There are political obstacles to increased or renewed utilization of uranium in Japan as a consequence of the Japanese peoples belief that the government and the nuclear industry mislead them about safety aspects, which is probably true. But I wouldn't be surprised at all to see it free of enCore. Not to say that uranium isnt risky because of all these political problems around it, but I think its a distinction thats got to be made and observed. With all the volatility we have seen in the past 3 years, BRI's home exchange is down 70%, while BRI during the same period has seen a decline of 33%. Rick Rule, president and CEO of Rule Investment Media LLC, discusses his player picks: NAC Kazatomprom JSC, Sandstorm Gold, and Endeavour Mining PLC. The precious metals by-product streams of the base metal companies are valued at 15 . Honeymoon is set to operate for an initial life of 11 years, with an IRR of 47% at a uranium price of US$60/lb. Dividend Earner will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. | Resource Heads Ep. Nick Giambruno: Doug, you have an interesting saying that when the wind blows even a turkey can fly.. I suspect that the price of uranium goes up.. We dont spam! And of all the commodities, uranium is the cheapest both relative to the cost of production and relative to historical highs and lows. Doug Casey: First of all, I have to say that all commodities are cheap right now relative to their historical prices, relative to their production costs. Youve successfully signed in. Could the price of uranium go from $US48/lb to $US40/lb first?, Rule asks. Rick Rule on the coming commodities supercycle: Demand will exceed supply for these metals. Especially if they have orange hair and no experience (me).Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Rick Rule Talks About His Favorite Uranium Companies and His Outlook on Uranium, Uranium Contracting Speeds Up | Resource Heads Ep. Will Gold Trump Politics In 2017? Please don't be discouraged if you find my rankings harshbecause they are! Let Rick Rule and his team help you navigate the challenging world of resource investments. So what exactly is a contrarian? Doug Casey: A contrarian is somebody whos running against the crowd. There's many valid, objective reasons to do it, and not so many reasons not to do it (I can't think of a valid one). Rick Rule believed that the uranium equities had gotten ahead of themselves and because he think the value of the equities is going higher over the long term, he is happy to see short-term selling, which he thinks comes from the failure of SPUT to list on the NYSE, as well as a general push to sell from the market correction. ROI of Top Picks: 78.26%. He founded Global Resource Investments, Ltd. (now called Sprott Global Resources Investments, Ltd. ("SGRIL")), a full service U.S. brokerage firm that specializes in natural resource companies, in 1993, Resource Capital Investment Corp . Rick Rule being Rick Rule. He said after he locks in his positions in the next 3 weeks he will talk his book. It kind of reminds me of the story of legendary contrarian John Templeton back in the late 1930s. When the deck was stacked solidly against them but the price action verified the narrative, people were dying to get in. If the company you are investing in is pricing in a price of $200/lb for uranium, you might need an Elon Musk at the helm to get great returns. So its an emotional and political thing. That money has already created lots of bubbles. Reality often varies from peoples expectations. Ruby Design Company. This increases the risk, and to mitigate it, Rick would like to see lower prices.In previous interviews, Rick has called NexGen a \"must own uranium stock\". Maurice Jackson of Proven and Probable and Rick Rule of Sprott USA engage in a wide-ranging discussion covering Pareto's law, the importance of courage and conviction in investment, copper, mentors and the upcoming Sprott Natural Resource Symposium. So were back to the same conundrum that we were at in the late 1990s. Rick Rule: Doug and I have laughed about this over various spirits and beverages for years. View articles by Rick Rule. Azarga Uranium Corp. (OTCPK:AZZUF) 7 tiny . The greed associated with a package of stocks where the worst of them went up 20-fold is strong, I think, among older speculators like Doug and me. So, Doug, why is uranium so volatile, and of course, how do we take advantage of that? The structure of the physical uranium market has been changed by SPUT, in Rick Rules view. From my own point of view the uranium price is up nicely and given that I am looking to add substantially to my uranium position I am delighted to see it lower in price.. Dividend Earner would like to remind you that the data contained in this website is not necessarily real-time nor accurate. 