Q: Do you feel Uranium and Nuclear is really the long term solution for clean energy? If so, would Cameco be your best (safest) play in the space as a producer or would you pick a smaller exploration company? Thanks
5i Research Answer:
We do think nuclear is the best solution for what ails the world. It is clean, efficient and functional. Sentiment (post Japan) is improving and certainly this is being reflected in the sector, which has surged. CCO may not be the 'best' company as it tends to hedge its production too much, leaving plenty of upside on the table. But it is likely the safest for the sector, being one of the world's largest, growing fast, holding more than $2B in cash and generating good cash flow. Up 100% this year, it shows the 'safest' names can still do very well.