Sweden endorses the use of nuclear powerthese are analyst's comments that came out recently. Remember Sweden is the number two consumer per capita of nuclear power in the world
Continental Precious Minerals Inc.2 (CZQ-TSX:
.75; Target: $3.00)
Sweden: Amendments Proposed to Allow New Nuclear Plants
• Changes to Sweden’s Nuclear Liability Act have been proposed to allow for the
construction of up to 10 new reactors. The proposal limits new builds only on existing
plant sites and only to replace currently operating units.
• Although the proposal is limited to the replacement of current reactors in Sweden, it
does effectively endorse the use of nuclear power in the country, and could pave the
way for future builds. We view this as a positive development for Continental
Precious Minerals, as its flagship Viken MMS deposit is located in Sweden, and
contains the world’s largest 43-101-compliant undeveloped uranium resource, at over
1 billion lbs of Indicated and Inferred U3O8.
• We maintain our SPECULATIVE BUY recommendation and target of $3.00.