Why Uranium?

We have conviction in Uranium because of supply and demand fundamentals and its current average price compared to the Nasdaq Composite.

Here is a chart showing the historic ratio of the Nasdaq Composite to the Uranium price per pound:

Based upon this longterm ratio and the current level of the Nasdaq Composite, Uranium should be valued at $138 / pound using the ratio’s moving average. Uranium is currently valued at around $30 / pound.