Hey Manhattanites!
Check this chart of the U308 spot price*:
The spot price for uranium, vital for fueling nuclear reactors, climbed to just over $103/pound on Monday, a level not seen since 2007, according to a chart from Numerco, a U.K.-based spot price for uranium. That follows a roughly 90% price gain for the metal in 2023 in a market that has struggled to keep up with fresh demand.$US103/pound converts to $A156/pound!!@M Sugar What would that value MHC's Inferred Resource?
I think MHC should be proceeding to the next stage of defining what U resources it has ie Indicated Resources.
*The above chart was extracted from a MarketWatch article:
https://www.marketwatch.com/story/the-squeeze-is-on-uranium-prices-hit-new-record-and-industry-watchers-see-further-to-go-54f9d7c8An excellent article outlining the driving factors behind U308 price surge, well worth reading. It outlines the coming shortage of supply which will be exacerbated by a looming ban on Russian fuel services by the U.S., with the Senate just a vote away from pushing that through. Ultimately, Russia could retaliate with a ban on exports rather than accept a phase out by 2028 in that legislation. “An immediate ban would have more serious consequences, likely squeezing prices throughout the nuclear fuel chain,”As JFK famously said “a rising tide lifts all boats,” I'm hoping this will apply to MHC's share price.
GLTA
- Forums
- ASX - By Stock
- MHC
- Ann: Ponton Uranium Project
Ann: Ponton Uranium Project, page-171
-
- There are more pages in this discussion • 129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.874M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 107743679 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 5402110 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14450 | 0.005 |
1 | 500000 | 0.002 |
34 | 105243679 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 5402110 | 7 |
0.003 | 30559214 | 24 |
0.004 | 7224683 | 5 |
0.005 | 7700000 | 4 |
0.006 | 2064298 | 4 |
Last trade - 16.12pm 29/05/2024 (20 minute delay) ? |
Featured News
MHC (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online