The race has just started and the run in the uranium spot price has been many many years in the making !
there are many prediction heights and could spike as much $200-$500lb
who knows ? the demand for the stuff in this cycle is huge !
Just one serious buyer sput his Canadian listing has pushed the uranium spot price 40% to nine year highs !
wait till he lists on the nyse there will be plenty of wall st money ? as well as the long anticipated fuel boys trying to get term delivery contracts !
The last cycle the spot price reached about $140lb and stabilised at half that
this time I can see a spike to double it’s previous height and stabilise to half that again but who really knows ?
But know this as the spot price moves the uranium equates moves faster and will continue to rise because without a stable spot price the uranium sector cannot be valued ?
The race has just started and the run in the uranium spot price...
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