excerpt from *s t o c k h e a d article this morning
Uranium is up over 10% in two weeks and breaching US$70/lb, representing a 25% lift in spot prices over the preceding two months.The Sprott Physical Uranium Trust (figure 5) is slightly above its net asset backing by 0.25%.
CAMECO CFO Grant Isaac stated last weekend he thought the days of buying US$40/lb uranium and also US$50 and US$60/lb were over, stressing the need for more supplies.
Ann: Equity Placing to Accelerate Uranium Drilling, page-17
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