spot price falls to new post-fukishima low, page-60

Thanks NS...

I am aware of this... Perhaps its a sign of capitulation...

Thursday 13th September 2012
Uranium prices may be down, but so are supplies. Demand for the heavy metal is rising fast, says Independent Researcher Alka Singh of Mine2Capital.

There are 433 currently operating nuclear power reactors around the world. Annually, they consume 177 million pounds (Mlb) of uranium. The world does not produce that much yellow cake. Last year, production was 130 Mlb. The gap is currently being filled largely by the Highly Enriched Uranium Agreement (HEU) with Russia and by other sources. As we approach the 2013 HEU Agreement expiry date, the supply/demand fundamentals will prove positive for uranium prices, and that will boost the price of uranium equities.

http://www.uraniumseek.com/news/UraniumSeek/1347579328.php