This is worth a read.... takes about 12 minutes.
http://www.resourceintelligence.net/...resources/7364
Printable View
This is worth a read.... takes about 12 minutes.
http://www.resourceintelligence.net/...resources/7364
well I reckon we won't see much price action this year IMHO but it will come an when it does $60 will be cheap too many new reactors to be built not enough mines of supply
Courtesy Daddy 2010 over on HC.....
For those relatively new investors wanting to find out more information about the uranium industry, producing countries, ore types and mining/extraction methods etc this is an very good read:
http://teabagmachine.blogr.com/stori...ranium-mining/
U308 dropping another $US0.75 this week, down to $US40.75/lb
Is Uranium now a contrarian buy?
There are forecast shortages coming up, especially due to the Cigar Lake drop in production & the current demand is being made up by old nuclear warheads. Yet there are so many new reactors in the process of being built that need new supply.
Most U308 offtake deals are done on longer contracted U308 prices (which would be closer to $US60/lb), but how much lower will U308 go, before it starts to turn.
In the Uranium sector i like ACB, PEN, FTE, & BMN - all at varying stages of development
Shasta,
It is a contrarian buy in my opinion, as any U sector investment will be a long term one. The U market is suppressed by existing stockpiles, existing offtake agreements and warhead decommisioning etc.
With focus on carbon emissions: nuclear is clean, reactors last longer and research and development is advancing in respect to waste usage (re-usable) etc.
With the low price of U the high capex/opex mines have been flushed out and In-situ Leaching has become popular to inc. profitability of resources and requires lower grades for extraction also.
So right now there are a few interesting prospects (which you seem to have found).
I am bullish on U long term but reports say there will be a lack of demand due to the aforementioned reasons (existing supply). But with more reactors and a hunger to be green...U will go up.
I also keep in mind that we are in volatile times and reactors are very expensive, there are plenty proposed but how many will get funded (Obama has allocated money (in a round about way) to help nuclear power develop).
I have PEN, a longtermer (definately of late :)), it is 18months from production, require licensing etc. yet PFS due soon.
Uranium is interesting and there are plenty of "bulls" out there.
Beer-o-clock!
Cheers
I see Uranium (U308) has had a ~10% rise last week, up to $US46.00/lb, first significant movement in a while
http://www.theaustralian.com.au/busi...-1225901616589
Uranium writing is on the wall
LAST month we had reports that China was to buy 5000 tonnes of uranium in 2010, double its needs - and Beijing building stockpiles.
Also, Reuters recently reported on China’s soaring consumption of electricity. In 1980, that country had 65 gigawatts of installed generating capacity. Last year, that had risen to 874GW. It shows the frantic pace of expansion that the generating capacity is forecast to reach 1500GW within the next 10 years.
But then look at the nuclear capacity. Just 9GW last year, 39GW expected by 2015 and 80GW by 2020. That is going to need a lot of uranium.
Which is useful background when noting a very brief announcement this morning from Paladin Energy. The company has signed a memorandum of understanding with China Guangdong Nuclear Power Holding Corp over future supply of uranium. Interestingly, CGNPC is involved in the construction of a new nuclear power station in the Guangxi Zhuang autonomous region, with the start of work announced just last week.
Paladin said the MOU could mean an expansion of its activities in the Northern Territory through its joint venture relationship with Energy Metals.
CGNPC owns 69.3 per cent of EME, which in turn has just over 50 per cent of the Bigrlyi uranium deposit in the Northern Territory, where there is a 2009 resource of 13,000 tonnes. The other big stakeholder in that is PDN.
CGNPC is only one of two Chinese companies authorised to import uranium.
So now you can see the significance of that brief announcement this morning. Expect a surge of uranium action in the Territory.
By the way, there is a third partner in Bigrlyi, a player that gets very little attention. Holding a 5 per cent stake is Southern Cross Exploration, last traded at 3c. SXX is the vehicle for the well known exploration and Poseidon-era veteran Boris Ganke.
Uranium (U308) up this week +$3.00 to $US48.00/lb
The Uranium sector is slowing turning round, personally i like ACB, PEN, FTE, THX & SRZ in the U308 sector
How do you rate PDN?
