chart, page-3

Hi Kanga,

From the paragraph you highlighted:

"Based on the 2004 nuclear electricity generation rate..."

I dont get too concerned with any predictions that were made in 2004. Its 2011 now and a lot has changed in 7 years. This is obvious from the link I posted to the global price of U over the last 10 years. Here it is again for emphasis:

http://www.infomine.com/chartsanddata/chartbuilder.aspx?z=f&g=127677&dr=10y


There is obiovusly not a meeting of supply and demand as your 7 YEAR OLD article predicted, and the market is responding well to U stocks. This is due to the power demands of India, China and the US needing to be met. One of the options these countries are turning to is nuclear power.

There are many articles supporting this view. Here is just one.

http://www.perthnow.com.au/business/nuclear-power-plants-by-2025/story-e6frg2r3-1225895563891


With such negativity towards carbon emissions, many countries are turning towards nuclear energy to counter this issue. The article above highlights 57 reactors currently being contructed, 140 have been ordered and the proposal of another 150. The fuel of these reactors is currently under demand, hence the reason for the current and sustained rise in Uranium prices.


Its a strange article youve posted Kanga. Are you a little unhappy with EVE's SP rising? lol. I know Im happy to be on board.