Source page 44 todays AFR/Bloomberg.
Blr is listed in a range of AUS u stocks and is the cheapest by far. The article has nothing much new, that research would not already reveal. However the new Futures market may raise a few questions.
Quote:
"The lack of transparaency in the uranium maket prompts a lot of questions when it comes to the real price of uranium and has led to the creation of a futures market on the NewYork Mercantile exchange. The market starts next month and Eley-Griffith fund manager Brian Eley believes it will be an important development. This new market for Uranium will offer a place for buyers to forward buy, producers to forward sell and traders to speculate. Those who used early stage exploresers as pseudo positions on uranium pricing may switch focus to the forward market. This would quickly put the junior end of the Austarlian uranium sector under pressure. Eley believes uranium prices will settle between $us40 and $us70 a pound after the introduction of the futures."
There is discussion for and against in the balance of the article.
Personally I think as demand is still outstripping supply
and will do for some time, the law of supply and demand will prevail as it has with nickle and copper.
DYOR though as always.
cheers
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