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.
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$11.82 |
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Mkt cap ! $3.535B |
Open | High | Low | Value | Volume |
$12.05 | $12.05 | $11.78 | $14.39M | 1.211M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11392 | $11.81 |
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Price($) | Vol. | No. |
---|---|---|
$11.85 | 886 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 10661 | 11.810 |
4 | 2760 | 11.800 |
1 | 31953 | 11.790 |
1 | 9661 | 11.780 |
2 | 2954 | 11.770 |
Price($) | Vol. | No. |
---|---|---|
11.900 | 3000 | 1 |
11.920 | 300 | 1 |
11.950 | 9661 | 1 |
11.960 | 4800 | 2 |
11.970 | 11531 | 4 |
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