The uranium equities basket (URE and UME) measured against spot uranium price shows equities are historically cheap relative to the commodity—not quite as cheap as the COVID crash but near the beginning of the 2020 bull market, yet this occurred with uranium at $80 per pound (versus $26 for URE), representing significant underperformance.
factualpending
Speaker
Justin HuneaultEvidence Quote
“if you measure the equities let's say Ur andm as a basket of equities against the spot price the equities are historically cheap they are uh not as cheap as the covid crash but almost and they're basically back to levels that right towards the beginning of the bull market in my opinion December 2020”
Created: 8/12/2026, 6:05:51 PM
My Notes
Loading notes...