Rick Rule's Favorite Uranium Stocks
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- čas přidán 31. 05. 2024
- I sat down with Rick Rule, CEO of Rule Investment Media and life-long mining speculator, on August 5 to talk about uranium, and uranium stocks.
In this clip, Rick Rule talks about some of his favorite, and less-favorite uranium stocks.
The highest-ranking uranium stock on Rick's list is Cameco, which he ranks at a 3, with 1 being best and 10 being worst.
The second highest-ranking uranium stock on Rick Rule's list is an African company that ranks a 4, but he didn't want to tell me which one that is as he doesn't "want to motivate competition".
Rick Rule told me that he doesn't like small US projects as they usually have to deal with the same problems, but have higher costs and eventually make less money.
"Both small mines and big mines have big risks, but only big mines can make you big money", Rick told me.
In Africa, Rick Rule told me that he likes Paladin, Lotus, Deep Yellow, and Global Atomic.
Watch the full interview for free here: resourcetalks.com/podcast/ric...
Important warning:
Antonio Atanasov is not an investment advisor. Antonio Atanasov owns shares of companies mentioned in this publication. 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 brain cells 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
00:53 Baselode
02:00 CanAlaska Uranium
03:20 Standard Uranium
04:54 Forum Energy Metals
06:00 NexGen, Iso, Fission
09:00 Rick's favorite uranium stock
11:30 Cameco vs Kazatomprom
13:25 Western Uranium & Vanadium Corp
14:40 African uranium stocks Rick likes
16:40 Bannerman Energy
17:37 GoviEx
20:47 Australian uranium stocks Rick likes
21:05 More Rick Rule rankings
Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.
Antonio if I could shake your hand I would. Thanks brother. You’re a blessing for many I appreciate you.
You're too kind, T. I don't deserve as much credit, though. It's Rick who's a blessing for us all, I would argue.
I'm only 4 minutes into this and this is already my favorite Uranium interview of the Summer of 2022. :)
That's very kind of you to say, JE. I've been appreciating all the recent support, sir. Thank you!
great interview! finally someone talking about single stocks in the uranium space! And not only the bullish stuff but also the critical points to look out for! Maybe you can get Mr Rule again to talk a little more in detail about the US companies ...
Thank you, Thomas. There are too many bullish-only channels out there. We don't need another one.
With M Rule it's always fun conversations and they keep you sharp cause you're trying to read between the lines...Thanks for including his website
Especially because you try to read between the lines!
Thanks Antonio - Rick’s detailed discussions of Kazatomprom and Cameco are a useful education for all energy investors
Thank you for the kind words, sir. I agreed.
Mr. Rule's insight into uranium mining investment is thoughtful and well-informed. As someone who spent a significant fraction of his career in the uranium industry and still does some consulting in that arena, I make a point of listening to any advice he makes public.
Now for a minor correction to a technical detail mentioned in the video starting at about 12:30: Kazatomprom's Inkai facility does not use a sodium bicarbonate leach but instead relies on sulfuric acid. To my knowledge everyone in central Asia uses acid rather than bicarbonate.
That's what I know, too. I think that's what makes them cheaper, too. Thanks for the correction, Jim!
@@ResourceTalks I think Kazahk U ISR facilities produce U at signficantly lower cost than those in other places for a variety of reasons. Perhaps the most important one is a combination of higher ore body grade and thickness when compared to other places. That means that every mine unit produces more uranium for the same number of injector/producer wells than is the case in thinner, lower-grade ore bodies. Fewer wells implies lower capital expenditure costs for developing mine units and lower operational expenditures because leach chemicals are less widely dispersed. Labor is also less expensive in Central Asia. Also environmental regulations in Western countries are sometimes inconsistent and at times unrealistic.
Nice one mate, remember the one you did like this last year with Rick Rule, helped out a lot.
Thanks, sir! I'm glad you're finding value in my learning journey!
I’m with you, my friend. You’ve become the CZcams voice I most regularly align with. For what it’s worth, I just sold a third of each of my holdings. I still have faith, longer term, that they are all good choices (and my choices are very similar to yours, gold, silver and uranium). I simply feel that we are riding a dead cat bounce in the market and we are likely to see much deeper lows, and I will start to accumulate once we are 30% lower in the general market. I might even diversify out to more mainstream stocks if something that’s a strong stock dips especially far during a liquidity crisis. I still remember telling my dad to buy GM stock in the winter of 2009 and he didn’t. Hopefully we can enjoy a beer together when this is all over. Cheers.
