May go down to $30 for all we know, but it doesn't matter. Investing in uranium is a long-term proposition. Only a minority of people make a fortune in the market, and more often than not by deliberately acting against the prevailing sentiment.
The fundamentals are strong, but market psychology is not quite there yet. This will change in time, like all things eventually do.
Never forget that "of the ten largest uranium mines in the world (Mc Arthur River, Ranger, Rossing, Kraznokamensk, Olympic Dam, Rabbit Lake, Akouta, Arlit, Beverly, and McClean Lake), by 2020, six will be depleted, two will be in their final stages, one will be upgrading and one will be producing."
2012 was the worst year ever for, page-20
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$24.70 |
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