Again, pasted on the other article i posted
If we look out over the next eight to 10 years, which is the amount of time it takes a nuclear power plant to become fully operational, the market is still about 400 million pounds short of projected demand.
The top 10 producers, which make up almost 90 percent of the uranium market, only produced 110 million pounds of uranium in 2010. In other words, uranium producers need to produce nearly four times the amount just to meet estimated new demand. The new supply will have to come from somewhere, or the price of the existing supply will need to increase to clear the market.
For uranium miners the market is red hot. For investors, shares of the best uranium mining stocks could represent the best energy investment opportunity in decades.
The World Nuclear Association's (WNA) chart below sums up why now is the time to get into uranium related investments. The world will be using more uranium for years to come - and many great investment opportunities appear in the midst of a supply crunch.
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.4M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $489.0K | 4.692M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
111 | 12879379 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 2235299 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
96 | 9628850 | 0.100 |
6 | 712626 | 0.099 |
14 | 613440 | 0.098 |
8 | 773638 | 0.097 |
12 | 2690590 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1509169 | 18 |
0.110 | 2678156 | 27 |
0.115 | 4799902 | 27 |
0.120 | 5864133 | 52 |
0.125 | 2581067 | 23 |
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