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re: uranium price - 493% gain in 6 years

  1. 4,327 Posts.


    Hi Folks

    Thanks for that article techno8.

    The chart for uranium is incredibly strong....up nearly 500% over the last 7 years without a fall.

    Little exploration for Uranium these last few years, coupled with, as your article points out, 178 new reactor projects coming on board in the coming years points to a stronger demand longer term.
    Add to that the diminishing supplies accessed from nuclear weapons ar senals, and the search for alternative energy sources and we can see that uranium is not only going to be hot these next several years during what will be imminent shortages.

    The good thing here is that although a number of uranium miners/hopefuls have moved strongly...a number are still to go much higher imo.

    Interesting times.
 
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