Bernhard, just a snippet of info which supports what you are saying and highlights how the likes of Cameco would perceive value in having a defined stake in the commercialisation of the technology. Comes from a longer article in today's age about expectation for uranium prices to increase.
"Production costs
Prices will have to increase if uranium production is to meet the rising demand, said Kevin Smith, head of uranium trading at New York-based commodities brokerage Traxys.
Canada's Cameco Corp., the world's largest uranium producer, reported it spent a total of about C$US45 ($US44) to produce a pound of uranium in the first quarter, compared with its average realized price of C$US40.85 a pound. While Cameco, which also mines gold, still posted a profit for the quarter, lower uranium prices are a problem for other companies developing new mines, according to Smith.
``There are a lot of production projects that are feeling the pain,'' Smith says."
Full link to the article below:
(http://business.theage.com.au/uranium-prices-poised-to-soar-20080624-2vpn.html?page=1)
Cheers, DL
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