a real value for aura and the rest of the space some educated players are predicting $150lb as a standard contract price forward looking one US miner went on to say that his pounds when he produces will not be looking for contracts but sell into the spot market where he thinks prices will be stronger
looking at the recent lithium bubble miners that where trading at single to double digit millions market caps in 2020 Increased in value to multiple billions by 2022 the spud in the same time went from under $500 to $6000 about a 12x in the 2 years and is back to under $1000 and some miners came off to the tune of 90% from there peak and talk is some are going to c&m the lithium demand was based on expectations ? that everyone was going to drive electric not happening in Africa Asia or India plus the grid can’t handle it now having issues with fire etc and the battery technology was always going to advance
uranium totally different the current demand is running in deficit to the current supply and the deficit was filled by the spot market for years which has now depleted all secondary and any stockpiles and on top you had sputt who took millions of pounds
BHP and China who where sellers in the spot for years are pulling the pin China has turned into a aggressive buyer buying all uranium it can get his hands on not only for his reactor growth but wanting to be a leader in the SMR technology to build and supply to the new owners
fuel buyers where on a good wicket for many years any deficit was available in the spot which kept uranium prices low for over ten years no interest for any uranium mining no new production no new discoveries and now the latest the 2 biggest suppliers kap and cameco having issues to deliver on there contract supply which only indicates they are getting depleted and the biggest issue is with fuel buyers for the west which is where the majority is needed currently why the U.S. is backpedaling on cutting off east supply
the demand for uranium is only going one way and the next few years can be very explosive for space reactor growth carbon zero agenda physical investment supply shortage east and west separation safe jurisdiction it goes on
Aura has Tiris a very nice cake but Haggen is the icing
imo
AEE Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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