Thanks for presenting this update Bloor, Looks like John is overworked and looking like he needs a holiday which at a guess he could afford if his salary and bonuses are tied to how well Sprott is doing 😂
How can the producers be sold out for the next 4 years and the amount of new contracts increase at the same time. Does that mean all the new contracts are for 2029 and beyond. What is a reasonable floor price for a contract looking that far out? $85? How high is it likely to go? If the spot price spikes it does not seem likely that a contract price for 2029+ would follow it to “stupid” levels but $85 - $90 seems possible.
It's Jimmy Connor, thanks for the comment/questions Adam and for taking the time to view our content! Please check out our Uranium Conference which has many more detailed conversations about pricing. Essentially, utilities are signing longer term contracts going into 2030-2035 as they are trying to lock in supple and at low prices. The floor depends on many factors when the contract is signed and how far out it is but a new feature being added to contracts is the ability to be more inline with the spot market.
It's Jimmy Connor, thanks for the comment/question and for taking the time to view our content! The market got hit on the back of comments from Cameco regarding long term pricing approx $52 a lb but spot is much higher at $100+.
This is why you can't own the U etf's right now - they all have CCJ as top holding. It's like intel - going to be dead money for a while. U.U is the play! @@BloorStreetCapital
Thanks for presenting this update Bloor, Looks like John is overworked and looking like he needs a holiday which at a guess he could afford if his salary and bonuses are tied to how well Sprott is doing 😂
Thanks for the comment and thanks for taking the time to view out content! Hardest working guy on Bay St!
4:07 it wasn't the reddit mob. it was literally SPUT's flywheel, and idk why he's reticent to acknowledge that.
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Agreed.
How can the producers be sold out for the next 4 years and the amount of new contracts increase at the same time. Does that mean all the new contracts are for 2029 and beyond. What is a reasonable floor price for a contract looking that far out? $85? How high is it likely to go? If the spot price spikes it does not seem likely that a contract price for 2029+ would follow it to “stupid” levels but $85 - $90 seems possible.
It's Jimmy Connor, thanks for the comment/questions Adam and for taking the time to view our content! Please check out our Uranium Conference which has many more detailed conversations about pricing. Essentially, utilities are signing longer term contracts going into 2030-2035 as they are trying to lock in supple and at low prices. The floor depends on many factors when the contract is signed and how far out it is but a new feature being added to contracts is the ability to be more inline with the spot market.
@@BloorStreetCapital Which suppliers would cut their own throats by signing such deals? Cameco has reduced their number of longer-term contracts.
Yes. Europe is loosing its sight in many things
Blowing loads bud !
This is a bs replay...time to delete Bloor
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Today the uranium stock market has gone down significantly is there any specific reason cost ?
It's Jimmy Connor, thanks for the comment/question and for taking the time to view our content! The market got hit on the back of comments from Cameco regarding long term pricing approx $52 a lb but spot is much higher at $100+.
This is why you can't own the U etf's right now - they all have CCJ as top holding. It's like intel - going to be dead money for a while. U.U is the play! @@BloorStreetCapital
Thanks again Jimmy👍
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Excellent interview. Very timely!
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Thanks🎉
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Alright 🎉
Thanks for the comment Brandon and for taking the time to view out content!