Yes correct @wrongsidetrader that's my logic and rough calcs based on $70/lb sale price (not spot price, contract or sale price is historically 26% above spot price and this premium could increase), and historical mining PE of 10-15. Remembering too that when the market gets hot PE's might rise well above 10-15.
Regarding Sprott entering the Uranium Market via a physical trust which is buying lbs on market this can only be a good thing as it will certainly be a further drain on supply and tighten the market. The big utilities companies will probably already be a little worried how this might play out and could start buying stock earlier than previously planned. So overall a very good impact to both price and timing.
Uranium News, page-218
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| Open | High | Low | Value | Volume |
| $4.40 | $4.54 | $4.40 | $15.57M | 3.472M |
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| No. | Vol. | Price($) |
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| 7 | 27770 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.51 | 2859 | 1 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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| $4.41 | $4.54 | $4.40 | 594715 | ||
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