February 12, 2024 - The Gold Advisor

Join Jeff, Peter, Daniel, Sharyn, Victoria and Jenn at the Metals Investor Forum May 8-9!

Uranium Stays Aloft: The Kazatomprom Effect

From The Maven Letter: 7 February 2024

I’ve been talking about uranium a lot – and I’m going to talk about uranium again today because developments just keep feeding the bull thesis for this market.

The big news last week was Kazatomprom revealing just how much less uranium they will produce this year compared to what they were promising to produce just a few months ago. In the middle of January they warned this news was coming…but the details were worse than expected.

The miner cut 2024 guidance by 14.2%, erasing 9.5 million pounds of expected supply. That was perhaps in line with expectations. The worse part came if you paid close attention to what’s driving the miss, which is not only limited access to sulphuric acid but also that the big new mines Kazatomprom is relying on for growth are requiring more acid to produce each pound of uranium.

Acid needs are higher for two reasons: acidifying a new leach mine requires a big initial flush of acid, and these are big mines so that’s a lot of acid, and the geology at these new mines just requires more acid to pull the uranium out of the rock. Since Kazatomprom

…

I would like to say thank you for what you and your team do. I am sure that a lot of big wigs talk and follow you as they should but you are making a difference to us regular joe’s as well. That means something to people like us and we thank you for that!

– M.D

I loved your book, Jeff. Well done. I have been a stacker for ten years now and only started the mining stocks the past year and why I enjoyed your book. Peter’s Silver Bull was also great as well. My son and I follow you all and your podcasts. Thanks again.

– Nick B

The format of your website and newsletters is WAY better than any other newsletter I have ever seen – and I have seen a few. It is far more parsimonious, categorizes better and I can move between, portfolio table, overview of each stock and latest news easily – which is great for reminding myself of the basics and making notes on my charts as I mark them up. I haven’t used the free newsletters much but where they overlap with my holdings I may well start for the very reason I just stated. You are FAR more organized than your piers. Thank you again.

– Sam F.

Hi Jeff,Thanks for all your great advice. I am most pleased with the results. My portfolio of your recommendations is up well over 100% since January.

– Joe.H

Hi Jeff, It’s been about four years since our last contact when you were with Mike. I have stuck with your resolve over this time in that gold and silver were the future in wealth creation. Thanks to you I will be able to retire. When time avails I shall seek your audience to thank you personally. With all my gratitude,

– Dave C

I want to share how much I have enjoyed and benefited from the bundled subscription to the Paydirt Prospector and the Silver Stock Investor. The insights offered have been a true game changer for myself and my young family.

– Zachary M.

By the way you (Peter) are one of three persons who I owe them a big big thanks for their systematic approach , transparency great analysis and great forecast for future.

– Firas A-H

Greetings from the Netherlands. I just wanted to tell you I really like your content. It greatly helped me become a better PM mining investor. Please send this message to your team.

– Laurens

There are few people in the gold mining space with the honesty and integrity as Jeff Clark. Highly recommended!

– Aaron G

Dear Peter, dear Jeff’s two X, First of all, thank you very much for your professional, enthusiastic, and at the same time insightful work. I’ve been reading your articles for about two years now and I’ve noticed and continue to notice how good you are in my portfolio. What do I mean by that? Until now, I was used to searching for, evaluating, and then buying the smaller explorers myself. Since I’ve been on your site almost every day, and my risk portfolio now consists of about 40% of the stocks you present and manage, it’s a sign of the quality you deliver, and I’m happy to add it to my portfolio. You fulfill three important points of my assessment of “other opinions and research”: 1. You are invested in your stocks yourself, some more than others, but still invested! 2. It’s transparent that you receive money from some of the miners for your work, and if not more, then it’s also transparent and fair! 3. You have tremendous knowledge, great enthusiasm, dedication, and a very good information-gathering base. I greatly appreciate all of this from afar in Germany!!! So: please stay healthy and hopeful for a long time to come and keep it up!!! Warmest regards from Hamburg, Bernhard M. p.s. this email says it all:)

– Bernhard M.