RE: U spot price......careful......While I always agree to keep ones eyes open, I don't see ANY compelling factual data to support analysis to $55. To say "sources are out there" only takes into account buying for "today". As we all know there are a heavy number of reactors currently being brought into production, and the Russian weapons uranium supply to come to an end shortly (in 2013 I think). In the mean time very little (if any), new production has been brought on line recently. This is largely due to the low prices in the last couple of years deterring new lines of generation. While there is still a bit of play in availability of the product for today, it most likely won't be there shortly. Producers will be inclined to throw the odd bone here and there for low vol spot contracts, but won't be inclined for any cheap long term quantity ... which is what will drives the price. The price of uranium is quite small in relation to the cost of running a plant, so I can see why they won’t be "panicked". In turn it's not likely that a high uranium price will affect power consumption, and make nuclear power generation un-economical.
I actually found it kind of funny the analyst is quoted as saying they are have covered requirements through mid-term and longer-term supply contracts. His definition "mid" and "long" term differ greatly form mine as I would consider securing 3 years of supply (through 2013) very much short term. Jeez ... the plants consider a 3 yr stationary (paper / pens) contract to be short term, never mind the core product for operation?