And this:
January 06, 2007 12:00am
Article from: The Advertiser
URANIUM prices are expected to continue to soar as global demand shows no signs of slowing.
Resource Capital Research, which monitors uranium producers and explorers in Australia and Canada, believes the spot price for uranium will jump from the present $US70 a pound to $US90/lb by mid-2007. It is forecasting a price of $US115/lb by September, 2008.
RCR monitors 65 Australian junior uranium explorers and 92 Canadian juniors.
In its December-quarter report, it says shares in its Australian juniors, as a group, were up 53 per cent in the previous three months and were 186 per cent ahead for the year.
Its portfolio of Canadian companies was up 40 per cent in three months and 143 per cent for the year.
New production by Australian companies has to come from overseas because of the ALP's no-new-mines policy but, with new federal ALP leader Kevin Rudd promising a change of policy at this year's party conference, that may soon not be a hurdle.
ABN Amro analysts believe that will favour Australian uranium miners with advanced projects in South Australia and Queensland.
"We believe a change in policy would lead to a re-rating of the Australian uranium explorers and potentially to further consolidation of the sector," ABN said in its December report. "In our view, those explorers with advanced projects will be in the best position to benefit from a potential change in policy."
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