In the short term, when NU is listed, it will be hard to lose money on the investment given the overall performance in this sector.
"The ongoing unrest in Kazakhstan, where around 43% of the world’s uranium comes from, revolves around the doubling of gas prices for liquefied petroleum gas, or LPG, a low-carbon fuel that many Kazakhs use to power their cars.With the country being home to the world’s largest uranium producer, Kazatomprom, analysts are now predicting the political unrest could send uranium prices flying, with some expecting the spot price to hit $140."
Ann: Proposed IPO of Havilah's Uranium Assets, page-56
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