Mercenary Geologist Mickey Fulp tackled the uranium market at last week’s Mines and Money conference in New York.
Mercenary Geologist Mickey Fulp tackled the uranium space in a presentation at last week’s Mines and Money conference in New York, speaking to investors about a market that’s been plagued for years by oversupply and low prices.
In an interview at the sidelines of the show, he spoke further about what the future may bring for uranium. “I think we’re going to see some more supply disruption if not destruction going forward,” Fulp said, adding that he also sees demand increasing.
“Demand is coming, it’s going to increase going forward. But we’ve still got a supply/demand imbalance — we’ve got too much supply still on the market,” he commented.
Despite that imbalance, Fulp sees uranium as a “when” story, not an “if” story. But like many other experts, he emphasized the difficulty of nailing down that “when.” He explained, “I know it will happen, [and] I know when it happens based on previous experience that the uranium price will increase very quickly whenever it happens.”
Watch the interview above for more of Fulp’s thoughts on uranium. He also discusses the gold market and shares updates on three companies he’s covering: Allegiant Gold (TSXV:AUAU), Ely Gold Royalties (TSXV:ELY) and Eagle Plains Resources (TSXV:EPL).
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Ely Gold Royalties is a client 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 contributed article. 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.