Rick Rule’s Uranium Conference Call Summary: 10 Key Points

Recently Rick Rule of Sprott US Holdings, Inc. held a conference call focused on Uranium investing with Sprott Private Wealth clients. Sprott provided the transcript of the call to the public. In this video Bill Powers summarizes 10 key points from the conference call:

#1) Supply destruction drives commodity bull market
#2) Early stages will be volatile
#3) Equities have overshot and 2017 will be choppy
#4) Uranium price remains weak due to oversupply
#5) Japanese reactor restart is #1 catalyst of rising uranium price
#6) Only 6-7 uranium companies worth investing in
#7) Uranium juniors became overbought in near-term
#8) Must have 3-5yr outlook when investing in uranium companies
#9) Overall market decline would see drop in resource equities
#10) We might be seeing false dawn of rising uranium price

http://www.mining.com/web/rick-rule-on-uranium-early-means-wrong-unless/