This is a company which buys and holds Uranium.
The one industrial commodity which has not suffered demand destruction is Uranium.
Mined supply is below demand from reactors and will continue to be for years, inventories are depleting.
New reactors are being continually commissioned, given peak oil this trend will likely accelerate.
The spot price is below the long term supply contract price..
Nufcor trades close to a 50% discount to NAV, which is based on spot prices.
So this is the cheapest uranium you can possibly buy.
Uranium prices are HIGHLY likely to trend higher due to fundamentals. In an upward trending market Nufcor is likely to trade ABOVE its NAV as investors will be willing to pay a premium to gain exposure to the movement.
Any supply disruption from a miner will lead them entering the spot market to keep their long term supply commitments, spiking the spot price above that of long-term supply contracts.
This is recession proof, half NAV and NAV will go higher and it will likely trade above NAV.
