+$106 Uranium, China-Kazakhstan Issues, Cheap Junior Stocks | Ben Finegold Interview

$106 Uranium, China-Kazakhstan Issues, the HALEU Shortages, and Cheap Junior Stocks - this interview with Ben Finegold had it all for #uranium investors.
Ben Finegold is a uranium expert and market analyst who works for Ocean Wall, a corporate advisory and investments firm - oceanwall.com/.
More specifically, in this interview, we talked about issues with uranium in Kazakhstan, the Russian energy market, and the significant quantities of Chinese enriched uranium being imported to the US.
Besides that, we also discussed potential issues and opportunities in the sulfuric acid and uranium industries.
Ben also explained to me the challenges and complexities of the uranium supply chain, as well as timelines associated with bringing new uranium mines into production.
We also discussed the difficulties in sourcing secondary supplies, the potential of exploring foreign assets, and the risks associated with transport from Central Asia.
Ben also shared his view of the future for the uranium market, specifically regarding HALEU.
Timestamps:
00:00 recap
01:02 intro
02:01 why is China exporting uranium to the US?
05:17 how can China afford to export uranium?
08:04 will Kazatomprom import sulphuric acid from China?
16:07 what could happen if Ballestra goes quicker in production?
19:45 why is there a sulphuric acid shortage for uranium producers?
22:16 will Kazahstan start importing uranium from other countries?
25:38 what do Westerners not know about Kazakhstan?
30:59 will the revolving door continue at Kazatomprom?
32:42 is the Kazakh economy doing ok?
37:43 what is Ben’s approach to uranium stocks?
39:52 what would it take for KAP to outperform Cameco?
42:24 what is Ben’s approach to potential uranium producers?
46:35 what is a realistic timeline for building a uranium mine?
50:29 what are the challenges for bringing a uranium mine online?
54:17 when will the uranium supply deficit end?
01:00:56 could new technologies help for the uranium supply shortages?
01:10:23 what’s Ben view on the junior uranium space?
01:16:34 how many institutional investors are there in the uranium market?
01:21:23 who can build uranium mines in the Athabasca Basin?
01:23:31 what don't we know about the uranium market?
01:27:14 are Russian sanctions serious?
01:30:31 contact details

[@ResourceTalks]

For a different view on uranium, listen to this interview: kzbin.info/www/bejne/on3PnJWZrJt_e7s

[@mutantryeff]

Another great interview

[@larrybarken8443]

One of your best interviews. Antonio. Ben is fantastic

[@ResourceTalks]

Ben is not hard to interview. He's full of knowledge, and he knows it, so he's not afraid to share it. Thank you for the kind feedback, Larry!

[@gustavoberggren5250]

You're leveling up man. The competition got nothing on you. Slam dunk after slam dunk

[@ResourceTalks]

You're too kind, Gustavo. The oversupply in the podcast market and the copy pasta has got me a little worried, but with comments like this, we'll get through it. Thank you!

[@Mrtrancefreak50]

I listen to more than several podcasts and nobody comes close your level of pressing questions. You are truly delivering much needed personality and tenacity within this space, just keep doing what you're doing and one day you'll wake up and exclaim at your success!

[@derekcho2312]

Great discussion, "to go to the next stages, need institutional capital" It is all about liquidity. That is what we are waiting for.

[@ResourceTalks]

Yep. How long will the wait be? Thank you for the kind feedback!

[@Mrtrancefreak50]

Sooner than you think!

[@user-px8jx3ct3k]

Awesome interview, great questions and great info, keep up the fabulous work you do..... Thanks

[@ResourceTalks]

Thank you, N. I appreciate the kind feedback, and with your support it's easier to keep this up!

[@MS-dx6yz]

Great interview, as usual, sir. Keep up the good work! 👍

[@ResourceTalks]

Thank you, M! I appreciate the kind encouragement.

[@clintonweier3264]

Great interview Gentleman, loved it cheers from Australia

[@ResourceTalks]

Thank you for the kind feedback, Clinton. Always appreciate your comments from the land down under!

[@AndreA-ir2is]

Boom! Another cracking interview!

[@ResourceTalks]

Thank you, Andre! Always appreciate seeing you in the comments.

[@malekmalek9064]

Thanks Antonio again a very good interview,many topics got attention👍

[@ResourceTalks]

Thank you for the very kind feedback, Malek. Always appreciate the support!

[@marklammertink1]

Good job both you guys! Keep up the good work.

[@ResourceTalks]

Thank you for the kind encouragement, Mark. I always appreciate your kind words.

[@phillipwatts7226]

Excellent interview Antonio!!!

[@ResourceTalks]

Thank you, P. Appreciate you!

[@bartoort586]

The quality of your work is incredible and I love your humor. groot fan van je werk en hoop dat je youtube kanaal verder groeit,je verdient het.

[@ResourceTalks]

Bedankt, B. Ik waardeer de lieve woorden!

[@agentlemadness1348]

Well done - Thanks!

[@ResourceTalks]

Thank you, Madness. Always appreciate your kind comments!

[@hughincalifornia4809]

great interview, gets to important issues.

