PDN 2.88% $10.45 paladin energy ltd

We do know some. Sprott is holding 63 million lbs of uranium....

  1. 399 Posts.
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    We do know some.

    https://hotcopper.com.au/data/attachments/5891/5891247-2e776f070599549b271c7624f3a1f1c5.jpg

    Sprott is holding 63 million lbs of uranium.
    For comparison : Cameco is producing some 2.5 years of uranium per year.
    So Sprott is holding 2.5 years of cameco production.

    That by itself should influence the demand-supply picture and drive up prices.
    Basically Sprott is a big extra source of demand.


 
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