URANIUM 1.02% $24.70 uranium futures

U2......You cannot own "a substantial % of the world's known...

  1. 339 Posts.
    U2......You cannot own "a substantial % of the world's known Uranium resources" my friend.....
    It's almost immpossible for such an eventuation.....
    The reason is simple......Australia alone holds around 40% of the world's known Uranium resources......And we know that no company (except BHP, who owns the Olympic Dam- with 28% of the world's Uranium Res.) has bought or can buy a substantial % of that 40%.
    Now, add to that the Uranium known resources of Canada and you will have more than 2/3 of the World's Uranium Resources.....You see why it's almost immpossible for a company (outside BHP, I repeat) to own a substantial % of the world's known Uranium resources?
    Cheers:)
 
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