In the interests of keeping the information balanced I thought I...

In the interests of keeping the information balanced I thought I would share this. Bank of America has downgraded Cameco from Buy to Neutral in part due to their lower forecasts for the Uranium price.

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In the report, Bank of America noted, “We are downgrading Cameco (CCO) to a Neutral from Buy rating, and lowering our price objective (PO) to $22/share from $25, following our commodities team downgrade of our 2013-15 uranium price forecast due to slower than expected Japanese reactor restarts after the country's nuclear accident at Fukushima in March 2011. We continue to view CCO as the ‘go to' equity in the uranium industry, however we expect CCO's main driver, uranium spot prices, to have limited upside until Japan commences its nuclear reactor restarts mid-2014.”

Read more: http://www.benzinga.com/analyst-ratings/analyst-color/13/09/3947890/update-bank-of-america-downgrades-cameco-on-lower-uraniu#ixzz2g9UFQMqp

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It is of course just one brokers opinion, and all broker 'predictions' need to be taken with a grain of salt sometimes.

I have read in other areas that we should see some reactors back online later this year and early 2014. However mid-2014 might be a more realistic target date.

It is worth pointing out that Ablation should lower the costs of producers and therefore increase profits even with lower Uranium prices, the Spot price as far as BLR is concerned is more relevant to the start up of Taylors Ranch.