It’s even better than I suspected.
If You Haven’t…
This is going to be one of those “I show you a podcast episode that you should really watch, but I’ll give cliff notes if you’re lazy and you hate money” episodes.
But make sure you have caught the latest episode of the 10-Minute Contrarian Podcast first.
Then, make sure you’re getting your dose of Justin Huhn, the Uranium Insider. There’s nothing he doesn’t know.
There are people who follow him religiously and watch everything he says and does. This is probably not necessary.
But you need to be checking in with him sometimes. This was a good overview of where he is now and what’s been going on.
Notes:
- SPUT hasn’t been buying since APRIL??? Wow, I knew they weren’t buying these past couple of months, but since April, damn.
- “100,000 pounds is not a lot of Uranium”, correct. Remember this for the future if you ever hear something like it again.
- Cameco, Kazatomprom, and Orano have no Uranium to give for the next 4 years, possibly 5, yikes. Most other companies outside of China aren’t even mining it right now.
- “200 million pounds. Where are they going to get that? They’re going to have to come after the developers, and the price is going to have to be right”. Interpret that statement as you will. Hint: It’s mad bullish.
- 95 reactors in the next 5 years
- Talking about how there’s uranium in Arizona, yeah, there’s a lot of stuff below ground in Arizona. Watch this jurisdiction.
- If you’re worried about plants shutting down or pausing because the U cost is too high, don’t be. They were all buying back when it was at $134, which adjusted for inflation is $200 today.
- If the equities market crashes, yes, expect prices to fall. Is this really going to be your strategy though?
— VP