Thank you for stopping by, Mason. I appreciate the kind support. Don't put too much importance on my videos, though. I still have a lot more to learn.
Great interview! You got the mighty Rick Rule to actually comment on specific companies. He must like you! Bannerman should be his African "4!"
I have a suspicion you might be right, but don't know for sure. The rating's probably changed already anyways.
Huge respect for Rick as I can see you do too Antonio. 👍. Thanks again.
Thanks for being here, David. I do have respect for Rick. He's been of great help so far.
Thank You Rick - excellent interview
Thank you for being here, sir!
Great interview, as always. Thanks for all the work you do and share with the rest of us 🙏
Thank you for being here. It's really not that much work. Anybody can do it. Thanks for choosing to watch me, though!
Excellent interview. I have always wanted to see an interview with an actual valuation example.
Thank you for the kind words, sir. I'm glad you're finding value in these.
This is a fascinating interview. Nice job bro
Thank you, Matt. I appreciate the kind words.
Thanx for the interview. I think Rick had stated before a portfolio of 60% Atomprom, 20% Cameco, 20% China General Nuclear os sufficient.
Natural Resource is unlike COKE, one doesn’t want to overstay one’s welcome. For me, it is hard enough to make a BUY decision. It is harder to know when to sell.
Thank you for being here, DR. I appreciate the kind words and feedback.
In one of your previous interviews, Rick said something to the effect of "small mines give you the same problems as big mines do, but they will always make small money". That was the reason he did not own Santacruz. He also mentioned the success of Fortuna as one of the few exceptions.
Yes sir!
Thanks Antonio! It would be great to repeat the same exercise on silver and precious metals
Agreed! I gotta make it happen eventually!
Brief and brilliant!
When Rick says that only big mines can make him big money I dont think he is referring to possible company multiples, but more that because of his wealth he can only invest large sums in the larger companies.
Oh he definitely means multiples on his stocks. He barely ever buys in the open market. He finances companies so liquidity is not an issue.
It’s good he mentioned rankings a like a snapshot in time. It’s just like how a balance sheet or income statement is just a snap shot in time. Things always change.
Agreed!
I’ve recently sold Bannerman after holding since 2017. Currently I feel CAPEX inflation risk is going influence a company’s ability to build out their mines so now am concentrating on companies that have existing infrastructure that are producing or soon will be.
Bannerman likely buyout from Asia IMO. I’m holding for that. They wont have to develop the mine
The fact that Bannerman is high cost is what makes it most-attractive, in my eyes. That's because I expect a higher uranium price, which would make the company's NPV go from negative to positive, implying an infinite growth.
You rock Antonio, congratulations.
And listening to Rick, It is always a pleasure and very instructive ..and i would emphasize how he mention glo ceo growing up surrounded by Uranium u r a n i u m!!
Thank you for the kind words, Jon. I appreciate your support!
I'm a retail generalist investor and a "tourist" in the resource space. I like Cameco because I want to own processing capacity, not necessarily a mine. I see a greater shortage in processing than raw materials
Do you mean a "mill"? If yes, I think Energy Fuels has the only mill in the US, by the way.
@@ResourceTalks Canada is good enough and no, I don't necessarily mean a mill. I mean processing capacity, whether that's mill, conversion, enrichment, etc. All the value-added steps that are needed to make the uranium into fuel
Always a good listen,especially with Rick Rule.thanks 🙏
Thanks, Malek. I'm glad your finding value in these videos. I always appreciate seeing you in the comments.
Thank you for the analysis of NXE.
Are you holding that one?
@@ResourceTalks Oui .
Baselode is my second biggest holding in Uranium .. first is Kazatomprom for dividends .. and finally etf URNM .. best regards
Interesting. Why did you pick the uranium sector for dividends?
@@ResourceTalks not the uranium segment .. only Kazatomprom .. best and lowest cost producer
Kaztomprom is a uranium producing company. Why did you pick a uranium producing company for dividends? There are much better cash-flowing business out there.
