Byron King: Today's Mining Bargains Could Create "Life-changing Wealth"
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
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Diverse mining stocks are trading at discounted prices, but a new era of resource scarcity could change that.
Speaking to the Investing News Network, Byron King of Paradigm Press said that supply of many metals won't be able to keep up with growing demand. Eventually prices for both commodities and company shares will be squeezed higher.
"When just a little bit of that money that's invested in all these tech-y things and all these biotech-y things and all these other things that buoy the rest of the big market — when just a fraction of that starts to trickle over into the hard asset space, the mining space, you're going to see astonishing rocket rides with many, many companies," he commented.
"In some of these spaces we're looking at 100 baggers, 200 baggers (in the next few years). I mean, this is going to be just life-changing wealth for people who get in," he said at the Prospectors & Developers Association of Canada (PDAC) convention.
It's impossible to know in advance which stocks may see these major gains, but King shared a number of companies he's looking at in the uranium, rare earths and graphite industries, all of which are facing concerns about supply.
In uranium, King pointed to Uranium Energy (NYSEAMERICAN:UEC), Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU), Ur-Energy (TSX:URE,NYSEAMERICAN:URG) and Cameco (TSX:CCO,NYSE:CCJ) as interesting players. He brought up Energy Fuels again in relation to rare earths, as well as Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF), and on the graphite side he mentioned Northern Graphite (TSXV:NGC,OTCQB:NGPHF) and NextSource Materials (TSX:NEXT,OTCQB:NSRCF).
Watch the interview above for more of King's thoughts on uranium, rare earths and graphite, plus gold sector M&A activity. You can also click here for the Investing News Network's full PDAC playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Energy Fuels and NextSource Materials are clients of the Investing News Network. This article is not paid-for content.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
