Uranium price explosion is just the beginning; You ain t seen nothing yet says Rick Rule

The uranium market has been plagued by illiquidity, but with the advent of metalbacked funds, like the Sprott Physical Uranium Trust Fund (SRUUF), the problem of liquidity is alleviated, said Rick Rule, director of Sprott. The Trust was launched in the summer, following the reorganization of the Uranium Participation Corp. , and the price of uranium subsequently rose from 30, lb to above 40, lb on Friday. Rule told David Lin, anchor for Kitco News, that the current price is still cheap, especially when considering that most uranium producers in North America cant yet restart operations even with 40, lb. Operations have been suspended due to a combination of uneconomical uranium prices and COVID19. Follow David Lin on Twitter: davidlinTV Kitco News is the worlds, 1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you marketaffecting insights,