Jim Pelchat has been a nuclear engineer for roughly two and a half decades. He currently works at a nuclear power plant. It’s safe to say he knows his stuff.
On May 26, I had the chance of sitting down with him and asking all sorts of stupid questions. We talked about how much uranium inventory he thinks the utilities have, enrichment, conversion, Japanese restarts and more. Jim told me a lot of things about the nuclear industry that I didn’t know nor understand before.
In the second part of our conversation, we talked about Jim’s uranium stock market portfolio and his complicated relationship with Western Uranium & Vanadium, as well as UEC, GLO, URG, and EFR.
Important warning
Antonio Atanasov is not an investment advisor. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money and possibly most of your braincells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.
Timestamps
00:00 Important warning
01:00 How much uranium inventory is there out there?
04:30 Are utilities trying to corner Sprott?
07:30 When will utilities start signing long-term contracts?
09:30 The SWU prices have gone up, what does that mean?
13:30 Will the uranium price overshoot?
16:30 What’s overfeeding and why does that matter?
20:40 Do all utilities start signing contracts at the same time?
23:20 Japanese restarts and what that means
25:00 Japanese uranium inventories
28:30 When does Japan start contracting?
35:00 How long will the uranium price stay elevated for?
39:00 Why doesn’t Jim own Bannerman?
45:00 Western Uranium & Vanadium Corp
53:30 Why no explorers in the portfolio?
57:00 Uranium Energy Corp
58:00 More WUC
01:02:20 Are utilities going to make more or less money?
01:08:30 When will Jim start selling?
01:16:00 Closing thoughts & ?jokes?
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