The fundamentals of uranium are improving and slowly building momentum.
Against the backdrop of prices for oil, iron ore, coal and base metals continuing to collapse, uranium is consolidating and posting modest gains - in trader terms, forming a base.
Unlike most commodities which have seen massive over-investment in capacity whilst prices were high, new uranium capacity has been very sluggish, against a backdrop of improving demand outlook.
Uranium prices are $39.75 and my nominal price target of US$50/lb in coming months should provide excellent returns for those that get into the right companies early.
The fundamentals of uranium are improving and slowly building...
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