enCore Energy (ENCUF), mcap=$123m, price $1.05 vs $1.02

$ENCUF pitch:
– A top pick for a bet on Uranium price spike for $150/lb by 2026.
– The company has 90m lbs of M&I resources across 4 locations in the US, coming online in 2023-2027.
– Fully funded to start production in Texas by Q323, reducing the risk of dilution.
– Great management track record – Chairman has grown his previous mining company 1000x before selling it to Uranium One, albeit that was 15 years ago.

$ENCUF valuation:
– With target production of 5m+ lbs, cash costs around $30, and Uranium price doubling to $100, enCore is trading at 1x potential earnings in several years.
– At 5x those potential earnings, could reach a $1.8bn valuation.

Exp. gain: 5x in a few years.

Full ENCUF write-up (free guest account required):

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