I hesitate to push back at G&R... but I suspect they are missing the full-scale grid build-out that is likely in the US. It seems broadly bipartisan in support and is going to take a lot of copper and other metals. I am expecting a lot of the "environmental blockages" towards construction to be tossed out by the new administration. This is going to be a lot more than just major powerlines-- it will reach right down to the neighborhood level.
Transformers and wires will be a major, possibly profitable, constraint.
This is great - both LGs (Leigh Goehring and Luke Gromen) some of the most insightful and thought provoking guys I have ever known! I bet the four of us could have a conference call until our batteries run out some day. Well done Ferg!
I hesitate to push back at G&R... but I suspect they are missing the full-scale grid build-out that is likely in the US. It seems broadly bipartisan in support and is going to take a lot of copper and other metals. I am expecting a lot of the "environmental blockages" towards construction to be tossed out by the new administration. This is going to be a lot more than just major powerlines-- it will reach right down to the neighborhood level.
Transformers and wires will be a major, possibly profitable, constraint.
This is great - both LGs (Leigh Goehring and Luke Gromen) some of the most insightful and thought provoking guys I have ever known! I bet the four of us could have a conference call until our batteries run out some day. Well done Ferg!
Most U bulls do not seem to be factoring in U consumption from SMR's, as its a big unknown. This adds weight to that thesis.