CEB,I think this will be the Chinese new year of Uranium.Our...

CEB,

I think this will be the Chinese new year of Uranium.

Our turn will come. This is quite an interesting article.

Doing the math at the number they are talking about & it's all good........


"A positive reaction for uranium stocks.."

"Any positive news in the marketplace helps the stocks,” says Dundee Securities analyst David Talbot. “I’m quite bullish. I think the spot price will average $65 [a pound] this year, and $75 next year"

"Analysts say that demand will run far ahead of supply when Russia’s 20-year deal to sell uranium recycled from nuclear warheads to the United States expires at the end of next year. That will take about 24-million pounds a year off the market.

About 170-million pounds of uranium was consumed last year, while only 140-million pounds was produced, said Versant Partners analyst Robert Chang. “Fundamentally speaking, we are already in a deficit.”

The shortfall will increase pressure to build new uranium mines, but miners cannot operate profitably at current long-term prices around $60 a pound, Mr. Chang said. “We need $70-a-pound uranium for new mines, particularly in Africa, and some executives say $80 to $85.”


Full article

http://www.theglobeandmail.com/globe-investor/uranium-stocks-on-the-rebound-as-several-countries-continue-to-look-at-nuclear-energy/article2363536/?utm_medium=Feeds%3A%20RSS%2FAtom&utm_source=Home&utm_content=2363536

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