Australian asset managers, Harness Asset Management, have released a detailed and very balanced outlook for uranium. Key take away:
“it is our opinion that uranium presents an incredibly asymetric payoff profile, with
significant upside potential and limited downside risk for patient investors.
However, in order to uncover value, there needs to be a specific catalyst for this to
avoid becoming a value trap. The catalyst in this strategy revolves around a demand
pick up more so than a supply drop but both are happpening”
This is a long report but well worth taking the time to read. If you read the whole thing you’ll have a solid handle on the state of the uranium market and the drivers of that market going forward.