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Message: Brian Lunden Likes Uranium!!!

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Re: Brian Lunden Likes Uranium!!!

posted on Nov 11, 08 04:48AM

Uranium stocks had a big boost about 1 1/2 years ago out of the idea that we would see a lot of nuclear plants built. Speculators got in, which doubled uranium prices. There will be nuclear plants built but will take a long time.Very positive on uranium long-term.

Uranium is a low cost alternative to higher oil prices. An excellent long term price point. Price has come down because spot price for uranium dropped to about $70. Also, a lot of uranium companies were getting valued at a premium to their NAV. Denison Probably near a bottom, so it should turn around soon.

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