"Cameco, the largest publicly owned uranium company, warns that there will be a shortfall in the availability of uranium as the world increasingly reveals the supply shortage for nuclear ore"
All within a stones throw of Lance
"Indeed, one of our selections Uranerz (URZ) has already begun construction on its large Nichols Ranch property in the mining friendly state of Wyoming and is beginning a major breakout past $1.60.
Production is scheduled for the second half of 2012. Cameco has announced that they will be actively searching for North American companies on the cusp of production. Uranerz lies directly in the proximity of not only Cameco, but Uranium One as well in the Powder River Basin. Do not forget the Russians and Asians are donning cowboy hats in Wyoming looking for their next target.
Already, Uranerz has entered into a pact with Cameco to refine Uranerz’s production at its nearby Smith Ranch right down the road. Cameco has expressed its need for uranium ore especially out of Wyoming, where it has not met its production targets.
We believe that Uranerz can fulfill Cameco’s needs. Cameco must act soon as there are other hungry giants in this area including Uranium One and don’t be surprised if Rio Tinto or an Asian consortium enters a bid.
A competition may arise for near term producers. China is on record that they have every intention of becoming a major player as they focus on the new western AP-1000 technology developed by U.S. based Westinghouse in clean, economical and safer plants as opposed to the antiquated CPR-1000. The need for uranium globally remains imperative."
M
PEN Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
