GREY:BHNGF - Post by User
Post by
cpacon Jan 04, 2007 8:42am
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Post# 11953935
$100 US Uranium in 2007
$100 US Uranium in 2007CIBC World Markets now predicting $100 Uranium in 2007... I would say that this would go a long way toward explaining how properties that my have seemed unecomomical at $35, $40, $50 or even $60 U308, will seem so this year and for the forseeable future (as demand expected to exceed supply over the long term. This speaks to blackgold's brainless commentary... not that this stock needs any help from me.
In addition to banks, the report recommends investing in energy stocks, particularly uranium and oilsands producers. CIBC World Markets has revised its uranium price target and now expects it to hit $100 (U.S.) a pound by the end of 2007.