As a uranium producer they are certainly well placed for when the U308 price recovers, most Uranium offtake agreements are on contract prices well above the spot price. I guess when comparing producers its there cash costs, or profit margin that is important.
Not too many Uranium companies in production on the ASX, others with Uranium as a secondary income are EQN & AGG, who are primarily Copper & Gold producers.
The companies i listed are all explorers or in the early development stage, & i'm just looking for value, ie those with a low market cap v JORC resource. ACB stands out & THX is one to watch
Hi Whatsup,
I tend to agree with you. The big question is which U miner has the best potential. Hard to see the prices reaching $120 as it did back in 2007 and saw PDN get to over $10.
I currently have no exposure to Uranium, radioactive free, but should shift something into this sector.
Any thoughts?
Yeah good to see some movement with ACB glad to have top up with a few more at 30.5c my fav U308 massive potential for the resource to hit 300mlbs next year making it the 7th-8th biggest U308 discovery in the world
PEN and AFR are my only uranium interests at the moment (I think, but I may have overlooked some. Ah, the perils of having too widespread a portfolio!) Switched my PEN involvement from PENOA to PENOC, as I prefer the longer-dated options, arguing that the greater timeframe provides more room to see wide fluctuations on which to capitalise.)
Top management, great looking resource and clear mission statement to become a producer... MHC looks positive... any comments from those with more expertise than me?
BMN having a great run today and are up around 90% in 4 weeks...!
Momentum is building in the Uranium price.
http://www.financialpost.com/news/Ur...731/story.html
I brought back into DYL last week and think that the Uranium sector is one to keep a firm eye on this year.
AGS could be worth a look?
LEW
anyone got any thoughts about BMN...
and any other uranium picks?
:cool:
.^sc
only one I still keep a eye on is ACB "world top 10 size U308 resource,, is in the process of completing a Bankable Feasibility Study at Letlhakane, which is on target to be completed in 2014, with first production anticipated 2015" (so nothing much in the Short term outside further increase in U308 or more coal discoveries .....J.V ,,,takeoever 2013 imho)
U308 tapping on bottom value and interest so prob great time to buy
ACB Only worth 29mill for... 351mill lbs of U308 JORC resource
From ann report--
"Letlhakane is likely the only major undeveloped uranium project in the world capable of being in production in the next five years at a capital cost of less than $500 million."
December 17, 2012 - 5:30PM
Uranium market returns to power
Global uranium demand is set to rebound as Japan's nuclear reactors are gradually switched back on by the new Liberal Democratic Party government, re-elected at the weekend after three years out of office.
Shares in uranium miners Paladin Energy and Rio Tinto's Energy Resources Australia have surged – by 7 per cent and 5 per cent respectively, at the time of writing – and the spot price of uranium neared $US44 per pound of uranium oxide.
UBS resources analyst Glyn Lawcock welcomed the news, saying it had been a "torrid" 18 months for uranium markets since the closure of the Fukushima Daiichi reactor following last year's Japanese earthquake and tsunami.
Japan shut down its entire fleet of 54 reactors in the wake of the partial meltdown, causing widespread power shortages and a rise in energy prices as coal, oil and gas made up the shortfall. Nuclear power is relatively cheap to run, once built.
Advertisement Spot uranium prices fell from their pre-Fukushima level of about $US65/lb to a low of $US40.80 in November and have recovered somewhat since. Nymex uranium futures closed at $US45.50 last Friday, the last price quoted by Bloomberg.
Mr Lawcock said until recently investors had been concerned that Japan, which had deferred some deliveries of uranium as stockpiles rose, would turn around and become a net seller into the world market. Paladin was better placed than ERA to benefit from a recovery in uranium prices, he said, because three quarters of its output would be sold at prices linked to the spot market.
UBS commodities analyst Tom Price said a restart of Japan's reactors would restore 20 million pounds of demand, representing 10 per cent of the world market.
Mr Price said Japan simply could not afford to replace its nuclear reactors and the coal, oil and gas substitutes "actually delivered very high cost power to the market. It's a critical issue for their industrial sector".
Mr Price said the indefinite deferral of BHP Billiton's Olympic Dam expansion, and the re-election of the LDP in Japan, were "two bull points" for the uranium price and UBS was forecasting a recovery to $US50/lb in 2013, and $US55/lb in 2014 and a long-term price of $US65/lb.
