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Suit yourself, but after 25 years in the uranium market, I know that
Mar 10 12:55 pm
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All Comments by SWUguru »Why You Shouldn't Own Cameco [View article]
1. Cameco is the largest producer of uranium in the world, and was profitable when the price of uranium was 10% of today's value.
2. Its mines are licensed, and it has the ability to increase production from other deposits while it is sorting out Cigar Lake.
3. FRG's deposits have an average grades 0.1% or less, while some of Cameco's average 20%. Its is unlikely that FRG will ever produce a pound of uranium.
Yes, its possible to make money by speculating on FRG, holding it on the way up and shorting it on the way down. However its also possible to lose money by speculating on FRG. If your investment philosophy leans toward buying and holding, Cameco is as near to a sure thing as any stock in the market.