This from (MiningMX Sep. 22, 2010)Rand Uranium Co project not...

This from (MiningMX Sep. 22, 2010)

Rand Uranium Co project not feasible at current uranium prices: Construction of the proposed R 3.5 billion [US$ 492 million] Rand Uranium plant to be built near Randfontein could be delayed because of current low uranium prices [at $45/lb Sep-Oct 2010].

That's according to Harmony CEO, Graham Briggs, who was replying to a question posed after his presentation to the Denver Gold Forum being held in Denver, Colorado. Harmony holds a 40% stake in the unlisted Rand Uranium into which it injected assets formerly belonging to the Cooke and Randfontein sections of the Randfontein mine including the high uranium grade Cooke tailings dump. Briggs told the conference that: "Rand Uranium is a great project at a uranium price of $65/lb. At prices closer to $45/lb it is not so great and you probably would not make that investment."

Current U3O8 Average Spot US $57.13/lb ... was $73/lb in Jan 2011.

Then there's this from

http://moneymorning.com/ppc/Uranium_110211_c.php?code=X304M203&gclid=CJqv7uq1v6gCFQP1bwodq3Kbpg

While the Japan nuclear disaster caused investors to go on an immediate panic sale of uranium... our latest report shows why this current price dip will play in your favor. And why now may be the best time to invest in this proven energy commodity.

Not only are prices the lowest they've been in months... making it a great value investment... our report has uncovered several key factors that point to a uranium rebound - all the way to $140.

First, the uranium market is facing a severe supply shortage.

Currently, uranium miners produce 40 million pounds less than the world's nuclear power plants need to run at capacity - and that doesn't include the 150 new nuclear power plants already planned for construction.

Countries, from the U.S. to India and China, say they are moving ahead with their nuclear power programs, after incorporating new safety precautions to prevent a disaster like the one seen in Japan. This news alone is enough to drive up uranium prices.

kbxk508