Go read the book Capital Return by Marathon Asset Management, best Commodity traders over 30 years.
The answer lies there re: Uranium as the #1 Commodity.
2018 did not lie, it was already #1 for % growth.
Marginal cost is $70 for NPV Banks to Finance, so those with built mines in favourable jursidications that China wants (e.g. Namibia) will benefit.
The spot price of Uranium is irrevelent. Nothing is priced off it.
Contracts are already over $45 being offered by Utilities.
Good luck thinking it is going down ... the commodity is in a 40% deficit.
UBS have done some good work, with Glynn having it his best Commodity with price at $55 (today $28).
Tell me which ASX listed names your going to sell please ... so i can wait til the selling pressure is done please ...
Go read the book Capital Return by Marathon Asset Management,...
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