set to soar .. uranium up 20 per cent

WMT rose into the mid 40s earlier this year. It has now broken its downtrend with huge buying support.

WMT is proving up with an aggressive drilling campaign what could be substantial uranium resources.

WMT is set to soar.

"Uranium oxide concentrate for immediate delivery, used to make fuel for nuclear power plants, rose to $90 a pound, from $84 at the end of last week, Denver-based pricing service TradeTech LLC said yesterday. The metal has jumped 20 percent in a month.

The advance ``gained momentum as news of production shortfalls made its way into the market,'' TradeTech said in a report. That ``prompted sellers to withdraw from the market.''

Production delays will worsen a uranium shortage that in June helped propel the price to a record $138 a pound. The shortfall in supply has already forced producers including Cameco and AngloGold Ashanti Ltd. to buy material on the spot market this year to meet contracts....

http://www.bloomberg.com/apps/news?pid=20601012&sid=ams8z6WYf84I&refer=commodities