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« Laramide: An upside breakout | Main | Gold, Uranium and Industrials: Sell in May and Go Away? »
Monday
Mar262007

Uranium: How much?  $95.00!

The web site U3O8.biz is currently carrying a couple of articles that refer to the price of uranium as being $95.00 per pound.

The reports appear to be predicated on a TradeTech release last Friday, so it looks like we are on the move again!

This is an interesting quote from TradeTech:

“With a US producer expected to offer another 100 thousand pounds U3O8 in a sealed-bid auction near month-end, bidding in this auction is expected to be aggressive.”


Well, well, well, we can feel another trip down Imagination Lane coming on; those directors of the fictional Gigantum Power Corporation must be feeling the heat right now.

Hang on to your uranium stocks it is starting to get very interesting.

26 March 2007

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Reader Comments (4)

I enjoy the various articles which you have provided and would appreciate your consideration of offering them also in a printer friendly format as it would be great to be able to keep some of them in a printed form without the various accompanying details

Many thanks,

Gene Shannon.

March 26, 2007 | Unregistered CommenterGene Shannon

Once our IT man has sorted the Forum then this will dropped on to his list, thanks for your patients.

March 27, 2007 | Unregistered CommenterUranium Stocks

I enjoy the articles very much. I live near what used to be "The Uranium Capital of the World", that is, Elliot Lake, Ontario, Canada. (I live in Blind River, next to Cameco's Uranium Refinery). I have not heard any news of exploration of any kind in this area. There is still a potential of millions of tons of ore grade material. (I'm also a former geologist from one of the operating mines). Has there been any activity here lately? All I here is unsubstantiated rumours.

March 27, 2007 | Unregistered CommenterMike Lucko

Pele Mountain (GEM:TSX) advertises NI43-101 compliant resources of 33 million pounds at its Elliot Lake mine. I have also read that there are a number of other companies exploring and drilling in that area, as it was a previously producing area. I don't recall if there are any new discoveries made; it seems like it is the start-up of older mines but some research into the subject may shed light.

March 27, 2007 | Unregistered Commenterstoneygulch

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