Its like Iron Ore, Wheat, wool, houses, land or oil. Price measure of any commodity is a major factor in mining and $$$$$$$
Gold 15 years ago was 600ish $ per ounce. A Company Gold Road found a huge amount which would cost a lot of money to start digging it out. Price changes and GOR was a wonderful investment for me. It is still operating - I do not own any now. I had cost me a few cents only to buy them and I sold for well over a 1 for each of them. A Golden Old investment I made years ago.
Price of gold made it viable or not to build the mine.
U308 has been under the price of extraction for about 20 years. That killed a lot of companies and hurt share prices of those who survived the carnage.
I was looking at a report this morning suggesting BHP hides its U308 sales by including them in its copper sales data. The report suggests 20-30% of South Australia's Olympic Dam profit is from u308. BHP is hiding that information well!
Gold is $1998ish USD$ today. It's my inexpert view that the prices I am interested in will be significantly higher for a long time.
I am not an investment adviser except for myself! Bubbles and risks are dangers in our business, superannuation, housing or investments.
"
The World Nuclear Association just released a report modelling uranium supply and demand out to 2040, envisaging three scenarios;- the Lower Scenario (lowest demand scenario), which assumes delays in implementing these plans- the Reference Scenario (expected demand based on information from government and utility targets and objectives)- and the Upper Scenario (underpinned by more favourable conditions, largely reflecting the targets announced in many countries to achieve net-zero carbon emissions, and the acceptance that nuclear power will play an indispensable role in reaching this goal).As Guy Keller, Head of the Tribeca Nuclear Opportunities Fund points out;The supply that the World Nuclear Association models is barely able to meet the requirements of the lowest demand scenario. There is no wall of supply that has come on.In this interview, exploring one of the hottest commodities in the market right now, Keller further explains the supply/demand dynamics in uranium, talks through other areas of opportunity in the nuclear space and highlights some companies that he particularly likes. He also explains why this opportunity is still in its infancy and could last for decades to come."
Originally Posted by NavyDiver
The RAN could have been very very rich now if only you had stayed in, with Nuclear Subs running out of their lugholest. 
Reply With Quote
.
A small BURN in my pocket money.
Bookmarks