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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$13.99 |
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Mkt cap ! $4.182B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198 | $13.99 |
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| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 5278 | 3 |
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