Junior Toro Energy is expecting a decision this week from the federal Environment Minister, Tony Burke, on its 100 per cent-owned Wiluna uranium mine in Western Australia.
Toro's managing director, Greg Hall, said Japan had been spending an additional $US100 million a day on extra coal, oil and gas to make up its power shortfall.
A new nuclear power safety regime would be in place by April and capacity would be restored through 2013-15.
2 of my picks for the 2013 share competition are uranium stocks, PDN and DYL. There's no way around it, nuclear reactors are still the way of the future, uranium's had a bad rap since Fukushima.
well I agree with you there Skol ...PDN is still great buying IMHO ... an explorer wise ACB has one very large world class resource
have been very temped of late ...currently overweight in Oil&Gas sector
uranium stocks getting a bit of interest again, has the cycle turned?
look at ERA... going crazy
Don't know why when you look at the low price ... $22.50 >>>
$20.15 lb atm. A mate says thats re a third to half less then the cost of extracting it; something will have to give but don't ask me when:confused::eek2:
I'm picking it's going to be all on showstring.
Monthly Spot Price U308 chart shows Uranium nearing pointy end of Descending Wedge.
Attachment 9061
10 year bear for Uranium prices but it looks like the bottom was in 2017 .Current price $23.25 lb. Soph investors starting to take positions?
Uranium supplies starting to tighten up for the first time in a long time, must start to move the price up soon, so am keeping watch of VMY in the sector.
Watching what CCJ Cameco will do with their Mc Arthur River op.if they decide to keep it shutdown the spot mkt could really takeoff is what im reading.
First dip in today got a few PEN @ 28c and PDN too.
Cameco reports second quarter results and its decision to suspend production ..
First duck lined up to increasing price of U. Mcarthur River and Key lake suspension continues, with 550 employees let go.
In response VMY up 10%
PEN and PDN both up 8% atpit
Uranium up a tad to $24.15
A good start guys
And today VMY up re 16%
PDN up another 8%
PEN 3.3%. there is still an overhang of shares to get rid of so this is arguably the best buy
ACB still not moving JB
EAAASSSSYYY money folks:D
Whoops i mean PDN has the overhang not PEN.
"CCJ is telling the market that not only have they taken 18m lb of production from the supply side for an "indefinite period" they are now also acting on the demand side by buying 2-4m lb in the next 5 months of 2018 and 9-11m lb during 2019." Ding!, has a light blazed on yet , the mkt just waking up:eek2:
As always DYOR
Uranium price $25.65 , 8% up for week, 13.25% month 25.12% year
Oh no not again i hope you dont become a habitual troll. DYOR on global warming and coal fired power stations on the appropriate thread if you are being credible.Jury is out here atp.
Uranium is a clean power source especially with new style reactors. Dealing with the waste fuel is getting easier. We really should buy a couple of old nuke subs and park them out off Auckland. Much cheaper than building power stations. The reactors in those are good for many decades. We can't really dam any more rivers and solar wind etc ain't gonna cut it. With what to power your heatpump dear Eugenie?
Nzs biggest problem is the low level of education of it's people, because jobs used to be easy to get and little quals required.
Int idea the subs cammo but i dont think we are going to have power probs anytime soon.Weather events are becoming more extreme and as long as water falls in the the right catchments our main green source is ample with the add ons of solar and wind and steam. And a few ops for pumped storage hydro. Other countries not so lucky though.
Price of U ticking up slowly, at a1 year plus high now.
How many new houses coming on? 10000. How long is huntly going to run for ? Unless tiwai goes, we will likely need more. Pv is growing but I think the electric car uptake will cause it's own demand and infrastructure issues. Just wait till more local governments start phasing out woodburners like chch has. And don't forget all the gas heaters that will be banned...all to be replaced by electricity consumption.
keeping an eye on the uranium price. Its steadily climbed from $23.74 to 26.25 in the last month a 10.57% rise. A lot of heavy lifting to go.
$27 atm,last time it was this high was May 2016. My stocks have paused and not following the price rise atm.
