info on u

LOL Leech not sure if they will be bothered given the other 1000 U exploration companies out there.
He is a prediction on spot price of U some time back in 2007...
"Schatzker's forecast for uranium, which sold for an average price of US$47.91 a pound last year, is $145 in 2008, $130 in 2009, $115 in 2010 and $100 in 2011. He foresees drops of $10 per year after that until 2015, and his expectation beyond that is $35 per pound."
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And more recently
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Author: Rodrick Mukumbira
Posted: Friday , 09 May 2008

WINDHOEK -

Yellowcake miners and processors are on a massive mission, flexing their financial muscles investing in new uranium projects and expanding existing ones, in the face of the metal's spot price that has recently caught a cold.

The uranium spot markets are under pressure and the price has been in freefall. In late June last year, uranium spot prices hit the highs at US$136 per pound, from a low of US$7 per pound in 2000, bolstered by a tight market and speculative buying. Currently, the price is down by slightly over 60% from June's, sending quivers throughout the markets.

This week, leading industry consultant Ux Consulting revised its uranium spot price indicator to US$63, $2 less than fellow consultant TradeTech's weekly benchmark, and less than half the peak of US$138 per pound uranium seen a year ago.

This came in less than a week after both the consultants lowered their long-term price benchmark to US$90 per pound uranium from US$95.

Bloomberg reports that last week investment house Macquarie was forecasting an average price of US$65.10 per pound this year and US$60 per pound next year, which was a sharp reduction from its previous forecast of $89.90/lb this year and $82.50/lb next year, an issue it attributed to a "minor"' supply surplus.

According to South African Business Day, London-based securities house Fairfax concurred with Macquarie saying market participants were reluctant to conclude deals as a surplus was expected next year.

But such a bleak short and medium term outlook in the uranium spot markets has not deterred the miners and processors, who are on the prowl, clinching new acquisition deals, with some expanding their existing projects with the feeling that markets will turn around again.

Among recent uranium-related announcements, this week, French mega nuclear reactor builder Areva finally decided to build a US$2 billion uranium enrichment facility in Idaho. This will be Areva's first United States uranium enrichment facility.

It said in an announcement that this decision was made after an extensive analysis of several potential sites throughout the US, including a location halfway between Carlsbad and Hobbs. Areva will now seek approval from federal, state and local agencies, including a license from the Nuclear Regulatory Commission, to construct and operate the facility.

Brinkley Mining is now looking for uranium in southern Sudan after the company was last week awarded a provisional prospecting licence over an area of over 5,000km of Budi County in the country's Eastern Equatoria State. The licence is effective until 21 February 2009 and is renewable annually. Brinkley says it would limit expenditure until Sudan has a clear mining law.

AIM-listed Kalahari Minerals raised its stake in its Namibian investment, Extract Resources, which is drilling the Rössing South prospect for uranium, after Extract said drilling was confirming a large mineralised system in the area.

Chinese companies have not been left out in the race to secure the commodity whose prices are falling relentlessly, venturing into very unstable territory. Last month two Chinese domestic energy front-runners, Sinohydro Corp. and China Nuclear International Uranium Corporation teamed up to sign a uranium mining and metallurgy turnkey project in Azelik, Niger.

Under the contract valued at US$139.92 million, the two state-owned companies will jointly establish a 600,000-ton uranium mine project as well as purchase and install two 6MW power generation sets in a gas-fired power plant and a metal hydrometallurgy plant in the African country. Construction is scheduled to take 900 days.

While most companies are searching for uranium properties, other companies are fast tracking their projects to come on stream this year. Uranium One Australia's Honeymoon project is expected to begin in the fourth quarter with a ramp-up to 880,000 pounds U3O8 per year.

Canada's Cameco Corp. also announced on January 2 that normal mining activities had resumed at its Rabbit Lake operation, which is well ahead of schedule after sealing off the source of a water inflow that occurred in late November 2007.

Paladin is currently working on an expansion programme at Langer Heinrich that is expected to ramp up production to 3.7 million pounds of yellow cake per year.

Bloomberg reports that Russian state-owned mining company Uranium Holding ARMZ will treble output to 10,300 tons of uranium a year at a cost of US$8.6bn with assistance from Russian billionaire Oleg Deripaska, Cameco and Japan's Mitsui.

AngloGold Ashanti's uranium production is expected to increase by more than 60% by 2012.

Despite the uranium spot price uncertainty, Investec Asset Management paints an optimistic picture on the commodity's future. In a presentation on the outlook for commodities last month Investec said it was positive on uranium in the long term because of the role nuclear energy would play in demand and potential supply shortages.

Macquarie is also confident that a possible supply disruption can easily reverse the negative outlook.
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Not much has changed since I was singing the praises of Uranium a few years back. Glad I got out of it while ahead. Basically Number of users of Plants vrs number of possible supplier of Uranium = an excess of a dangerous resource that the person who exports it will be responsible for disposing. Hmmmm you must ask why would the government get involved in a huge way when the rest of the world is quite capable of sourcing it from someone else and sending it back? So unless Macquaries magical supply disruption occurs which has happened in the case with Cameco in 07. Spot price for U I cant see turning around..........
But hey thats just my opinion and I'm just silly......