The Uranium Spot won't stay still much longer. Once July, the EU Taxonomy will start to get further certainty with Nuclear being added.. and now the Uranium Reserve by the US, plus then the likely 2022 Nuclear Plant restarts in Japan.
Basically you would want as much exposure to Uranium as possible .... so no better way than an IPO (brownfield tenement) (which worked out whilst prices were ~$40lb U-Spot) ..... and let's assume the share price is "flat" or declines, well all the better for accumulation. The aim would be to obtain a JORC resource .... and see how the market responds then when it is at the long-term uranium price (~$70lb --> $80lb, the chance of overshooting remains high).
But the reality is there isn't enough listed companies for the amount of Capital that is going to be flowing in to the sector; it's all restricted by geology. EPM has the right geology.
EPM Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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