27, Is the Future of Uranium in Danger? Bad Junior Stocks & How to Avoid Mining Scams & Pitfalls. At the time, there was an incredible amount of fear in the world. So, this is supposed to be a simple, short and to the point video (unlike most of my other videos). investment, uranium. Is it going to primarily be supply destruction or demand creation? Rick Rule: Well it's actually eerily similar. The US Department of Energy (DOE) awarded a $14 million contract for uranium conversion services to Converdyn, the marketing arm of Honeywell, which owns a uranium conversion facility in Illinois. And that story about you buying all the uranium juniors in the late 1990s reminded me of that. 2.) The fact that Rick Rule has no opinion about Encore Corp and Appia Energy Corp makes me think he wants to buy a lot more of them !!! Either the price of uranium goes up or the lights go out. You can find out more about our policy and your choices, including how to op-outhere. Top 500 most subscribed YouTube channels. Uranium's 'explosive' rally is just the start; 'You ain't seen nothing yet' says Rick Rule. Free yourself from absolute dependence on any one country. When emotions and politics are involved, that automatically gives you volatility. in the last 30 days. NAC Kazatomprom JSC (KAP LON) Then: $29.40. 2. Equinox Gold (EQX TSX) Then: $7.58. Nick Giambruno: Doug and Rick, thank you for your time. There is not a shred of historical evidence that the US economy needs a 2.00% inflation guardrail to thrive, or any fixed rate of inflation at all. So the industry makes the stuff for lets say $50, to make the math simple, and they sell it for $25, to make the math simple. he stated that these rankings are subject to change based off of share price. "I got the uranium equity market exactly wrong," he told BABY Investments. I've sent in around 30 companies for ratings from Rick, and I never got any above 4. They lose $25 a pound and do it 100 million times a year. Very cool, thanks for sharing your interaction with a great mind! Stay abreast of developments that impact the world in . This is part of a $75 million program, funded by Congress and run by the National Nuclear Security Administration (NNSA), to create a strategic . He gave me a very interesting example of a time when he went all-in on an investment. Canadian luxury real estate may be shifting into buyer's market conditions this year, according to a new report from Sotheby's International Realty Canada, as prices readjust from pandemic-related upheaval. Please be fully informed regarding the risks and costs associated with trading, it is one of the riskiest investment forms possible. Which of those happens? For the past 45 years, Rick Rule has been investing and speculating in the natural resource industry. Canadian investors should continue wayoverweight in the high-quality Canadian oil and gas sector. Unsubscribe whenever you want. Its hard to think of two other people who have had more success in uranium than Doug and Rick. Performance details for the top picks by Rick Rule. Shortly said, yes. Rick Rule . Antonio Atanasov is not an investment advisor. You know rising price expectations usually support a narrative, and so thats why people try to be contrarian when its popular. Both comments and rankings are snapshots in time subject to rapid and unannounced change based on news or market conditions. DYL boss John Borshoff is the geologist who founded Paladin Energy in 1993, before taking it from a junior explorer to a $4bn uranium mining company with two operations Langer Heinrich in Namibia, and Kayelekera in Malawi. Rick Rule: "Certainly a select group, and UEC is one of that select group, will do very well. I watched the Wall Street Silver YouTube interview with RR. I've given out less than a dozen "one" rankings in three decades of analyzing resource stocks. The one caveat that I have is that while both Doug and I were early in the last market cycle, both of us stood ready to contribute capital to companies who didnt have the working capital internally to survive until the bull market came. Please tell me about it. Please note that rankings and comments provided herein are not investment recommendations. Full podcast here. Rick Rule, president and CEO of Rule Investment Media LLC, discusses his player picks: NAC Kazatomprom JSC, Sandstorm Gold, and Endeavour Mining PLC. again. Please note that rankings and comments provided herein are not investment recommendations. Fast-forwarding to today, in the 20 or 25 companies that either are or allege to be in the uranium business, there is still an unusually-high proportion of good management teams relative to numbers of listings, at least if you compare it to the rest of the mining sector. Reading the full disclaimer on the disclaimer page on this website is mandatory. By proceeding, you confirm you understand