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re: Uranium>Silver
Posted on 11/23/21 at 6:40 am to molsusports
Posted on 11/23/21 at 6:40 am to molsusports
Thanks for sharing molsusports. That's a great read.
Sprott added another $2.2B in uranium power=half of global supply yesterday. Nothing, but good news as of late.
Sprott added another $2.2B in uranium power=half of global supply yesterday. Nothing, but good news as of late.
2
Posted on 11/23/21 at 7:07 am to Jmart0527
I read it once and I think you're right that it may take a few reads to digest all of that info. I'm taking advantage of this dip though. I think it's going to be short-lived and we're ready for the next leg up soon. I'm up to 1800 shares of Sprott, going to shoot for 2000 before the week is out.
Posted on 11/23/21 at 10:29 am to Jmart0527
quote:
Nothing, but good news as of late.
Those are my thoughts on the sector.
I do think there are going to be a lot of dud companies in the Uranium industry which never produce significant amounts of material in the next five years. Hell, Nexgen will be a massive producer but people who have listened to their presentations know the earliest year they have said they will produce is 2026.
But the industry is legit in a big way. People who spread around the risk and focus on production should do very well if they are patient
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