Extract from Uranium Outlook Sunday, September 9 2007:… Remember...

Extract from Uranium Outlook Sunday, September 9 2007:

… Remember that the overall supply of Uranium is not increasing. We cannot meet current demands so what’s going to happen in the future when all these plants start to come online. China is adding one new nuclear plant almost on a monthly basis, Russia has just announced plans to build another 42 plants and they have also announced that they are going to build portable floating nuclear power plants that they plan to sell to almost anyone that can pay for them. Hum the future is strange here because every nation is busy building nuclear plants but none of them are allocating the same amount of money to finding new sources of Uranium. One day there is going to be a massive bidding war for uranium and it’s really hard to tell how high prices could eventually go but we are sure that they will be sky high.

Once again the smartest thing to do now is to look for uranium plays that are showing early strength and start taking positions in those for they will be the leaders of the next upward leg.

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