CCJ - Uranium Participation: Uranium Prices Will Recover Eventually

• The company’s business is structured in such a way that its shares are meant to follow the price of uranium, which makes it a good way to get exposure.
• The global uranium market has an annual deficit of around 30 million pounds and prices need to recover to at least $50 per pound to incentivize the opening of mines.
• The Athabasca Basin is a terrible place for a uranium mine and the timeline for the recovery of uranium prices is impossible to predict.
• With this in mind, I think investing in Uranium Participation provides a very good long-term exposure to the uranium market recovery thesis.

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