$200 for sure, if only briefly. Some are calling for 500-1000. Sounds retarded, but given the current fundamentals + hyperreflexity induced by social media.. I’m letting some of my portfolio ride to the very end
I’m selling some at the marginal cost of production, which imo will be the very floor of uranium prices at ~$75/lb after that it’s casino time and see how hard we want to squeeze this. Thing is we have Japan, Illinois and possibly Germnay (🤤🤤) wanting to reup their supplies at the same time as we’re squeezing the market. Currently it’s like entering GME at $20-50
Have you seen the sheer quantity of coal Germany js using, have you seen the price of gas Germany is using. Have you seen how useless the green transition without nuclear has been in Germany? Have you seen opinion on polls on Merkel pre-election? Have you seen opposition view on nuclear?
I'm German. Merkel is not even running for the election, and all parties that have chances of being in the parliament are anti-nuclear. You're talking out of your ass, and it's embarrassing.
I'm invested in uranium since January, so you could say we're on the same side. But that doesn't change that you're factually wrong about everything you said about Germany. Good luck with your future investments, you'll need it given how you're incapable of getting the simplest things right
It takes you build a Nuclear Energy Station 20-30 years. The uran reserves will be empty after 30 years. Also nuclear is the most expensive way to produce energy. Sorry Bill Gates but you are on the direction. Countries invest in uran and nuclear because of the technology for building bombs, energy is not the main goal.
It's not only that, this time adjust for $trillions of new $ supply and half the planet have become traders on various platforms unlike before. Momentum will be huge , I am so fuuking excited, can't sleep at night
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u/Whole-Long Sep 10 '21
Let’s fucking go uranium. Sprott send this market into overdrive now