I stop well short of saying ‘memes’ as many of the plays we see have genuine fundamentals backing the bullish flow, and uranium itself has a solid investment case, with the market in a structural deficit and the cost curves of many producers at levels where the uranium price would have to really run further for producers to ramp up production. As mentioned yesterday, The Sprott Trust has bought some 25 million pounds of physical uranium since July and the fact the fund trades at a premium to net asset value installs a belief from the market that more purchases are to come. Naturally in this environment, the uranium ... (full story)