Post by
lithomon on Sep 14, 2021 1:19am
Uranium and Little Rocket Man
Right you are.....Rocket man launches "banned" strategic Long Range test cruise missiles potentially nuclear capability (overnight operation).
Sprott Uranium Trust Units steps into the Uranium market ahead of the curve buying up Uranium, mostly U3O8.
Thus, high grade producer Cameco soaring in recent days and going a lot higher.
New Uranium mines (i.e. Global Atomic) with mining permit in hand for go-ahead construction in low cost jurisdiction likely to get fast-tracked. GLO in debt free position in 90 days which includes full re-payment of its Joint Venture Capex resulting in several fold increase of Zinc concentrate production to smelters and strong EBITDA .
In the meantime, the utilities are likely to find themselves short of Uranium.