Some will suggest the Uranium train false started.. and it probably has for a few who bought recent highs, however the beginning of Sprott ATM purchases last week has already reversed the downtrend in commodities just 3 days.
I'm predicting a frenzy as institutions realise (if not already) they can buy up shares in U stocks.. then buy into the Sprott Trust and force them to buy uranium off the spot market.
It's simply the perfect storm.
The best bit is August is traditionally the slowest purchasing time on the spot market so once every other buyer comes back to market , my god it will be interesting.
LOT has a fully functional mine, all permits and one of if not the lowest restart CAPEX at $50M.
It's sunk costs are over 300M , so it's below asset pricing.
