Here is another short term price target for Sprott Physical Uranium Trust. Kazatomprom (the biggest uranium producer in the world) just confirmed that utilities (consumers of uranium) are concerned about future uranium supply. And Kazatomprom just initiated the creation of a new Physical Uranium fund (48.50% ownership) to also buy uranium to store instead of selling it to utilities. —> After a 10 year bear market, the uranium sector just became a sellers market (a market where the uranium sellers, producers, have the power to impose their terms) —> much higher uranium prices ahead! $CAT $RIO $GLNCY $BHP $BP
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