Deep Yellow gets the 4. Gotta be. Great interview Antonio, lets go to uranus
Thank you, sir! I like the enthusiasm. F the moon, let's get to uranus!
Love it, Keeper it coming
Thank you for the kind words, Nils. I appreciate you!
I’m digging this OG right off the bat…..clever fellow😊
Thanks, Abdur. I'm glad you're finding value in these.
Antonio your and Ricks (future interview) thoughts on KAP. I was a value investor with appetite for Gazprom, Lukoil, sberbank etc. after getting clobbered there I have no interest in any Soviet block nations. Does he think the market will ever value KAP as it deserves or is it a forever value trap like Russia?
I am still holding my POLY shares. Stil down over 50%, even after adding on weakness. I'm not selling. Too high of a quality. Just my opinion, though. I'll have to get Rick back on to chat about Russia and Russian stocks.
Fantastic videos!
Thank you very much, Stu. I appreciate the kind words.
Amazing!! Thank you ser’s
Thank you for the kind words, Oscar! I appreciate you stopping by.
You guys together are the best
Why do you think that, Pat?
@@ResourceTalks I feel like a friendship between you too, something like a mentor teaching
I am new to Uranium, this is very informative, thank you!
Thanks for being here. Please do more research before trusting talking heads on the internet, though.
Yes sure Rick, you haven't looked into 92E at all 🤣 That's a good one! Awesome interview thanks!
Thanks for being here, Darren. I have heard many people saying that Baselode's got the bulk and the heart of that potential deposit, so looking into 92E doesn't make sense if you have Baselode, I've been told. I don't claim this to be the case, though and you'll have to do more rserarch to find out if that's true.
@@ResourceTalks Thanks for the response Antonio. Yes it's been very interesting and exciting watching both Baselode and 92e expand their drilling programs. I can't wait to see further results. I had heard some rumours that Rick was looking at 92e and he liked the look of their various land packages. Just hearsay though. Keep up the great work!
Hats off mate you do get some big dawgs on 👍
Thanks, Sean! Actually, Rick is very generous with his time, so I didn't really have to do anything to deserve it.
Someone know the rick Ranking for Deep Yellow ? Thx
I think that's the 4, not sure though.
@@ResourceTalks Thank you Antonio..like your Videos alot
Great information
Glad it was helpful, Trav. Thanks for stopping by!
This is one of the best rewatch videos in the uranium space.
Rick is awesome!
@ResourceTalks He shares his deepest wisdoms with you from his heart, not just probabilities and Rick-isms. He is very fond of you. Your conversations are among the most entertaining, positive, and valuable videos I watch on CZcams. You bring out the best of Rick, and he wants the best for you. Thanks for sharing - the love, the laughs, and the wisdom.
Which company is a 4 in Africa ? Global Atomic right ? Thx
I think it's Deep Yellow, but I don't know that to be true for sure.
I have a question, let s take a scenario of disaster at Zaporozhye nuclear power plant in Ukraine, what would the outcome look like?
Another Fukushima?
Excellent interview by the way!
I recently talked to Mark Nelson about this same thing. Video will be live soon.
Danke !
Thank you for stopping by, Axel!
So what is the best company to invest in at this moment?
Impossible question to answer. Rick's favorite uranium company, as he mentioned, in this video is Kazatomprom.
Too much Antonio,that was brilliant 👍
Thanks for being here, Craig. I appreciate the kind words.
Rick is funny when he does not want to answer ….”sorry what, no comment “
Too funny !!!
Haha, true!
What about Encore Energy?
We didn't have time to cover everything in this interview, but if you'd like to get Rick's take on things, I'd suggest you send in your portfolio for evaluation.
What about Denison mines?
You can inquire about it with Rick. I'm not a holder.
I remember I think it was a newsletter writer, talk about Fission versus some smaller company it was associated with. Alpha Minerals? Fission was supposed to be a safer bet. So I invested in Fission and I think they were at more or less the same price they're at now. Fission 4x'd. And that was great. But Alpha Minerals I think 23x'd. So I've been wondering about taking a stab at Forum.
Why Forum?
