It's good looking back at the PDN share price and historical uranium prices. It started climbing and went up over 60 dollars per pound in 2007 and the share price went over 8 dollars.
Cons, there are more shares on issue now and probably more mines sitting there waiting to turn production back on.
Pros, there is probably more awareness of climate change today and more nuclear power stations under construction. It would be good to look at power consumption per person now compared to 2007.
From what I understand uranium makes up a small percentage of the overall cost of nuclear power, a doubling would be easily absorbed unlike coal or gas.
Definitely think this one has potential.
PDN Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
