Matthew Smith of TheInvestar.com reports his Australian uranium...

Matthew Smith of TheInvestar.com reports his Australian uranium stock index closed at an all-time high this past week. The Canadian uranium stock index closed a few points below its record high set earlier in the week.

Smith observed AREVA’s developments in Australia. In an email, he wrote, “With AREVA being so active right now in Australia this tells us:


They think the 'Three Mines Policy' will be overturned at the end of the month.

There is a higher risk for the Athabascan mines than Cameco (CCJ) is letting on. Therefore, AREVA (whose subsidiary is an owner, through joint ventures, of many of the mines there) is diversifying and spreading their risk over many future deposits and mines.


They see increased demand in a large way down the road. AREVA would not be buying if they could not justify this. The larger miners are generally very conservative. American and Australian deposits are where the big boys will go first when buying. Then, they will gradually gravitate to the more speculative plays in Athabasca and elsewhere