@@ResourceTalks I have no good reason. Every once in a while I just take a shot in the dark. The second Rick Rule said it was a 'sole' whatever. It just reminded me of Alpha Minerals.
What you think about Blue Sky Uranium?
I recently interviewed their CEO, that might help you form a better idea of the company.
😉
Thx for this interview. Do you know Derek Quicks channel on CZcams? Would be nice to do a video call with him and Rick together, you are more into the stocks and Derek is more about the uranium world news overall, could be nice
That you for the kind words and thanks for the suggestion. That's not of interest to me right now as I don't think DQ can add any value to my learning journey at this point.
@@ResourceTalks I understand, maybe in the future. You both always get me focused on something else to get time out out of my depression. Thank you sir! And always a big pleasure to get a reaction on my comment (dont be to kind sir 😉 ) Greating from Belgium. Always welcome to drink a beer here in the country of beers
Nederlands of Frans? Haha, ben zelf van België!
@@ResourceTalks No way no way haha 😀. Beiden, nen brusselair hier. Top man, ik vroeg me altijd af van waar da engels zou kunnen komen, klinkt perfect zonder enig accent. Doe zo voort, ben fan! Van welke kanten kom je? Vlaams brabander?
👍👍🇨🇦. Great content as usual
Thanks, Craig. It's all thanks to Rick, though. I had to do very little for this one.
What about Uranium Energy?
I am not a fan of the company, but the stock isn't doing all too bad, actually. I believe Rick is good friends with the management there, not sure, though.
Interesting one.Im more than guessing the 4 in Africa is Deep yellow
More than guessing, hu? Interesting.
@@ResourceTalks 🤣i know..and english is my 1st language
It wasn't a remark on your English. I'm curious as to how you know.
@@ResourceTalks well there,s no ceo in africa with the wit & know how better than Borshoff also Deep yellow has a massive resource near 400 million lbs and its diversified over a couple jurisdiction and looking to do more M&A.No one knows the cycle & complacations involved better than borshoff and the x paladin team.Course i could be wrong it could be paladin or Global to.who do you think it may be.?
Antonio, I could almost see your jaw drop (as did ours) when Rick said he was no longer in CanAlaska but had made 4x. Hurtful because you bought after your interview last year when he said it’s a penny dreadful he’d be interested in. Seems like he was pumping it. Oh well. We’re all left holding the bag.
Broke my heart.
He was Rick Ruled
Are you investing in Private Placements?
Rick is, I am not. I am not yet an accredited investor.
@@ResourceTalks Thanks for your honesty.
@@ResourceTalks Please highlight necessity for investors in PP's to have minimum of £100 k in order to invest (or maybe more ££/$$ now).
Last I checked, it was 1M net worth, not 100K.
Or, income exceeding 200K USD.
@@ResourceTalks Thanks 😊
i really like Rick and like rick i like my bits nice n cheap😉
How cheap?
@@ResourceTalks blood in the streets cheap😉
Ricks top 3: Kazatomprom, CCJ, GLO
Definitely NOT GLO. Listen again.
Why not GLO?
Big potential, converted to big results, will make you big money.
If you know how to execute, I guess?
@@ResourceTalks Speculation is the only way to truly life altering gains. One doesn't need to be invested in greenfield exploration to do so. With mining sector valuations near their troughs, it is a fortuitous time in my opinion to invest into significantly undervalued propositions. It doesnt matter what is in the ground if the people running the company on top of it, are incapable of executing the key milestones needed to extract that value. Know who you are investing with. Know the area you are investing in. How much gold historically has been found there. What is the approval rate for permitting. How much land ado they own and does that land continue the direction of the strike lengths. Optionality plays are even better. More chances to be right, rather than an all in for one approach. Are they capable of raising funds through hard times without destroying value. Do they make good decisions and create more value. All these things and more are critical to having some of the odds in your favor. But yes execution is key. Executing as an investor has its challenges. When to buy, when to sell. What to believe. Knowing what you don't know. There is always someone creating value and stealing value. I prefer to steal. It's only for the strongest of wills.
As a no ice invester I'm playing the ETF URA because I don't know what I'm doing
Why even get into this sector if you don't know what you're doing?
The Rule 🤙
Yes sir!
Good interview!