that we handle personal information in accordance with our PrivacyPolicy. It involved oil, and not uranium, but it was a good example nonetheless. Please seek professional assistance for investing and take responsibility for your own financial decisions. Boss flagged the final investment decision in March with a $125 million share placement which, along with a strategic uranium stockpile of 1.25Mlb worth an estimated US$59.38m, should help fund it into production. The uranium market has been plagued by illiquidity, but with the advent of metal-backed funds, like the Sprott Physical Uranium Trust Fund (SRUUF), the problem of liquidity is alleviated, said Rick Rule, director of Sprott. The president and CEO of Rule Investment Media and the chair of Equinox Gold joins Harry Melandri to talk about why he's turning his focus to uranium. In this video, Rick Rule graded my best uranium stocks for 2021 and gave an update on the uranium market and 2021, as also the rumoured uranium short squeeze and much more. The latest news, tweets, videos, podcasts, and opinions in the Uranium sector tailored for Uranium investors. Rick Rule's Past Picks. He hasnt sold all of his uranium stocks, but as a speculator he has taken profits where profits were given to him easily, he told me. 20:40 Rick's opinion on the uranium market 22:50 Denison vs UEC M&A 29:20 Deep Yellow & Vimy M&A 32:00 More uranium M&A to come? I suspect that if you buy the best five namesof course depending on how you do that allocationthat you would do quite well in the uranium space now. Rick Rule Symposium 2022 youtu.be Gold has seen ups and downs this summer, but is solidly below its Q1 peak of over US$2,000 per ounce.Speaking to the Investing News Network at the Rule Symposium . Rick Rule and I talked about what's happening with uranium, and the uranium stocks, how he picks exploration companies, which his favorite uranium stock is, and we discussed Rick's stance on platinum investing in 2022. The price of uranium has to go up, but we dont know when. Now: $26.82. Valuation. A restart plan previously released by Paladin estimated it would cost US$81m to restart operations, producing at its peak 5.9Mlbs of U3O8 annually at Life of Mine C1 costs of US$27/lb. In a September 1 interview - prior to the latest share price explosion - Rule says he timed the market badly. So its important to note that in a macro sense the market is right back where it was in terms of the risk-reward parameters as the start of the previous bull market. Is Uranium Done Crashing or Will The FED Crash Everything Altogether? But the fact remains that, because of the political policies in Japan, the Japanese nuclear industry maintained higher inventories relative to their electricity run-rate there. They lose $25 a pound and do it 100 million times a year. Read our privacy policy for more info. Looking forward three or four years, new plant construction, particularly in China but really spread all around the world, is sufficient that the Japanese become less and less relevant. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Companys Annual Information Form, which is available on www.sedar.com. It looks like uranium is never going to come back, but it will for all kinds of reasons. After Fukushima, the Japanese practically closed down their entire nuclear industry. Anyone who acted on that information probably made life-changing wealth. Rick Rule regularly provides stock market insights and stock picks on the Business News Network (BNN for short). 853 Opinions Unlock Rating. economics, Weekend Update, By proceeding, you confirm you understand that we handle personal information in accordance with our PrivacyPolicy. This field is for validation purposes and should be left unchanged. Rick Rule is a director at Sprott, a large shareholder, and may receive direct and indirect compensation for some accounts established at Sprott Inc. Keep in mind:1.) . Nick Giambruno: So, Rick, what similarities do you see in the market today that were present in the late 1990s? I.e John Borshoff have said multiple times that Deep Yellow will sit on their hands until spot reaches at least $60. Rick Rule is a legendary natural resource investor specializing in mining, energy, water utilities, forest products, and agriculture, and he has originated and participated in hundreds of debt and equity transactions with private, pre-public, and public companies. The Future of uranium goes up or the lights go out uranium juniors in the world KAP )! Disclaimer on the Business news Network ( BNN for short ) nac Kazatomprom JSC ( KAP )! Base metal companies are valued at 15 be fully informed regarding the risks and costs associated with trading it. I suspect that the price of uranium go from $ US48/lb to $ US40/lb first?, Rule.! 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