I watched a youtube interview done in the last week with some young Aussie guys and Rick Rule.
At the end, they threw some questions at him.
What stock was under valued.
His answer was Nexgen.
The reason he said was along the lines of.
Its massive deposit of Uranium meant it could lock in sales for years and years ahead.
Note: For financing, Nuclear Reactor builders must have security of supply lined up for years, utilities need security of supply for years.
So mines with incredible assets of Uranium are in a position to contract ahead, guaranteeing themselves sales and future financial security.
My Take
Bodes well for TOE
MASSIVE DEPOSITS MATTER
Especially in countries like AUSTRALIA
RR also put the spotlight on
Australia being unique in the world having . The assets, scientists, geography, work force, politics to be the place for everything URANIUM & NUCLEAR
But held back by blinkered politicians..
Note:
The CSIRO report about costs apparently used 6 yr old info about a particular SMR that was shelved because it was going to be too expensive
As their case
To support
Nuclear being too expensive.
They consulted with no nuclear experts or industry personnel..
Reminds me of Pharma co’s
That conduct trials globally on some drug, that have poor results globally except in some little village, so they ditch all the global data except the village
and come out claiming the trials and research say the drug is safe and works
Pick the bit that suits your stance.
I watched the CSIRO guy interviewed about their report. All I could think was ABC lefty type with an agenda.
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