Well put Jack.

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29/08/24

20:14

Post #: 75442921
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Originally posted by Jack1960: ↑

I expect you are sincere in your analogy of lithium and uranium.

However, as @deco19 eloquently explained, the comparison is at best naive or at worst plain wrong.

l don't have the time to teach basics but your little illustration, one l have used for decades is not in context when used to explain a quite complex secular U3O8 supply deficiency.

lt is a better guide to the potential price trajectory of the Magnificent 7 which more closely reflects bubble like investor behaviour.

With over 50 nuclear reactors currently approved for development, half of which are in China and likely to get completed with 7 years, this is a good old fashioned demand supply mismatch of a global scale.

Unlike a light switch, the many mines closed into the nuclear freeze will take years to ramp up back into production. Meanwhile many planned US reactor shut downs are being deferred and reactor life extended.

l have said before and will repeat again now, l am not here for what happens to the Boss share price in the next 3 months. I am here for the next 3 years and beyond if l am still living.

PDN took 11 years in the naughties to reach 100x and iits share price fell by over 50% more than once along the way. I was there for a big part of that bull and this in me looks similar, but different.

I added to all my uranium favourites today. They are essentially all free carry. Although most posters may be in a different situation the fundamentals of the sector are the same for all of us who are believers.

Good luck to all. Block out the short term noise if you can, in my opinion. Don't lose sight of the fact that Boss is now a producer, with early mover advantage and low AISC.

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Well put Jack.

BOE Price at posting: $2.78 Sentiment: Buy Disclosure: Held
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