Clearly north...from hereRumour has it many millions of pounds on properties yet to be announced...look at news pattern to this point and re-read very first news.
Rumour has it the exchange is heavily editing the 'true' pounds proven up by Union Carbide, Cameco etc....due the data being old and the new rules requiring a 'qualified person to signoff'
Rumour has it management will be at San Fran Gold show to meet American instit. investors and the like.
Rumour has it 'armchairanalyst' ( Mike Tymo ) was asked to go quiet for varying and sundry reasons ( could not even Guiness it out of him)as recently as a couple of weeks ago...this period lasted almost 3 weeks...the exchange was editing or something. However, he now starting to contact his broker data base ...apparently more than a few in Sask. where the uranium learning curve is not so large.
He also pointed out...Greg Barnes of Canaccord was in the Globe and Mail today " the uranium market is becoming tighter and tighter as each month goes by," Greg Barnes, metals and minerals analyst with Canaccord told Report on Business. Increasing demand for nuclear power means worldwide inventories of uranium have been falling steadily for th past 15 years. India, Russia and China are driving the sector. Mr Barnes said, " China has eight nuclear reactors in operation and hopes to double the number over the next 10 years."
Tymo informs me, the Chinese are not telling the truth...that is the mainland Chinese more like 50-60 to be built over the next 20 years...he also says to watch for Uprating ( ?? ) and re-licesing of plants that were due to be de-commissioned in the USA........
Link: https://quotes.freerealtime.com/dl/frt/N?art=C2004111700322e0810&SA=Latest%20News
Owners seek to keep Plymouth, Mass., nuclear plant operating through 2032
PLYMOUTH, Mass., Nov 17, 2004 (Cape Cod Times - Knight Ridder/Tribune Business
News via COMTEX) -- The owners of the Pilgrim Nuclear Power Station have renewed
efforts to keep the Plymouth plant in operation for another two decades.
In the coming weeks, Entergy Nuclear Operations Inc. will resume the process of
renewing the plant's federal license through 2032. The current license expires
in 2012.
I guess this is why Eric Sprott... figures...$50-100 per lb.
2004-11-12 08:29 ET - In the News
The National Post reports in its Friday edition that the world is waking up to the realization uranium is the fuel of a future. The Post's William Hanley writes that this is good news for Cameco and other uranium producers. And while the story is not new and investors have already made big gains in Cameco stock and related issues, uranium is still a hot property. The price of uranium has more than doubled to over $20 (U.S.) a pound in the past 18 months and some believe $50 (U.S.) or $100 (U.S.) is not out of the question. Sprott Asset Management head Eric Sprott says, "I think the whole nuclear industry will ultimately prove to be the key energy source of the future." Mr. Sprott says, "People might finally realize there is not an infinite supply of certain things that we rely on and that we might have to take a more pragmatic view of the nuclear option." He says the nuclear option is back on the table worldwide because of the dawning realization that fossil fuel supplies are finite and alternative energy sources must be developed quickly. "The fundamentals for uranium have not been this bright in years," said Merrill Lynch analyst Michael Jalonen in a recent report on Cameco.
kkkkkkrrraazzylikeafox
heads up Mike