LONDON (ResourceInvestor.com) -- After rocketing from $7/lb in...

LONDON (ResourceInvestor.com) -- After rocketing from $7/lb in 2001 to a peak of $136/lb in June 2007 the price of uranium has since undergone a significant correction, trading in the $70-95/lb range for the last six months. Shares in uranium companies have generally followed suit with many 50% or more off their peak.

But in the last week the market has exhibited signs of strengthening and analysts from the Royal Bank of Canada Capital Markets have been telling clients that the market could be set for a strong rally.

It seemed a good moment for Resource Investor to revisit the team at New City Investment Management responsible for the Geiger Counter Fund [LSE:GCL] which invests in uranium and nuclear energy markets to hear what they have to say. Here Geiger Counter fund manager John Wong talks about his take on the outlook for uranium.