What is the best play on higher uranium prices?

Dragonsbane answered 2 years ago …

Personally, I'd find a producer who is actually increasing production without any technical difficulties. I'd imagine this would be hard to do, though I'm not an expert on the uranium market. There is also an ETF that trades in Toronto that tracks the price of U308 (basically they just bought a pile of yellowcake and keep it in storage). But I believe it's probably trading at a premium to the NAV of the fund due to the lack of instruments available to gain access to Uraninium exposure. There is also a fellow by the name of Jim Dines who writes a newsletter specializing on Uranium. He's been quite bullish for years now, so you could look to him for a more technical opinion. As a side note, I would not invest in a speculative penny stock that has no production and only a moose pasture somewhere that "may or may not" have uranium there. Even should there be uranium there, the cost of constructing a mine and building the infrastructure is increasing so quickly that unless you have specific expertise in that area, speculation on the explorers would be a roll of the dice at best.