Most of the junior Uranium stocks in the same position; problem is there is not much demand for Uranium in the immediate future.
"For 2009 as a whole, the uranium spot price is forecast to average around US$46 a pound, which is about 25% lower than the average in 2008." However if you read on they suggest a positive outcome for 2010.
Source Daily Reckoning http://www.dailyreckoning.com.au/reports/uranium-2010.pdf
I still remain a little skeptical as another article I was reading suggested that demand increase could take many years to come into fruition.
http://www.world-nuclear-news.org/ENF_More_U_mines_needed_as_nuclear_grows_1009091.html
I guess if you do not mind tieing up your money for an extended period, it maybe ok. The other option is to wait for a run commencement as seems pretty stagnant for the time being.
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