Yes, having a quick look at the long term Uranium chart..
The late 70's boom, prices went up 14x trough to peak.
In the 2006 to 2008 boom, prices went up 12x.
You would say that the low point/start of this boom was circa $18.50
So if history repeats, we are talking a U price of $220 to $260.
I guess what I'm saying is that this still looks like fairly early days, and I would expect a lot of new interest and new capital into the space over the next 12 months..
We will almost certainly test that 59c resistance level from my chart above Monday given the recent news also, so all very exciting!
Yes, having a quick look at the long term Uranium chart..The...
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Last
52.5¢ |
Change
-0.005(0.94%) |
Mkt cap ! $161.9M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.5¢ | 51.0¢ | $279.3K | 539.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 5193 | 3 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
52.0¢ |
Change
-0.005 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| 52.0¢ | 52.0¢ | 51.0¢ | 184895 | ||
| Last updated 15.58pm 13/05/2024 ? | |||||
| EL8 (ASX) Chart |