spot price not a great indicator

  1. 1,534 Posts.
    I was watching FOX Business today and their special report on dirty soil.

    One of the people inverviewed said the long term contract price on Uranium is 95USD a pound and spot price is normally used for when producers have oversupply and buyers have a small short fall in stocks.

    Long term mining in Australia in Uranium is expected to double in Ten Years.

    Problems with WA and QLD governments make UXA a Co with a head start on production.

    In other words UXA is long term so I better use this one for my super and buy on the dips.
 
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