk over the portfolio. There is little work needed you are buying a managed portfolio.
Second a company that will be requiring huge amounts of cash or issuing shares before the mine will come online. Earliest would be 2030.. But it will eventually be one of the biggest. Just lots of unknowns that will have to be overcome.
third the second biggest producer in the world. Hedged to the current price with lots of legacy contracts. They are well protected for a down turn in the Uranium price. But they will not capitalize on the upside if the Uranium price goes above $140..
all of these have pluses and minuses. It all depends on your risk tolerance.
glta
dyodd