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:
![](http://www.kineticrockets.com/wp-content/uploads/2021/01/nasdaq_to_uranium-1024x636.png)
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.