I was interested to hear your views on Energy Fuels, which is the second largest holding in my portfolio. I agree it’s a misunderstood company as most people who invest in Uranium seem to be looking at ‘pure play’ U companies.
Just a couple of observations. Although you touched on energy security, I don’t think the bifurcation (or arguably, the trifurcation) of uranium supply was taken into account in the explanation of your thesis. Also the cost comparison of wind, solar and nuclear isn’t valid (your comparing apples and oranges) because you can’t run an electrical grid on pure wind / solar. Nuclear is the only green base load option - this is worth a listen https://podcasts.apple.com/gb/podcast/sprott-radio/id1552721685?i=1000659418796
Lastly, the price of U is not reflected by the spot price. Energy Fuels have agreed contracts at a price of $100. Nexgen have recently signed contracts with US utilities at varying price points — ranging from US$80 to US$175 per pound.
The above are observations, not criticisms and I want you to know I appreciate both your analysis and the fact you share your research.
If you fancy dipping your toe still further in the U company pond, suggest you check out District Metals (DMX). Lots of research available on the company and uranium in general on the DMX thread on CEO.CA
OB. I really think it would be worth you looking at Helix Exploration. I’m certain you’re already aware of their progress. IPO last year and looking like they will move from Helium Exploration to production in Q2 2025. IMO that’s mighty impressive and SP undervalued imo. Recent RNS confirms this. Awaiting revised reserves and financials that I’m certain will be better than originally projected. Might be worth getting on OB watchlist as I feel this is going to be a winner this year and multibagger. Thoughts ?
https://www.reuters.com/markets/commodities/energy-fuels-navajo-nation-sign-uranium-ore-transport-agreement-2025-01-29/
I was interested to hear your views on Energy Fuels, which is the second largest holding in my portfolio. I agree it’s a misunderstood company as most people who invest in Uranium seem to be looking at ‘pure play’ U companies.
Just a couple of observations. Although you touched on energy security, I don’t think the bifurcation (or arguably, the trifurcation) of uranium supply was taken into account in the explanation of your thesis. Also the cost comparison of wind, solar and nuclear isn’t valid (your comparing apples and oranges) because you can’t run an electrical grid on pure wind / solar. Nuclear is the only green base load option - this is worth a listen https://podcasts.apple.com/gb/podcast/sprott-radio/id1552721685?i=1000659418796
Lastly, the price of U is not reflected by the spot price. Energy Fuels have agreed contracts at a price of $100. Nexgen have recently signed contracts with US utilities at varying price points — ranging from US$80 to US$175 per pound.
The above are observations, not criticisms and I want you to know I appreciate both your analysis and the fact you share your research.
If you fancy dipping your toe still further in the U company pond, suggest you check out District Metals (DMX). Lots of research available on the company and uranium in general on the DMX thread on CEO.CA
Regards
Steve
OB. I really think it would be worth you looking at Helix Exploration. I’m certain you’re already aware of their progress. IPO last year and looking like they will move from Helium Exploration to production in Q2 2025. IMO that’s mighty impressive and SP undervalued imo. Recent RNS confirms this. Awaiting revised reserves and financials that I’m certain will be better than originally projected. Might be worth getting on OB watchlist as I feel this is going to be a winner this year and multibagger. Thoughts ?