Summary: Sprott Asset Management uranium expert Kevin Bambrough talked with us about the second leg of the current uranium bull market. He sees a massive nuclear build up heading our way with the environmentalists leading the charge. He said many price projections may be inaccurate because people are underestimating future demand.
StockInterview: Price forecasts on spot uranium are widening. Some insiders have predicted uranium prices may drop back into the $30/pound range; others, such as yourself, continue to suggest $50/pound or higher. Any comments on the forecasts others are making?
Kevin Bambrough:
There are many people forecasting uranium prices now. Its important to consider their track record of forecasting prices. Look at the contracts that have been written by many companies in the industry, over the last number of years. Anyone who had ceilings, or had signed fixed-priced contracts, has been punished. Very few people in the industry predicted what has happened. Looking forward, I think that in our view, the cost of production of current producers isnt going to be as relevant as it has been in the past. It will be the more marginal, much higher...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
