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« A Look at Strategic Oil Reserves – Who’s Buying Oil? | Main | Geothermal & Nuclear Energy Stars Spark Gianni Kovacevic’s Interest »

Uranium to hit $95/lb!

Uranium chart 23 Sep09.JPG

According to RBS uranium will almost double to $95/lb by 2011. This was part of an interview with Ray Goldie, analyst, at Salman Partners who was interviewed on BNNs SqueezePlay today. Just to keep us listening the figure of $150/lb is thrown into the talk.

Its an interesting video clip if you can find the time to watch it they talk about some uranium mines taking 11 years or so to construct and a similar amount of time is required to build nuclear power plants. Since 1980 the worlds consumption of uranium has outstripped supply. The main show stopper would appear to be political will and the amount of red tape that we have to wade through to get a nuclear mine or power plant into the construction phase.

Click here to watch the video.

Have a good one.

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Long term uranium price 23 sep 09.JPG

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Reader Comments (2)

Another 'mine' or better put source of Uranium is the nuclear arsenal that I see Obama wants to seriously cut down. Anyone any idea on how this latest cutbacks would effect supply? [I know the current agreement between the US and Russia is due to end -wot- 2013?]


September 23, 2009 | Unregistered CommenterNick Outram


Very sorry used the wrong link for the video clip, this has now been corrected.

September 23, 2009 | Unregistered CommenterUranium Stocks

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