Introducing a new Uranium guest Justin Huhn
I’m happy to introduce a new guest on the show, Justin Huhn. Justin writes the Uranium Insider which includes a premium newsletter that is focused on the Uranium sector and Uranium stocks. Since this is the first time having Justin on the show we stick to a big picture look at the Uranium price and what Justin thinks are the key drivers for price.
Sorry about the technical issues early on in the interview. The connection seemed to be dropping. Quality improves as the interview progresses.
Click here to visit Justin’s site – Uranium Insider.
I have an upcoming webinar on January 8th at 11am PST (2pm EST) featuring Newcore Gold (TSX.V:NCAU – OTC:PRCNF). Please click the link below to signup for free and have first access to the recording. Also please email me any questions you have for the Company – Fleck@kerport.com.
I don’t own any directly, but my Novo position gives me some exposure since Q.H. was smart enough to take a strategic stake in New Found Gold inside of Novo Resources.
Happy New Year! Hope we survive the civil war between the patriots and the traitors.
Ditto bonzo…….
I decided to add a little bit of Standard Uranium today as a punt on their upcoming exploration program in the Athabasca Basin. Obviously, it is much more speculative than the other Uranium companies in my portfolio (Energy Fuels, Ur-Energy, Denison Mines, NexGen, and UEC). Their project is on the same trend with Fission and NexGen’s discoveries, which is encouragin, so we’ll see if Standard Uranium can hit paydirt in that basement-hosted rock.
(STND) Standard Uranium Finalizes Phase II Drill Program Plans at its Flagship Davidson River Project
29 December, 2020
We had a healthy Uranium discussion going on yesterday’s blog for anyone interested.
Another Uranium stock that has been on fire lately {that unfortunately I haven’t owned} is Encore Energy Group (EU). It’s up about 8x’s off it’s low this year, and is mostly because of the excellent management team and BOD they’ve assembled to put TX and NM assets back into ISR production.
(UUUU) (EFR) Energy Fuels Renews Its ATM Program
31 Dec 2020
https://ceo.ca/@newswire/energy-fuels-renews-its-atm-program-29551
This was a great introduction to Justin Huhn and the Uranium Insider. He was spot on regarding his points about reactor demand being constant (and growing each year), but that the spot pricing has stagnated due to the lact of longer term offtake contracts by the utility companies. Also I felt Justin reiterated a great point, which we’ve made many times here on the KER blog about how the secondary market [which was underfeeding supply from Russia + the US Department of Energy sales into the spot market] did nothing but water down the recovery of the uranium sector for years in the 2011-2016/2017 time-frame.
As Justin mentioned, there was some buying response as Palladin, Cameco, Energy Resources of Australia, Energy Fuels, Ur-Energy, and curtailed and then halted production. Then after Kazakhstan finally woke up to it’s role as the global swing producer and cut back production, the nuclear fuel sector is finally ripe for a sustained multi-year pricing increase.
The utility companies have been reluctant to embrace the timeframes needed to restart supply from the mining side, and this will once again lead to another Uranium surge. The action recently in the 60 main Uranium miners has been across the board, even on tiny stalled Jr explorers and projects many years from production. I’ve been trading Uranium stocks since 2010, and haven’t seen this much interest and action in the sector since that time frame pre-Fukushima. 2021 should be a very interesting year in the Uranium mining space.
Mike Alkin – Uranium is About The Macro Stupid. Investment Hacks
Crux Investor – Sep 10, 2020
“Highlights of our interview with Mike Alkin of Uranium only Fund Sachem Cove. Let’s talk about 4th grade Math. The macro is about a large and growing Supply Demand gap in Uranium. Risk Reward. Upside v Downside. Company company basis. Primary and Secondary supply. Inventory levels. Contract needs.”
“You don’t want to rely on the government.” 90 Day Working Group is irrelevant. Price discovery happens when two sides sit on either side of a desk and negotiate. And price discovery needs to happen for Uranium companies. But the nuclear industry need clarity too.”
“Investment hacks from Mike Alkin – To invest in this space you need to pick the right companies. Same as any other mining commodity. Look for the bullshit management team, many of them are full of it. Look for companies who adjust the calculations and valuations in their favour – pound in the ground game. Look at the jurisdiction.”
MacroVoices #241 Mike Alkin & Guy Keller: Uranium Special
Oct 15, 2020 – MacroVoices
“MacroVoices Erik Townsend and this week’s guest co-host Kevin Muir welcome Mike Alkin & Guy Keller to the show where Mike and Guy share some excellent insights on the Uranium market.”
Stuart U308 is another interesting character to follow on Twitter for the Uranium sector:
I ended 2020 with a purchase of NFGFF@ 3.20. I had already bought @2.50
Who else owns New Found Gold?