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« Michael Berry: Uranium—Part of the Energy Solution | Main | Going Nuclear: Obama’s Green Machine Is Ready to Go »

Uranium Update 14 April 2010

Uranium Spot Price 14 April 2010.jpg

The spot price for uranium has been below what some companies say they need in order to advance their mining projects. Will the price rise in the months and years ahead? And, what are the opportunities for retail investors? BNN finds out with Geordie Mark, research analyst, Haywood Securities.

Canada is now the second largest producer of uranium, with Kazakhstan well and truly holding onto the top spot. For Cameco fans he also mentions Cigar Lake as reaching its maximum output in 2017 and the start of production being projected as 2013.

By his calculations there are 500 reactors in either in the construction phase or on the drawing board which led to their long term outlook for the price of uranium as $75/lb, even though the spot price at the moment is $41/lb.

On the subject of uranium stocks he covers Paladin and the relatively a new story Mantra Resources.

Mantra Resources.jpg

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