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Any unhedged uranium miners?

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April 21, 2011 – Comments (2)

So I don't know a ton about uranium.  I started getting interested during the Japan earthquake and have been learning since.  Its come to my attention that spot prices for uranium have pretty much fully rebounded, but the miners have not.  I know that most uranium miners use legacy contracts to lock in a price.  Are there any that dont, or that use minimal contracts?  I would liek to know because:

1) I would like to find a company way off its high due to the fear in the uranium market, despite the rebound in price

2) I beleive the price of uranium will go a lot higher in the next 5 years, and a legacy contract does not give you the same kind of upside.

Thank you

2 Comments – Post Your Own

#1) On April 21, 2011 at 9:12 PM, ajm101 (32.68) wrote:

I don't know if they are hedged or not, but two minor uranium companies I own in RL are Strathmore (STHJF.PK) and Fission (FSSIF.PK).

 

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#2) On April 21, 2011 at 9:39 PM, mhy729 (29.82) wrote:

Haven't heard of Fission, but isn't Strathmore an exploration/development company, and not yet actually mining?

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