Don't worry about responding to Fluffy - he is a long-time...

Don't worry about responding to Fluffy - he is a long-time uranium bear, even on no evidence. The fact that the spot price - let alone the long-term contract price - has been creeping up from the bottom over the last few weeks seems irrelevant....

And given all those new nuke plants coming on line in China, India, Brazil, and even Saudi Arabia, with the stockpiles being run down everywhere, the weapons-to-fuel program ending, and of course the Japanese starting to come back on line, the demand side of the uranium equation would seem that it should only get better from here.

Debt, production costs, etc may well put the kibosh on some uranium projects, but an existing producer, with backup deposits in Australia, Canada, and elsewhere, such as Paladin has, is more likely to weather the current storm, I'd suggest.