Uranium spot prices and future price.
Even though there has been a lot of negative publicity regarding Uranium, the market seems poised to "press ahead".
Spot prices were at $53/lb. at the low and now: As per trade Tech.:
"TradeTech’s Weekly Uranium Spot Price Indicator rose $7.00 from last week to $60.00 per pound U3O8, but dropped $2.00 from the March 24 Daily Spot Price." At one point one of the analysts said it briefly reached $63...though not stated on trade Tech.
Watching BNN on Monday, all indications from buyers and traders is: That the supply and demand are now even at a greater imbalance with the "rushed panic seller", and now the market is tightning up.....even with the Japanese problems.
Some very interesting reading regarding China's new reactors, the new safety features and simply China is still full speed ahead with reactor construction but with "reviews of their safety features". Link below:
https://www.uranium.info/
The consensus seems to be; don't rush in or out, take advantage of underpriced Uranium Stocks when comfortable, because whether or not we are for or against Nuclear power production.....it's going to happen and Uranium supply is now at a 25% deficit (BNN) for near future needs with explorations companies scaling back. The prices will have to go up, but supply cannot be met or guaranteed. That is why producers are now holding, not selling at current prices. The demand though is increasing!
In the mean time ESO can concentrate on the Donna (Dona) property which all indications from their fall drilling has a high degree of becomming another prime piece of exploration real estate.
If management plays their cards right they can produce a win, win situation for the company and their share holders.
Solver