I thought spot price would be at $70 by end of March but at this rate will be there by end of January!!!
The Uxc uranium spot price (daily) was trading at $66.25 in New York on Friday!
This sort of rapid spot price rise will take high potential explorers like UNX through the roof...just on speculation! Watch the hedge funds really start to pour in!
The recent (and ridiculous) Chinese claim of having Mox capability (re-use) highlights just how DESPERATE global competiton will be, and highlights how serious national consideration for securing uranium supply upstream (i.e. at exploration level) will need to be for national consumption purposes and protection. Good to see Rosatom jump in. This will act as the catalyst for other countries to move in more aggressively. Certainly provoked China who tried a different approach first (recent claims through media). This has backfired and highlighted gravity of supply concerns even more.
This will be massive couple of months for UNX
Cheers
Pez
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