How old is the GSJBW report mentioned in the article. The post qoutes the article saying spot price of uranium in June and on 7 July (or were those major typos) which seems to indicate this is an old report. Having said that I agree with the basic premise - look at the number of potential U-mines (EXT, BMN, DYL, PDN Malawi, Cigar Lake once flooding problems resolved, the various mines in Niger and AUS) and the proposed volumes (including proposed expansions of existing mines) and a lot of explorers are going to fall by the way side. It will be those who have high grade, low cost deposits (especially if near enough to a existing facilities not to need a large capital spend) that will get off the ground and be profitable.
another warrick, page-18
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