After the article in the West Australian newspaper yesterday with Warwick Grigor clearly stating that PEN is well situated to take advantage of the increasing world uranium demand and price........you have to like this.
Uranium price to hit $140/lb: analysts
Mining News
Kate Hay ock
Thursday, 29 March 2007
EQUITY researcher Resource Capital Research has released a report suggesting that the spot price for uranium could reach $US125 a pound some time this year and $140/lb by September 2008 – an increase of 47% over the current spot price of $95/lb.
RCR managing director and analyst John Wilson said the main factor driving the price higher was a strong growth in new nuclear reactors, and with at least 48 new power reactors expected to be commissioned by 2013, the price indicators all suggested that uranium would be heading to even further record highs.
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