nexgen is the next uranium mine to come onstream in the next 300...

nexgen is the next uranium mine to come onstream in the next 300 -600 days.. probably the only one also. and it will dominate the sector.

i effectively only have one stock now.. this one, all my super, all my personal and all my business holdings are here.. the other 50% is in crypto..

sprott just went ape, and is now at 3.5 billion in the trust as announce in the last 24 hours




“We continue to experience strong investor demand for units of the Sprott Physical Uranium Trust on growing recognition that nuclear power generates reliable baseload energy while helping to meet de-carbonization goals,” said John Ciampaglia, CEO of Sprott Asset Management.
“Since launching the At-the Market offering, SPUT has issued 87 million Units for gross proceeds of approximately US$987 million, which has resulted in the purchase of 21.5 million pounds of U3O8. SPUT now holds approximately 40 million pounds of physical uranium on behalf of our clients.”
Translation: similar to the Hunts cornering silver in 1980 but only using their own, in-house capital, Sprott is doing the same in uranium right now, only instead of using the firm's limited funds, Sprott has opened up the cornering attempt to anyone and everyone who wishes to participate in this perfectly legal scheme, thus effectively giving the fund unlimited buying power if enough people decide to participate.
Finally, for those who missed the original uranium thesis, here are the highlights
Sprott Physical Uranium Trust commonly known as SPUT (SRUUF– Canada), is the entity that has upended the uranium market. Since launching its ATM 13 days ago, it has acquired 2.7 million pounds of uranium. This is an average daily rate in excess of 200,000 pounds or roughly a third of global production on an annual basis. If GBTC is the roadmap to follow, as the price of uranium begins to appreciate, the inflows into the trust should accelerate. Interestingly, there are plenty of other entities also purchasing physical uranium, uranium that utilities were counting on for their future needs. The squeeze is on.
As expected, the utilities are blissfully unaware. Surprised?? I’m not. Utilities are quasi-governmental agencies, managed by the types of fukwits who’d work at your local DMV, except they enjoy stock options. The fact that they’ve ignored the coming squeeze shouldn’t be surprising. Inevitably, they’ll demand rate increases to buy back this uranium–it’s not their money anyway. This is your bid at some point in the future.
Commodities are determined by supply and demand. Uranium is a small market at roughly $6.3 billion in annual consumption (180 million pounds at $35/lb). SPUT has raised approximately $85 million in the 13 days since the ATM went live. It’s hoovering up supply and is already struggling to procure pounds, as shown by their increasing cash balance—cash that they’re legally forced to spend. Something is going to give here, and I suspect it’s the price of uranium.
Since then, the price of uranium has indeed given, and the sector continues to surge higher in what may be one of the best risk-return trades available today.

anyone not carrying U stocks is insane...and anyone not understanding the upside of Nexgen when uranium rockets past its ATH and then goes parabolic... this share will be mindblowing... enjoy the ride...