Source: Barbara Templeton and Karen Roche of The Energy Report 7/22/10
http://www.theenergyreport.com/cs/user/print/na/6871

Apparently flouting the law of supply and demand and mystifying experts and analysts alike, depressed uranium prices present some excellent bargain-hunting opportunities for investors, according to Mercenary Geologist Mickey Fulp. In this exclusive interview with The Energy Report, Mickey shares some thoughts about his favorite players in the uranium space. He’s also keeping an eye on natural gas stocks.

The Energy Report: When we talked in April, Mickey, you said that the only sector you thought was absolutely undervalued as a whole was uranium, and that it had been beaten up a lot since mid-2007. You felt uranium prices should have started to rebound beginning in 2009, but they haven’t done so yet. What’s keeping prices down? Should we see a rebound soon?

MF: There has been a little encouragement in the fact that the spot price was up $1 over the last couple of weeks of June, but trading at $41.75 on the spot market is still very low compared to the uranium boom run up. Although it’s a minor part of the entire market for uranium, the spot market very much influences the price of uranium stocks.

TER: Will uranium ever return to the 2007 peak (read more…)