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Cameco Corporation (CCJ)

NYSE - Nasdaq Real Time Price. Currency in USD
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20.08+1.92 (+10.57%)
At close: 4:00PM EDT

20.15 +0.07 (0.35%)
After hours: 4:22PM EDT

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  • N
    Napalm
    $DNN $PALAF $CCJ $NXE

    FSY.TO

    The potential of Forsys Metals is underestimated by the market.

    Why?

    First. Chinese utilities started renewing their long term U3O8 supply by purchasing existing mines!
    CNNC bought a 66% stake in Rossing mine in Namibia (July 2019) (Total production cost > 65$/lb U3O8)
    CGN just bought 49% of Ortalyk (2 Kazak mines: Mynkuduk and Zhalapak uranium deposits) from Kazatomprom (Deal completion: in 2021)
    Husab mine in Namibia is 90% in the hands of CGN, Uranium Resources and the China-Africa Development Fund (Total production cost > 45$/lb U3O8)
    The chinese utilities like Namibia!

    Second. Forsys Metals:
    ⁃ Norasa asset is situated 35 km from Rossing;⁃ has a Definitive Feasibility Study since March 2015;
    ⁃ Mineral Reserves: 90.70 million lb U3O8;⁃ Operational cost: 34,72$/lb U3O8;⁃ already received a Mining Licence for Norasa;
    ⁃ has also other permits: Environmental Clearance, Desalination,...

    Third. With a stockprice of 0,98CAD, Forsys Metals is only valued at 1,18$/U3O8 lb in reserve by the market compared to:
    ⁃ U3O8 spotprice around +-30$/lb today;
    ⁃ U3O8 price of at least 60+$/lb needed to get the supply and demand back in equilibrium in the long term
    ⁃ Kevin Bambrough and others taking about an U3O8 price of at least 150 - 200$/lb in the future

    The Chinese utilities don't care very much about the U3O8 offtake price (We see it with their purchase of 66% of Rossing in 2019), they care about the uranium supply security for their fast growing numbers of nuclear reactors!

    For me, Forsys Metals has all the potential to be the next takeover by CNNC or CGN.

    Fourth. Why don't we find a lot of information about it?

    In my opinion, because they are already well advanced since 2015. So between 2015 and 2020 Forsys Metals just had to wait the uranium market to improve and while waiting doing as less as possible to not burn cash.

    I have a stake in Forsys Metals and in a couple years from now (2 to 5y, but it could all of a sudden happen much sooner) when uranium price overshoots 60+$/lb (for instance100$/lb) Forsys Metals will easily reach a value of 8,00 to 10,00$/U3O8 lb in reserve, meaning a 7x to 10x from here.

    Big explosive potential, but don't go all in on Forsys Metals. Keep it a small position compared to other uranium positions that you own.

    Fyi. I’m a long term uranium bull and I’m invested in more then 20 different uranium companies

    Cheers
  • W
    Woke Billions
    A look into the future. We have stopped using fossil fuels for heating and transport. Nuclear plants are being refurbished and built left right and centre. Investors are asking can this stock ten x again from 2022 levels.
  • U
    UncleRemus
    Happy Friday cameco folks
  • U
    UncleRemus
    Come on 30 before the end of year I don’t not want to be walking down Bay Street in my birthday suit . I will have some major shrinkage
  • U
    UncleRemus
    Is today for real or just a dream
  • A
    Aran
    Price targets ?
  • C
    Cameron
    This is killing me that I sold in January
  • J
    Joonas
    Thoughts on uranium participation corp sprott deal? How will this affect the physical uranium investment market? $CCJ $UPC $UUUU $URNM $DNN
  • W
    Woke Billions
    North America will need to triple its electricity production from current levels to get off carbon heating and transportation fuels. The future for nuclear is bright!
  • G
    Guillaume
    I think CCJ get higher en higher
  • A
    A depressedgiantsfan
    MOON
    Bullish
  • M
    Metalmeister
    CCJ nearing 2005 highs.
  • N
    Napalm
    This is big for UEX!

    UEX Corp signed a C$10M cash deal to acquire 100%-interest in JCU (Canada) Exploration Co Ltd., making UEX the 2nd largest junior resource holder in the Athabasca Basin.

    By doing this acquisition they double their U3O8 resources, with:
    - 10% in Phoenix project (JV with Denison mines)
    - 30,10% in Millennium project (JV with Cameco)
    - 33,80% in Kiggavik project (JV with Orano)
    - the remaining 34,45% in Christie Lake project (becoming 100% owner)

    https://www.uexcorp.com/news/uex-to-acquire-100-ownership-of-jcu-canada-exploration-company-limited-

    Cheers

    $CCJ $DNN $UEC $URNM $UEX.TO
  • B
    Barren Wuffett
    The report in yet?
  • J
    J
    The train is starting to leave the station on this one, get in before KAP and CCO start to front run Sprott to buy lbs and rip the price higher.
  • L
    LPG1
    Hard to believe the price of U cant hold above $30. With all of the mine closures and and Cigar Lake being shut of much of the last year, the spot market has to be getting under supplied. At some point soon the price should start to move up, one would think. It amazing how compelling the supply/ demand fundamentals are, in favor of the bulls. Especially as you move out in time! CCJ is in the best position to benefit. This company is way undervalued!
    Bullish
  • A
    Andrew
    $35 on Monday
  • U
    UncleRemus
    No words needed
  • M
    MIKE
    I just averaged down, bought 14,000 more shares. I now hold 30,000 (Seriously)...
    Average Price is 15.851/share.
    I'm a Believer in This One, Obviously..
    Bullish
  • X
    Xain
    any body now why stock go up not that I complained