My understanding is that the cost of uranium is a very small cost of the overall nuclear power cost…..so to the power companies, it doesn’t really matter if the price keeps going up…?
Given that the price of uranium went from under $20 to over a $100 then YellowCake should have at least 5x, but instead it roughly 3X which means you get reduced beta to the uranium price and actually lose torque. so it doesn't track the uranium price very well which means it's not a great vehicle for benefiting from the uranium price although it's liquid. Meh
I have been buying Yellow Cake OTC in the USA forna while now. It has done well. Missed the boat? Well how? Say you invested in CanAlaska. It's only 40 cents. If it goes to 1 dollar you have done well.
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My understanding is that the cost of uranium is a very small cost of the overall nuclear power cost…..so to the power companies, it doesn’t really matter if the price keeps going up…?
Given that the price of uranium went from under $20 to over a $100 then YellowCake should have at least 5x, but instead it roughly 3X which means you get reduced beta to the uranium price and actually lose torque. so it doesn't track the uranium price very well which means it's not a great vehicle for benefiting from the uranium price although it's liquid. Meh
I have been buying Yellow Cake OTC in the USA forna while now. It has done well. Missed the boat? Well how? Say you invested in CanAlaska. It's only 40 cents. If it goes to 1 dollar you have done well.
Great interview and insights
I have made so much money on YCA, my wife has started talking to me again.
But how much did you lose on gold and silver stocks? :D
@@caedmonv55 Yep, that's for sure......Been a total sucker's game so far.
Aaaand they are off to the race!
Fantastic place to park extra money
“Number Go Up.”
What's this "North American peer" long-windedness when they can simply say SPUT? He-Who-Must-Not-Be-Named.