Unfortunately there are more than enough Uranium mines currently on maintenance to supply the needs of the 10-12 Japanese uranium plants expected to come back into production over the next 3 years.
Expected rises in the US dollar, and an economically desperate Russia selling her energy cheap over the coming winter, plus low oil prices, would permit one to think that the uranium price would be kept somewhat in check. 2010 was just the opposite.
But MNS do have to raise money soon, thats for sure. It may be from selling its small uranium reserves.
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magnis energy technologies ltd
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