Uranium value cycle?, page-2

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ura_bull

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07/06/21

07:59

Post #: 53682476
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Originally posted by MarkHGO ↑

How far away is hyperbolic? it's approx. 14 years sine the last exceptional peak, I agree that was an absolute outlier, now consider the inflationary costs since & environmental urgency - appears time is on our side ?

2016 we appear to have bottomed @ approx. US$20

2021 we are @ approx. US$31.50

approx. 50% increase from a very low base & the World may be moving on:

Govt's allocating funding to extend lifespan of current reactors
Environmental guru's sounding the alarm that we need Nuclear Power to minimise global emissions (renewables just can't do it alone?)
Mini reactors being developed for mid-sized towns
Covid restricting current supply
Australia potentially a preferred source of supply due to political stability (perhaps suffers too much indecision?)

After Chernobyl & Fukashima, uranium appears to have been clobbered excessively? certainly when compared to supply costs - improved engineering, better safeguards & reactor locality will likely offer civilisation its salvation?

As Govt's take on board the science, the inability of renewables to maintain reliable energy supply, it appears that the World is yet to recognise widely, the cost of managing renewable waste, some are legislating (not sure how well this is or can be actioned/policed).

The Uranium journey this time round appears to have some time to run, plenty of reactors currently being built, others having their lives extended, Govt's starting to reconsider what uranium power generation will likely mean for human kind!

The uranium story this time round, appears to have some good foundations supporting increasing demand!?

Perhaps US$60-US$70 is quiet reasonable, considering today's urgency to enlist nuclear power?

Expand

$60-70 is the minimum required to incentivise enough production to meet demand (and that doesn't really factor in the deficits the mount year on year at current production levels)

VMY Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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Uranium value cycle?, page-2

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