The uranium sector is hotFrom the Laramide press release issued this week:
While the uranium sector has been one of the strongest-performing sectors in the marketplace in the past six months, until recently, companies with Australian uranium assets have been laggards within this peer group. Xstrata PLC's $6.5-billion (U.S.) hostile takeover bid for WMC Resources Ltd. and its world-class Olympic Dam copper-uranium deposit has sparked renewed awareness that Australia is the world's largest source of uranium, with 28 per cent of global known recoverable resources. This increased interest in Australian uranium assets is also based on changing investor perceptions with respect to the risk associated with the public policy and permitting issues that would apply to any prospective new uranium project.