[@ResourceTalks]

Thank you for the kind feedback, Hugh. I'm glad you're finding value in these.

[@matthieu4000]

Excellent chat.

[@ResourceTalks]

Glad you're finding value here, Matthieu. Thank you for stopping by!

[@londonwiz8127]

Another good interview Antonio. 🤜🤛

[@ResourceTalks]

Thank you, London. I appreciate you!

[@paulmitchell7069]

So good!

[@ResourceTalks]

Thank you, Paul!

[@eoinmurphy572]

Great interview! 👍 this guy knows his stuff and he’s UK based like myself. I will have a look at more of his stuff.

[@ResourceTalks]

Oceanwall does very good work. Thank you for stopping by, E!

[@eoinmurphy572]

@@ResourceTalks As do you! 😉

[@Brandon-jw5cv]

Interesting to hear the difference between Centrus, Silex and ASPI. I'm definitely looking for exposure to the enrichment/HALEU sector.

[@ronwitzel3246]

There will be another promising Laser Enricher soon!

[@ResourceTalks]

Thank you for stopping by, Brandon. Good luck out there!

[@Brandon-jw5cv]

@@ResourceTalks great interview, I always feel like the Ocean Wall guys are the smartest people of the smartest people in the room.

[@benbover5879]

Antonio, glad you came in hot here with the China EUP selling. Since I ‘learned more about uranium’ I personally consider monitoring what China does with their inventory as the most important bear case to monitor. Sounds like you are on top of it as well. So far so good but if we see an uptick in any type of selling there that’s a time for me to seriously reconsider the thesis

[@ResourceTalks]

I would've been lost had it not been for Ken, though!

[@mikegould9278]

Another Gem Antonio you have really separated yourself from other similar channels 👍

[@ResourceTalks]

Thank you for saying that, Mike. I do try. There are so many channels.

[@luke4916]

This investment is easy, almost worryingly easy. Theres so much upside potential ahead for already well established and well managed miners. Again, thanks for covering this trade Antonio and hosting our Ben Fineuranium.

[@ResourceTalks]

Most uranium companies are very badly managed. Most of these guys are sitting on ran-through deposits that will never go into production, because it works for promotion. That doesn't mean the stocks won't go up, but it's not risk-free given most of the managements' histories.

[@eoinmurphy572]

Can anyone tell me the name of the Enrichmdnt company that Ben mentions? I can’t quite catch it.

[@benbover5879]

Yes, not ASPI and not Silex but the other one I didn’t make out either

[@ResourceTalks]

I believe the uranium-tech companies mentioned during this call were: - ASP Isotopes - Silex - Centrus Energy

[@scottburleson4882]

Love the videos, you look like homie from the movie "The Burbs".

[@ResourceTalks]

Nice. I can live with that. Thanks for stopping by, Scott!

[@arrogantprickly]

Wasn't the China EUP in question like ~500k lbs u3o8 equivalent? That's not very much.

[@ResourceTalks]

I believe it was more than that. However, the fact that it's going that way is interesting.

[@maxygg]

LTBR Lightbridge makes Lightbridge Fuel will make SMRs' more efficient and their patents are future money makers for them. Been a long time coming but the wait was worth it.

[@ResourceTalks]

When will they actually make some money, though?

[@robertdagge200]

Very good thanks. You really think Arrow will be built 'soon'? The current team might try and build it if they HAVE to, but don't have the experience and don't actually want to (think Pure Gold - see how that ended....) and anyway, they are already too well paid for doing next to nothing; Cameco said they don't want it; the most probable buyer (China) is not being allowed to buy due to US interference; and the only other coys that can afford it (BHP etc) don't deem hugely interested in uranium. And it's in the middle of nowhere.

[@ResourceTalks]

Define "soon". It definitely won't be easy to build Arrow. Thank you for the very kind feedback as always, Robert!

[@user-qe2ep3hi5l]

Clarify ur understanding - BF said they don't manage any assets at the firm.. ???

[@ResourceTalks]

They don't.

[@user-qe2ep3hi5l]

@@ResourceTalks So no skin in the game..just another pundit.

[@bobbiecrider6964]

👍👍

[@ResourceTalks]

Thank you for stopping by, Bobbie!

[@minutemaniii7062]

UUUU buy ❤

[@ResourceTalks]

Why?

[@MC-82]

Second best after Justin Hunh

[@ResourceTalks]

Justin should be back on soon!

[@socialseahawksfan9325]

If you are looking for the big moves, just comcentrate your money into a few names and don't jump from the next best thing to the next best thing. Just sit on it and let the imvestment ride for a decade or longer. Otherwise you're just gonna keep chasing and never hold long enough through a long boom cycles. If you're truely going for big metal gains you'll need to leave your investment alone for 25 years.

[@ResourceTalks]

A decade, though?

[@socialseahawksfan9325]

@@ResourceTalks I am still long amd that I bought in 2012 for 1.5$/share and Facebook/meta that I bought around the same time @ 6$/share. Both are 100 range baggers. You don't get those returns over less than a decade. Some of my energy stocks from 4 years ago are 18-50x. There is no quick path towards assymetric bet wins. A lot of the gold and silver plays are 2 decade plays. Younger folks need to learn to be patient and less emotional with their money if they want assymetric bet returns.