$28.60 atm off its highs and stock prices heading back down.
https://abcnews.go.com/Technology/wireStory/idaho-test-reactor-pivotal-us-nuclear-power-strategy-59838063
"Still, nuclear energy has been identified by U.S. officials as having a key role in reducing the nation's greenhouse gas emissions."
"Nuclear is a primary way to get there," said Wachs. "It's really the only way to get there."
Whats everyone buying? I have VMY and BMN at the moment, will also try pick up some others for a diversified portfolio, e.g. other companies at different levels in their project timelines.
VMY is the only U stock i have on close watch, whilst the spot price is slowly rising its going to take a while to get to a point its worth mining the stuff for newcomers, with most current producers marginal and cutting production.
https://dailycaller.com/2018/12/22/c...ar-power-bill/
"Congress passed bipartisan legislation that aims to streamline the regulatory process for commercial nuclear plants, bringing relief to an industry that has witnessed decline and uncertainty. The Nuclear Energy Innovation and Modernization Act was approved in the House of Representatives by wide margins Friday, clearing the chamber by 361 to 10. The Senate had already approved the bill on Thursday by a voice vote."
Joshuatree - are you in 2019 comp?
Not yet 216,000 secs to go, thanks for the reminder though.
ASZ 2019 competition closing in few hours
Trump rejects USA 25% quota. Uranium price picks up (but has been for a while). Still holding only PDN (not a recco DYOR).Just need the U price to keep trending up for mine to be reactivated.
up 6.05% last week 7.57% last month 11.21%last year
Watching the red sun go down in a pink sky caused by Aussie smoke from their fires. Just watched Chernobyl. Nuclear power plants in Australia, anyone?
Might be partial to it this decade as they head towards nuclear subs.
With everyone from Germany to the Phillipines suddenly rethinking the previous phase-out or cancellations of nuclear, a reasonable amount of the world supply under question, and the likes of the US suddenly looking for future supply internally or from ‘safe’ countries, I can see some very positive moves in this sector over the next few years.
Anybody have any favourites here currently? I’d imagine the pressure will be on, as usual these days, for more eco-friendly recovery methods, so can’t help but wonder if there’s any new technology brewing in that regard.
Hi good idea but have they run up already? I'm out of touch having owned BMN and Paladin in the past.Yes uranium labelled a green energy now and it's decades prob before solar,wind etc will replace oil and gas.Also Russia produc es re 25% atm
Uranium as a short, mid and long term investment a long way to travel. Maybe a short term run up and ASX Stocks Highly volatile on week to week valuations .
However macro forces are unavoidable. Energy squeezes on gas / fossil fuels. Baseload demands for effectively Carbon Zero Energy. Combine with underdevelopment of U mines with burgeoning SMR builds creating future utility demand.
From Asia to Europe nuclear an integral part of Energy supply to 2050.
Once Spot hits $75 expect companies to create Financial Plans to reopen mines.
FYI BMN in Trading Halt. Expect new funds to tap into mine reopening in late 2022 / 23.
Greatly appreciated mistymountain, looks like I’ve got a lot of reading to do.
PEN had caught my eye yesterday, so nice to see a voice in favour already. Looks like they’re about to make a decision on restarting production using an assumedly improved method, so timing could be positive there.
Highly likely either:
a. Russia bans export of U to the USA
b. USA bans import of U from Russia
c. a + b
d. USA make U an Essential Mineral with focus on domestic mining
e. c + d
DYOR: some big power plays at play for U in 2022. Cheers
Nuclear Is Back on the Table for a Green Future
https://www.nytimes.com/2022/06/15/b...ask-force.html
Buying and holding ACB ...one of the top10 U308 deposits in the world ... shallow open pit ..
Any others holding/looked at Silex? (SLX). Potentially in a very key technological position for domestic US refining for next-gen HALEU reactors.
Picked some up 6 months ago which has performed well so far. On my list of potential further top-ups in coming market madness of the next month or six. Of course, nuclear may soon become very much out-of-fashion again, for a time.
Uranium is not a curse word anymore! There is growing support for nuclear power and this video discusses some uranium prospects.
https://www.youtube.com/watch?v=i71MRFfeVfo
Stocks Down Under Checking in on BrainChip and Weebit Nano: Investor Webinar 12 July 2023
“I just had some astounding Intel from a contact of mine who was active in the uranium industry. What he tells me is that if you do polls of the adult population you find that a majority are in favor of nuclear power.
