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TopicStock Topic 24
GameStonk
03/13/21 3:52:43 PM
#479:


Lopen posted...


I do think it's a potential $10+ stock in a few years and fairly easily at that (their mine is operational in 2023, so waiting for that is the long play-- being on the index won't hurt it as a long play either) but it all depends in how much you believe in Uranium being relevant to energy in the coming years. All my DD says their mine is the best in terms of Uranium purity and ease in mining so they're destined to be the leader in the that field in terms of profit but you're ultimately playing Uranium as energy (which admittedly I have no real DD on it's all speculation on my end-- but we do seem a bit disenfranchised with oil and I think Uranium can play a part alongside the renewables that are being developed). If Uranium demand doesn't go up sometime this decade it's not going to be very profitable even if they are the best at it.
Yeah weirdly it's a political question. An interesting idea is that nuclear will be the "compromise" in the divided government--Dems will want to kill fossil fuels and replace everything with green energy, so the GOP can offer nuclear as a middle ground. Regardless, oil prices are going up and up with Biden; and the last time that happened, DNN was trading near $10.
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