Uranium spot price up to $41.00 overnight entering a bull run.
Last time uranium spot price entered a bull run, MNS (previously UNX) traded at a high of 89c. The Company has proven resources at Manyoni, Thatcher Soak and Mkuju. Mkuju has the potential to hold a world class deposit if nearology to the world class Nyota deposit is used as an indicator.
If the uranium spot price continues its bull run up to $70, over the next 6 months watch for mergers, acquisitions and JVs in the sector. Perhaps Sinosteel or SINOMA will be interested in a JV to help explore Mkuju.
Uranium bull run
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