Sorry to bore youJust a bit more infoWhile numerous uranium...

Sorry to bore you

Just a bit more info

While numerous uranium mining executives rejoiced over the spot price jump to US$60/pound, one CEO took it with a grain of salt. When we phoned Uranerz Energy Chief Executive Glenn Catchpole for his reaction to the market’s behavior, he took it in stride. After we informed him of the 7 percent jump in spot uranium, he dryly responded, “We as a company can benefit – the company will benefit from the increased prices.” He did acknowledge Uranerz was getting large trading volume. “We thought the stock would dip, but it hasn’t,” he told us, referring to large number of share which recently became free trading. Other than that, it was business as usual for Catchpole – getting his in situ uranium recovery operation through the final hurdles to join the ranks of uranium producers. After all, if Cameco won’t be mining uranium in Cigar Lake in the foreseeable future, someone has to.

Until then, we anticipate mining analysts will be upwardly revising their price targets on these and other companies. And so the flooding will continue, perhaps at both Cigar Lake and in the junior uranium sector.



Cheers