I wasn't all that bullish on Ur-Energy (NYSEMKT:URG) six months ago, as I thought the company's positive qualities
as a top-quartile U.S. uranium producer were offset by the ongoing
risks in the uranium market at that time (and excessive optimism for a
near-term price recovery). I didn't necessarily expect another 25% drop
in Ur-Energy's share price over the following six months, though, and
today's price is a lot more interesting as a play on an eventual
recovery in the market. Though I'm still concerned that Japanese reactor
restarts will underwhelm and that Kazatomprom is ready and
waiting to increase supply on a price recovery, the combination of
low-cost reserves, expansion potential, and disciplined management at
Ur-Energy is getting more and more compelling.
Continue here:
Ur-Energy Finally Seeing That Turn?
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