Uranium spot vs price of miners, page-9

  1. 6,436 Posts.
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    Isatas - by definition if PDN went 23c to 42c and uranium spot went $28 to $45, then PDN outperformed on a % basis.

    though havign said that Im only saying pdn bottom was 23c is out of memory - pretty sure i recall seeing it at that level. certainly I saw it hit 27c.

    i never said it should be an equal relationship. stocks are typically logarithmic in relationship to commodity price.

    the fact pdn;s % gain is almost identical to commodicty is just chance.
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