First of all let's talk about the price. The price of uranium has had a great 2023.
No surprises there, uranium supply and demand uh are well and truly tilted in favor of the of the demand side whereas mine supply isn't.
So after a long period of the doldrums that followed the Fukushima disaster in 2011 uranium is starting to look pretty good and the spot price there is improving.
The supply versus demand dynamics for nuclear power at the moment basically there's not much capacity out there in the foreseeable future to accommodate the demand that's going to be the amount of uranium that's going to be required.”
U Price on the move.
https://tradingeconomics.com/commodity/uranium
The 1 , 5 , 10 and 25 year graphs look super bullish for the next 1 - 5 years.
Supply demand economics getting stronger in U favour.
Looking like a good place to be in one's portfolio guys.
Anyone know of an etf or stock that holds uranium miners or tracks the U price like OOO( I hold) on the AsX which is a financial derivative that tracks the price of oil.
A company I'm looking at ATM is SLX on asx close to cracking uranium enrichment
Plenty of options on the NYSE; check out the Sprott Funds: Juniors through to the Miners. I'd love to get some of the SPUT (Physical U ) but Sharsies doesn't provide this purchase.
Tons on great ASX listed companies tho:
Near term producers like Boss . Through to companies operating in Namibia eg Deep Yellow.
Others are likely to restart mothballed mines (eg Paladin, Lotus).
Meanwhile you go super spec and throw dice on the explorers with a resource but State Government not allowing U mining. eg Cauldron....
The thesis for a significant Supply Squeeze through 2024 - 2026 and beyond keeps growing as nations realise Baseload Energy and Zero Carbon is only provided by Nuclear.
This recent U and nuclear vid from the Aussie lads is HIGHLY Recommended (actually the whole Podcast is....)
https://www.youtube.com/watch?v=2lxbd7ttvp4
Helps to Bust those BBQ myths over the water cooler.
Also highly intelligent and entertaining so 50 mins very very well spent.
Cheers
September ....What a month.... 20 % increase in price. Now US$70lb.
Place your bets for this 2023 / 24 New Year;
Nothing tastes better than uranium.
$74lb the price just keeps ticking higher... $100 in the sights
Bit of a jump today, looks like the US wants to build their own U308 supply.... Good for PEN.
Yup; and U punched through the $100 this week.
https://www.youtube.com/watch?v=bfYkzfc3Oz8
Many US U stocks up over 10 % on Friday. eg UEC , UROY etc etc.
Will the ASX U stocks copy on Monday??
PEN's price has been hammered by:
1. The SPP
2. UEC ditching the business mid 2023
However once the SPP done this January then this share should rerate.
I like the options on the SPP too.
Cheers
Will check AEEO out. Thanks for recommendation.
PEN up 19% this morning so the broader market realizing that this near term USA producer was undervalued.
Trading Economics U Spot Market data usually delayed a week. Updated today.
https://tradingeconomics.com/commodity/uranium
So good to see the $100 mark broken for the first time since the previous Bull Run in the mid 2000's.
Inflation adjusted, ATH needs still a move to $200.
Key Questions: will the price keep doing a parabolic spike?
or
Trade sideways from here before stepping higher until mothballed mines and new supply come on line as we head into the 2030's?
Big news over the weekend for the US U sector:
https://twitter.com/quakes99/status/1766567700007100628
- Senate Ban on Russian Uranium
- Purchases to stock domestic Strategic Reserves
- US$2.7 Bill to support domestic production.
SLX grinding higher still. Happy to be holding. Could be due a pullback soon though? Not much solid news of late, and still a longish timeframe ahead to commercialisation, all going to plan..
Paladin PDN climbing steadily in to bubble territory. I am waiting for a retracement before topping up.
Given zero carbon baseload Uranium powered Nuclear Energy has Zero coverage in NZ from our renewable ESG focused Government and their funded Media this is worth a watch for those of us kiwis invested in the Uranium Supply Demand narrative:
https://www.youtube.com/watch?v=iHGJzfFLYNA
The speech at 1:30 min relates to PEN https://www.youtube.com/watch?v=iHGJzfFLYNA
Today PEN upgraded their U resource by 19%