VIDEO - Gerardo Del Real: Uranium Bull Cycle Still Early, Loving the Opportunity in Gold

Gerardo Del Real of Digest Publishing spoke about where the uranium market may be headed and why he remains optimistic about gold.


This year’s change in fortune for uranium has been a long time coming, and Gerardo Del Real believes the bull cycle for the commodity is just getting started.

“A lot of the companies that Nick (Hodge) and I recommended — they’re up 10 fold in the past three or four months from their 52 week lows. So there’s a lot of investors and speculators that feel like they’ve missed that run,” he told the Investing News Network in an interview.

“(But) for those of you that are watching or are reading, it’s very, very early stages. We are nowhere near where this uranium bull cycle is headed,” continued Del Real, who is co-owner of Digest Publishing.

Looking forward to the future, he believes its possible that uranium will hit new all-time highs in the next 12 to 18 months, perhaps even reaching the US$200 per pound level.

“I think the very few quality names that exist — because there’s not a lot of them out there — are going to absorb so much capital that valuations and rationale are going to go completely out the window,” Del Real said. He encouraged investors and speculators to consider companies with assets in good jurisdictions and management with experience in uranium.

He also spoke about gold, where the story is not quite as positive. After last summer’s all-time high, the yellow metal has left many market participants frustrated and wanting more.

But Del Real sees a profitable side to this situation — he noted that the macro setup is still right for gold, and said he’s taking the opportunity to continue adding undervalued companies to his portfolio.

“Yes, the gold price has been frustrating for a lot of the seasoned speculators that say inflation is here, because it’s not transitory … budgets are out of control, those aren’t sustainable,” he said. “Everything is materializing exactly the way that we all thought that it would — (so) where are the new all-time highs, and where is that excitement in the gold space? That is the opportunity,” he explained.

Watch the video above for more from Del Real on uranium and gold.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: 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.

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Kirkland Lake Gold Ltd. today reported that the Company has been advised by the Environmental Protection Authority Victoria of the Victorian Government that the EPA has determined that low-level frequency noise is being emitted by the Fosterville Mine. The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from ...

Kirkland Lake Gold Ltd. (" Kirkland Lake Gold " or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today reported that the Company has been advised by the Environmental Protection Authority ("EPA") Victoria of the Victorian Government that the EPA has determined that low-level frequency noise (in the range of 16-20 Hz) is being emitted by the Fosterville Mine.

The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from the mine. Included within the notices are stated timelines covering a period of just over two months for investigating and resolving the issue of low-frequency noise as well as reporting to the EPA on modifications introduced and new testing completed. In addition, the EPA has indicated to the Company that additional action may be taken by the EPA that could result in restrictions on the use of certain equipment, primarily surface ventilation fans and surface drill rigs in the south portion of the mining lease, during the night, while the remediation period is completed. The potential impact of such measures on the Fosterville operations, should they be introduced, is currently being investigated.

Management at Fosterville has been aware of concerns expressed by residents in recent months regarding low-level frequency noise and has taken steps to evaluate and address these concerns. As part of these efforts, Fosterville commissioned two independent studies on noise levels produced by the mine. The studies were completed by accredited noise and acoustic specialist firms based in Australia, with both studies concluding that all mine generated noise was within regulatory limits.

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Kirkland Lake Gold Ltd. (" Kirkland Lake Gold " or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that at a special meeting of shareholders held earlier today (the " Meeting "), the Company's shareholders voted in favour of the arrangement resolution (the " Kirkland Arrangement Resolution ") approving the proposed merger of equals whereby all of the issued and outstanding shares of the Company (the " Kirkland Shares ") will be acquired by Agnico Eagle Mines Limited (" Agnico Eagle ") for common shares of Agnico Eagle (the " Agnico Shares ") in a merger of equals for consideration per Kirkland Share equal to 0.7935 of an Agnico Share (the " Arrangement ").

186,840,773 Kirkland Shares, representing approximately 70.85% of the issued and outstanding Kirkland Shares as at the record date, were voted at the Meeting. The Kirkland Arrangement Resolution was approved by 150,681,106 Kirkland Shares or approximately 80.65% of votes cast by Kirkland Lake Gold shareholders either in person or represented by proxy at the Meeting. The report of voting results will be made available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov .

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