Uranium Participation Corp (UPC) won't start influencing the uranium spot price until they're listed on the NYSE. Mr Rick Rule one of Sprott's board members said he expects UPC rebranded as "Sprott Physical Uranium Trust" NYSE listing to take place WITHIN 12 months but most would say he's being very coy/conservative and expect the NYSE listing before the end of September quarter. An important note is Sprott are changing this new physical uranium investment vehicle to a Trust, which has spin off tax advantages for US investors. This will only increase its attractiveness to Sprott's 220,000 investors who already invest in their gold and silver physical products.
BOE leading the way today out of all ASX uranium stocks with +12.12%. Things are ONLY JUST warming up, this market is about to get swamped with investor funds from every level, JMO Back Up the Truck.
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