Hi Duty
We might well see Macquarie's forecast of spot rising to $75/lb by second quarter 2011 and even your $80.00 within a year.
U spot has already risen from $58.00 to $72.60 in last three months alone. That 25.2% per quarter rise is just not sustainable where the Industrial Metals index has only risen by an over-acceptable 8.2%.
It is pretty certain Newmont will want out of PDN although they are unlikely to dump their shares (historically Newmont was into U and other minerals but the big thing for them now is Copper and Gold).
Cheers
the 3 deltas for price rise are with us, page-3
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$10.09 |
Change
0.190(1.92%) |
Mkt cap ! $3.016B | |||
| Open | High | Low | Value | Volume |
| $10.16 | $10.19 | $9.99 | $15.71M | 1.562M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1986 | $10.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.10 | 5000 | 1 |
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