Cameco Corporation (NYSE:CCJ) — The Bull Case for Uranium

- June 18th, 2010

Daily Reckoning reports a bull case for uranium featuring Cameco Corp.
Today, Chris Mayer, editor of the Capital & Crisis newsletter, offers an update on a notably bullish case for uranium. From Mayer’s research update:
“First, we are most interested in supply, as any investor in a natural resource should be. We like commodities hard to produce […]

Daily Reckoning reports a bull case for uranium featuring Cameco Corp.

Today, Chris Mayer, editor of the Capital & Crisis newsletter, offers an update on a notably bullish case for uranium. From Mayer’s research update:

“First, we are most interested in supply, as any investor in a natural resource should be. We like commodities hard to produce more of when demand rises. That implies that prices will rise quickly. And investors will make a lot of money.

“Uranium fits the bill. Most of the stuff — nearly 60% of it — comes from only 10 mines. Cameco’s MacArthur River mine alone is 15% of the world’s production. For comparison, Forest points out that the top 10 mines in the gold sector produce 19% of the world’s supply. In copper, the top 10 make up 30%. Uranium is a top-heavy field.

For complete editorial, click here.

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