Seeking Alpha


Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Rising Natural Gas Prices, Restart Of Japanese Reactors Suggest Bottom Is In For Uranium [View article]
    Thanks Derek, it was very helpful information.
    As for Uranerz, did you calcalute only the production costs? $35 could be the operating cost, after all expanses, but what about developing costs?

    I was looking recently towards Energy Fuels (EFR). After the deal with Denison, according to the details provided on the webcast and from Denosin's annual report, currently production of their US operation is 1.4M lbs of uranium and the costs are around $35. So if the price is $60 they will make $25/lbs or $35M/year. Also EFR have their own developing projects, the biggest one is Sheep Mountain.

    EFR's diluted adjusted market cap is : 738M shares * $0.15 = $110M.
    So it looks very attractive for me.

    here are their detailed technical reports:
    Jul 21 07:39 AM | Likes Like |Link to Comment
  • Rising Natural Gas Prices, Restart Of Japanese Reactors Suggest Bottom Is In For Uranium [View article]
    Hey guys,
    I've been looking for nuclear energy industry for over an year now. It seems for me based on different factors that nuclear energy is the future major source of energy.
    Regarding the uranium mining companies, they show figures about their uranium resources, they also show the grade of the uranium in every mine. Did anyone here make any calculations about the value of the deposits vs. cost to produce and what uranium spot prices should be in order to make a profit?

    As I looked at UEC, it seems like their deposits are of low grade or just low measured quantity.
    Their producing Palagan project maybe profitable, they say at $18/lbs cost, but it has only 1M lbs of Indicated U3O8.

    The Goliad project states 5.4M lbs of M&I U3O8. It seems to have better value, but the grade is 0.05%, so what are the production costs there and what is the profit margin?

    The Channen projects seems like Palagan at 1M lbs @ 0.13%.

    The market cap is around $180M and they have around $25M cash, so it's $155M. Looks like too much too pay for too
    little resources.
    Jul 9 08:41 AM | Likes Like |Link to Comment
  • Uranium Stocks Have Given Back Gains Year To Date, Creating Another Buying Opportunity [View article]
    I also think that uranium and specially the nuclear energy is the only long term solution to power the world.
    I'm looking for a ways to invest in nuclear, the uranium miners look like a nice way to do that.
    What are your incites about Paladin and Denison?
    Cameco also looks good, but I think a bit overpriced now. I'm looking towards a market cup of under $5B to go in. Maybe never happen, so I'm looking for the other options as well.

    What do you think about the Utilities using a meaningful part of their producing capacity as nuclear? Excelon, Entergy, Duke and EDF?

    And what about Areva?
    May 11 12:11 PM | 1 Like Like |Link to Comment
1 Like