uranium spot price heading higher One aspect to consider is the Cigar Lake (CAMECO) mine flood fiasco *** Was to be in production in late 2007 but now may never see the light of day, but if it does, one would suggest not untill at least late 2009-2010. For those that don't Know the implications of the flooding of Cigar Lake *** Well it was to supply 17% of future world production when fully commissioned, and will have a MAJOR MAJOR impact on supply *** no doubt Uranium is heading to $70-$80 p/lb in the not too distant future and will be beyond $100 within 18 Months
Just remember ** CIGAR LAKES 17% uranium world production ****** LOST****** when anyone suggests uranium heading downward FACTS ARE IT WON"T :):) PALADIN * ALLIANCE * DEEP YELLOW * will be heading skyward :):)
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