CA - Uranium Royalty: The Interests In McArthur River And Cigar Lake Aren't That Valuable
- Spot uranium prices have increased by over 50% over the past year, and Cameco is restarting McArthur River.
- However, I think that Uranium Royalty’s interests in McArthur River and Cigar Lake might be worth just around $30 million today.
- Uranium Royalty also has $98.3 million in physical uranium and securities, but its market valuation stands at $250.1 million.
- In my view, risk-averse investors should avoid Uranium Royalty’s stock.
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Uranium Royalty: The Interests In McArthur River And Cigar Lake Aren't That Valuable