Uranium economics...Watch for these drilled up reserves to be both significant and economic in the coming months.
Uranium is going up.
Further, If a multi-billion dollar reactor does not have a uranium supply as fuel, it will not be generating any juice.
Having said this, believe me when I say all heck is about to break loose in the Uranium market to the upside.
World demand=160 million lbs and increasing--reactors coming online and uprating for years to come.
World supply= not enough--95 million lbs or so
Prognosis is good for any and all uranium investors, in particular due the very small uranium company 'universe' that financial types need to round their clients 'model' portfolios with.
I believe one can throw a dart at a list of the Canadian Uranium companies and a year from now they will all be more expensive--due the increase and further 'high lighted' state of the Uranium industry.
Bear in mind, energy corporations will put out of the money uranium in to production to maintain plant operations.
How is this done you ask.
As usual, the populous at large within the particular 'utilities' billing area will fund the production indirectly through higher electrical bills or the lights will go off.
Ontario must build reactors again or go the way and experience the grief of California.
The future looks good for Uranium.
kass
--- I also fore see the return of the mid sized/production Oil/gas companies having a tighting and finite field of Acq. and drilling opportunities. Some of the most active Uranium hunters during the 70's Uranium crazy --$40 US / lb-- were in fact oil and gas companies Shell...Denison....etc.