Perhaps. Time will tell. What I've learned is that there is plenty of uranium out there. Don't forget that it's a byproduct of other forms on mining too. The bottleneck is refining and enriching it.
Believe me when I say that I would like to see nuclear reactors replacing coal at a fast pace. But so far that's not really happening (yet). Maybe it will. But in the short term, let's face it: all that's happening is one buyer cornering the market. If they get caught out by a broad market correction (which is looking more likely day by day re: Evergrande) then will Sprott simply book mark-to-market losses or be forced to dump by their investors? It's a very speculative play right now, not a fundamental one.
PDN Price at posting:
87.0¢ Sentiment: None Disclosure: Not Held
