WCU 0.00% 23.5¢ white canyon uranium limited

Most of the junior Uranium stocks in the same position; problem...

  1. 4,409 Posts.
    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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