march quarter u3o8 price chart

Let us see what we can read into implied price which ticked up by 5.227% to 55.16 on Friday

31 Mar 2011 MFURMDUR:IND O 59.50 H 59.52 L 58.99 C 59.01 High for Quarter 74.01 03/02/2011, Low 48.99 17/03/2011, Moving Average of Close 66.18
1 Apr 2011 MFURMDUR:IND O 59.02 H 59.02 L 58.74 C 58.74 -0.840%



MFURFIUP:IND MF Global Fund Implied Uranium Price represents implied uranium value of the closed end uranium fund Uranium Participation Corporation (TSX symbol U). This is used as a barometer of pricing sentiment on the underlying physical uranium price (quoted in $USD/Lb). As long as there is liquidity in the market there will be prices. This looks at the real time market value versus the value of its holdings - if it's trading at a 5% premium, then it'll be implying 5% over the physical price. In summary, this is a sentiment indication, not a level the physical market trades like MFURMDUR:IND

Uranium Participation Corporation investments in Uranium as at 28 Feb 2011
Uranium oxide in concentrates (U3O8) 7,250,000 lbs
Uranium hexafluoride (UF6) 2,374,230 KgU = 6,203,500 lbs U3O8
Total physical holdings of 13,453,500 lbs U3O8 are 15% higher than Namibian production in 2010 and almost 7% of estimated World comsumption of 195 million pounds in 2011

MFURMDUR:IND Data sheet


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