Over a year since last post … I’m still holding Cameco (CCO.TO or CCJ NYSE) and my main holding is now up 485% or so - recently touched an all time high.
Also still holding Yellow Cake for a 45% increase …
I expect more to come given clearly obvious increase in discussion of uranium, nuclear power etc. but also rapid profit growth at Cameco - trailing P/E over 322 according to Yahoo dropping to 57 for next 12 months … and I don’t see that change faltering oir years to come ..
Various sources showing serious impending shortage of uranium as well as increasing costs of processing and lead times .. the perfect storm given green concerns and unreliability of wind and solar, life extensions for many nuclear stations as well as new ones coming in line.
I’ll check back in another year.
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Uranium
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Bhoddhisatva
- Lemon Pip
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