[@andregagnon7044]

what happens if Russia goes and takes Kazakhstan?

[@ResourceTalks]

Where will they put it?

[@Chad-mf5vo]

China will never let that happen and there is no real reason why Russia would.

[@andregagnon7044]

@@Chad-mf5vo Leaked audio reveals Russian plan to occupy Kazakhstan territory google it!

[@andregagnon7044]

@@Chad-mf5vo Leaked audio reveals Russian plan to occupy Kazakhstan territory

[@versonatura4353]

non sense

[@blauschuh]

$106? Wow, way to go way out on a limb. 🙄

[@ResourceTalks]

Read it again ser.

[@toppersunglasses9288]

Paladin

[@ResourceTalks]

What about it, sir?

[@mutantryeff]

!!!

[@ResourceTalks]

Let's go, Ryeff!

[@mutantryeff]

@@ResourceTalks I wish I could go. I had to call a mobile diesel repair facility to help me get a head bolt stud extracted from the block. $200 an hour and $50 fuel charge. Not sure how much that will actually cost me at this point. Maybe the truck will be back together in a week or 10 days, if I'm lucky. Going for epidural tomorrow.

[@t00mgoos]

JAUBS

[@ResourceTalks]

J what sir?

[@t00mgoos]

@@ResourceTalks yep

[@enzoloko7483]

EQUITIES WORSE THAN 21. My portfolio is the only one, the only one who says the truth.

[@ResourceTalks]

Okay.

[@garykaplan7611]

I was looking for something interesting so I tried a blind stab with you - - one can never read your arty-farty ransom note font to know who the guest is - - so Ben Finegold was a nice surprise. I'm always thankful to Ben for telling me about ASPI Isotopes at under $2. Antonio, I hope it's just weird lighting, but why are you getting raccoon rings around your eyes? Talk to a doctor.

[@ResourceTalks]

My lighting has indeed been acting up. Gary, you're the OG thumbnail hater. I still like them, though.

[@enzoloko7483]

Antonio can ask anything in the world except for what we are really interested. Money in equities. When and how much. We don’t care about clean energy, kazakistan…we are interested in money in equities. You have done tons of interviews and still don’t get it. EQUITIES: when and how much. Again: EQUITIES when and how much. Is it clear for you? Each time you are getting worse and worse as an interviewer. You Ask questions that we don’t care, please be a little more empathetic with the audience in stead of asking easy and uninteresting questions… You have good guests but never go to the important points.

[@ResourceTalks]

Everybody has a podcast these days, Enzo. You should start one, too. You've been saying "nobody asks these questions" for 3 years now, and I've asked every single one of them. Do a better job.

[@enzoloko7483]

Again, talk about when and how much can we see our equities. You are not direct enough, because you are too afraid of being too polite for the interviewers so make boring and questions that nobody will care about. Examples: Antonio: who can build uranium mines in Athabasca? ( WE DONT GIVE A FUCK) Good interviewer: Ideal questions: Why equities are not moving if there is a deep deficit? How people can trust equities with so many pullbacks? Two years away again? When will it be the real one? ( It has been said a lot) How can we know this time is different? How much upside can we have in equities? How much and why do you expect this kind of move in equities? ( Justin said 50x at 55m you NEVER ASKED WHY AND HOW HE STABLISHED THAT KIND OF UPSIDE) Is worthy the waiting and the volatility looking other assets? What are the inventories of the utilities? When and why will they see problems to contract? Will this be enough to see equities up? Dont you think there is a risk if spot keep high but equities dont move up ? ( trust of people, fall of global markets)? How much % cut of production is needed to have real problems of utilities and any utility dont have uranium? DARE TO ASK REAL QUESTIONS!!!!! YOU NEVER NEVER DO. DO SOMETHING DIFFERENT, BEFORE YOU WERE MORE DIRECT, EACH TIME YOU ARE GETTING WORSE. ASK REAL AND DIRECT QUESTIONS ABOUT EQUITIES. IT IS ABOUT TIME.

[@thorsrensen3162]

I have lost interest in uran investment and has moved over to gold and silver, mining which are much better plays. It gives much better returns.

[@electronpictures]

seems like the drifters are a rollin... me too.

[@ResourceTalks]

Everything can give good returns if you buy at the right price.

[@JasonISF]

What? Most Gold and silver miners haven't hardly moved yet.

[@thorsrensen3162]

@@ResourceTalks it is just like uran is so. boring and it seems that it has reached the maximum price allready. miners have hammered up during the last month.

[@martinwilby8942]

these interviews are way too long

[@ResourceTalks]

No, they're too short.

[@backyardgroceriesgmail6926]

I agree with the guest, except for the fact that Ontario has great top soil that is wasted by sprawl . Because of nutrient density and it's relation to health, I don't want his ideas about having food to be the last say

[@ResourceTalks]

Canada, in general, has great soil, I've been told. Is that true?