Mickey Fulp, the Mercenary Geologist, has his hand in so many markets it’s hard to keep track of them all. But he’s been a devoted follower / investor in Uranium for many years. In the past month, the price has gone up 12%, off of a bottom of around $40. There’s a myriad of factors involved in Uranium pricing, many political considerations and nuclear disarmament to boot. The bottom line is that nuclear power is clean, (believe or not) safe, abundant, and here to stay. The investment prospects have never been better and we’re even seeing new reactors getting built in the US after a generation of no new construction. China and the developing world can’t bring nukes on fast enough to satisfy their ever increasing electrical power demands.
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