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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@SlmjrHaha. I wonder how high $UUUU will run up in a bull market. Looks like it was 100x in 2006 unless I am looking at it wrong.
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@Excelsior@Slmjr - There was a a 50:1 split a few years back in $UUUU on Nov 5, 2013. However, it also did run up many multiple fold in the last cycle, so things are just beginning their ascent.
In the longer term this initial rally from the end of last year until present in the #Uranium miners is just a blip compared to where things will be headed when spot price is back up in the $50-$60 + area. There may be a few speedbumps and detours, but overall it should be a worthwhile journey.
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@nicholaslepan#Oil US$55.7/bbl vs US$55.8/bbl yesterday
Natural Gas US$2.946/mmbtu vs US$2.920/mmbtu yesterday
#Uranium US$25.90/lb vs US$26.75/lb yesterday
@MiningBookGuy@bullmarketmove - forgot to comment on your recent posts. can't wait for the #RickRule interview! the last 2 were fantastic :)
also, great call/exposure you provided to $GXU. will be interesting to see Rick's comments on this one...I missed buying it so far. but very interested to see if they get the timing just right to turn this into a #uranium mine when the 'uranium bull' is (likely) full strength in a few years!
@RulingminingGreenland Minerals $GGG.AX$GDLNF#uranium#zinc$NXE has a stated 202 mil pounds of uranium. I think most people in Nexgen believe there will be 400-500 mil pounds in the upcoming RE. $NXE has a $1.2 bil MC.
Greenland Minerals has 593 million pounds of uranium. Their uranium however is only a by product of the #RareEarth resource of over 11 million tonnes.
And there are 2.25 million tonnes of Zinc.
The resources are near a town and power.
There is a year round port.
And an airport 35km away.
Recently the URA ETF increased it's holding to 8% of $GGG.AX
Projected financing costs are $832 Mil, 5 year payback, 43.4% IRR, Project Value of $1.59 billion. This is for the Kvanefjeld project.
I believe open pit. The Kvanefjeld resource mostly outcrops and sits within 250 m of ground surface, with a low waste/ore ratio.
They have a 43-101 on this project.
They also have 3 other potential projects,
@Lukester599@Rulingmining - I've been wanting to pick up some $GDNLF$GGG.AX for a month or two but extremely wary of chasing it. For someone wanting to establish an initial small position and not to fussy about nickels and dimes (eye on the 3 year outlook), what do you think is a realistic entry price? Surely it makes sense to wait for a pullback? Although as you point out it's valuation is still peanuts.
@nicholaslepanThe World Nuclear Association reference scenario projects world uranium demand as about 65,220 tU in 2016. Due to the absence of Japanese consumption in the last couple of years and low prices there has been some stockpile build-up over 2013-16, which will come in as secondary supply in the next few years. Here are some mines expected to come into production soon: Husab in Namibia (280 million tonnes of uranium ore. Mining is expected to last nearly 20 years), Salamanca in Spain 2017, ten year period the project is capable of producing an average of 4.4 million pounds of uranium per year at a cash cost of US$13.30 per pound and a total cash cost of US$15.06 per pound during steady state operations $BKE.L), Temrezli in Turkey, 2018, $URRE, Mkuju River in Tanzania - Uranium One, Mulga Rock - 2019 - Australia - Vimy Resources $VMY.AX . #uranium
@nicholaslepanFT Consensus Recommendation for $CCO Cameco: As of Feb 14, 2017, the consensus forecast amongst 14 polled investment analysts covering Cameco Corp advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Oct 09, 2014. The previous consensus forecast advised investors to hold their position in Cameco Corp. 1 analysts has a buy rating, 6 outperform and 7 hold. The 13 analysts offering 12 month price targets for Cameco Corp have a median target of 15.95, with a high estimate of 21.00 and a low estimate of 13.50. The median estimate represents a 2.84% increase from the last price of 15.51. $CCO is currently trading down 12 cents to $15.39 on 1.565 million shares. #uranium
@mtlzoom#uranium is hot commodity all over the world. For example, India will soon create additional reactors in order to push clean energy agenda. The energy produced covers only 3% of their needs. In short term they are expending to 20%. Guess where they are getting the uranium from? :)
@jhmThe Murky Future of Nuclear Power in the United States: "the United States could lose considerable influence over standards governing safety and waste management, nuclear experts say. And the world may show less willingness to move toward potentially safer designs. [...] In the meantime, the main stage for nuclear development will move overseas to places like China, Russia, India, Korea and a handful of countries in the Middle East, where Westinghouse will have to find partners to build its designs." https://www.nytimes.com/2017/02/18/business/energy-environment/nuclear-power-westinghouse-toshiba.html
@Lukester599Good comment @Barracuda. I believe the same thing. This rally has been dangerous (as well as highly profitable to traders, which I am not), because it was not underpinned by any real substantive strengthening of demand. So due to the supply overhang it will revert to acting like a dead mackerel untill the whole underlying deficit explodes into investor visibility when the tide finally turns. But that tide turn ain't now.
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@Bimbeebop@Lukester599 The spot price reversed it's direction after dropping for as long as it did correct? Up 40% since December. That's substantive enough for me.
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@barracuda@Lukester599 One consideration is that the flat futures price for #uranium means that the uranium shares are probably mis-priced,, i.e. cheap. Why? Because those #uranium prices are obviously wrong. Futures curves are always wrong. If they were right, there would be NO price fluctuations. There is a strong possibility that the market is "off sides" in the #uranium stocks.