Those who feel nervous from falling uranium price just by $2, have a read of attached above article(Dated 3rd March 2010).
Abstracts are: "China imported about 5,500 tons of yellowcake in 2010, according to physicist Thomas Neff, a uranium-industry analyst at MIT, while it consumes only half that much.".
Why China is importing twice than its need. Simple: future Inventory.
Any sensible country will build 5 years minimum inventory.
What if there is a war tomorrow which will last 4 to 5 years ?.
PEN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
