Seasoned resource fund manager Warren Irwin returns to the show to share his current uranium market outlook and how he recommends playing the uranium equities. He offers a more tempered expectation of where the uranium price will go saying: “the uranium bulls of the world will not tell you this. And I’ll tell you this right up front. Trust me, man. There is no shortage of uranium in the world. You could get a good run here. And I’m selling into that run. I can tell you that for sure. I’ll be selling into it. Because long-term I’m a believer that there is plenty of uranium out there and probably, let’s say, at $75/lb. you could get a lot of production at 75 bucks. There’s supply, in time, that is hitting this market.”
0:00 Introduction
1:55 Warren’s fund has made about $100mm already on NexGen in last 6yrs
4:23 How Warren views the uranium market
11:45 “Uranium Bulls will not tell you this”
22:15 Biggest risk for uranium investors
27:47 Possible objections to Warren’s outlook
Warren’s fund: https://www.rosseau.com/
Warren’s Twitter: https://twitter.com/bigdude6669
To learn about Warren’s first-hand experience with the Bre-X mining scam of the 90’s listen to our in-depth interview from PDAC 2018:
http://www.miningstockeducation.com/2018/04/warren-irwin-discerning-mining-stock-scams-from-bre-x-until-today-top-hedge-fund-manager-shares-insights-pdac-2018/
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