Deutsche Bank: Time to Buy Uranium Stocks

Source:

...A revision on Deutsche Bank's Global Market Research's June quarter assessment was that the projected 2007 spot price would average lower at $US101.35/lb, would then average $US128.75/lb in 2008 and be about $US130/lb in 2009 before tapering to $US95/lb in 2010.

Deutsche Bank’s Global Markets Research in Australia see now as a time to buy into uranium stocks and suggest Energy Resources of Australia Ltd which has the Ranger mine in the Northern Territory and Paladin Resources Ltd as the vehicles best placed to take advantage of the coming price rises in uranium.

...A revision on a June quarter assessment was that the projected 2007 spot price would average lower at $US101.35/lb, would then average $US128.75/lb in 2008 and be about $US130/lb in 2009 before tapering to $US95/lb in 2010.

A serious imbalance would remain between supply and demand until 2009 “at the very least,” the latest report said. However, “the risks for more potential market deficits beyond then are considerable.”

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