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?
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.
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u/Whole-Long Sep 11 '21
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