THR and other uranium exploration stocks will start to feel the benefit of a more optimistic view of uranium price outlook. According to Bloomberg who today is quoting Goldman Sachs JB Were and Rio Tinto, the demand for uranium is likely to commence rising very sharply almost immediately due to China and India. Spot prices are forecast to rise from the present $US57 per pound to $US90 which has been the producer price for most of the uranium sold over the past year.
It looks as though uranium will once again become an exciting commodity to discover and mine. Conix
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