every little bit helps

Prima facie, as price of uranium increases, value of 3G enrichment technology increase:

Cameco Corp. was unable to control
underground flooding at an unfinished uranium mine in Canada,
jeopardizing one of the richest deposits of the metal used to
make fuel for nuclear reactors. The shares fell 9.3 percent, the
most in five years.
Saskatoon, Saskatchewan-based Cameco, the world's largest
uranium supplier, said attempts to contain the flow of water at
the Cigar Lake mine had failed. The worsening flood probably
will boost uranium prices that already are up 54 percent this
year and may prolong the delay in completing the mine, which
Cameco said earlier today will be at least a year.
``The news has gone from bad to worse,'' Chief Executive
Officer Jerry Grandey said today on a conference call with
analysts and investors. ``The mine will be allowed to flood over
the next several days.''
Production of uranium at Cigar Lake in Saskatchewan had
been forecast to begin in early 2008 and utilities had been
counting on the new supply to meet growing demand for fuel to
run reactors. Prices had jumped to $56 a pound in the U.S. as of
Oct. 16, compared with $36.25 at the end of last year, Roswell,
Georgia-based Ux Consulting Co. estimated on its Web site.