Check out Centrus Energy (LEU), up 62% in one month. It is a uranium enrichment play.
It has beaten earnings in 4 of the last 5 quarters.
How can you invest in Kazatomprom?
Thanks, John. I've looked into LEU a little bit, but my friend Chapman tells me Silex is a better option. Is that true?
Goviex 💰
What do you like about Goviex, sir?
@@ResourceTalks I can’t think of another company that has 150mil marketcap, with a clear route to production by 2025 and a resource of around 200 million lbs of uranium. Not to mention the high insider and institutional investors. Main risk is location, but most places are. I’m looking for pure leverage with a company that can actually produce this cycle
Should have asked him about the dyl /vmy merger also there I'd only one unarium miner in Aust now
I did. We talked about it for about 10 minutes.
@@ResourceTalks must have been a different video
Good old Rick. Pushing his bag all day everyday on every channel. Smart man
A bag? Do you really believe Rick, who was buying uranium stocks in 2018, is holding a bag?
@@ResourceTalks Of course he is.
Omg this yellowcake joke XD XD
I am sorry. I had to.
@@ResourceTalks Made me lol
Where is Energy Fuels?
In Utah?
@@ResourceTalks very funny 😆
Antonio, I want to know if you like Laramide 😉
Why do you care about what I like? I'm a nobody, I'm inexperienced and uneducated.
Hé cares because he likes you 😉. You hadnt a good moment answering this right. Better answer would have been: 'I don't like URANIUM overall, it makes me sick keeping it in my pockets.
@@ResourceTalks Good point :P
dnn
What do you like about it, Michiru?
@@ResourceTalks Mirae Asset Global Investments own dnn over 5% they are very well performing Korean investmen companie
I assume the unnamed African is Bannerman. Nice try Rick!
Why?
GLO
@@ResourceTalks 1st rule of the internet Antonio.... If you want the truth write a lie and wait for the deluge of replies. The right answer is usually in there somewhere ;)
He made it clear in other interviews DYL is very high on his list. This interview confirmed it when he "refused comment" on the African names he already discussed. BMN was not one of those name. He discussed BMN it later.
Now he likes Baselode?
Does he?
We have to forget uranium until 2025.
Still very early, very very early.
This is like a religion we have to believe.
Fully positioned, still skeptical.
Staying skeptical is healthy, in my opinion. However, I do hope to be out of uranium by 2025.
HOTDOG 🌭 RICK RULEZ
Why hot dog, though?
4 = Global Atomic
Is that now or back then? These ratings do change a lot.
@@ResourceTalks yes they can change but not a lot. It think mr Rick Rule is pretty steady in his investment choices
Sure, but the price changes. What's a good investment at $1, is no longer the same investment at $10. Rick says that often.
@@ResourceTalks completely true. But I think we are pretty early in the uranium bull market. Stocks and bonds are selling off in an energy crisis. We do not need a lot of money to come in this sector to go way up. And some uranium stocks will do better than others. 3x vs 10x. 3x is far away pretty good for me at least
Dude- what is your Twitter?
AntonioAtanasv
Rick is a brilliant prospector. He needs to do some prospecting on a new hairdressers.😝
Well, in all fairness, Rick has often said that his wife helps him pick out his clothes. He now seems to be in a different setting than his usual office, which makes me believe he's not at home, so he had to pick his clothes by himself. That didn't change the value he gave me in this talk, though.
Thanks for being direct and asking about specific stock picks. I don’t understand why more people don’t ask one of the most successful commodities investor of all time the one thing that everybody cares about. Good job!
Rick looks tired...
Aren't we all?
@@ResourceTalks yes hard working generous guys are all the same
Give him a brake
Yellow Cake (UK: LSE) - holds & stores Physical Ura. Long standing contracts with Kazatomprom.
Has mirrored the ups & downs of SPROTT Physical Uranium Trust.
Agreed. It's an interesting tool for diversification for the less risk-hungry speculator.
i love kazatomprom, anybody comments??
Rick said it's his favorite company.
What about if russia overtakes the region where kazatomprom is settled ? Is that company already in russian hands? Im sorry im a newbie
...and to be clear, im talking about stock price on short term, will institutions bale out? American and especially european investors, a direct sell off ?