Source: traderdaily.com (1/23/08)
The uranium story is on fire, especially with smaller exploration companies in Canada.
There’s a current uranium shortage, which could drive the price though the roof over the next few years. Current mine production only fills 55% of the world’s reactor needs. In Canada, all of the present uranium that’s mined comes from two Proterozoic basins. However, there is a third basin - the Hornby Bay basin - containing the same type of geology, but has yet to be tapped. And one company Canadian company, UNOR Inc. (Vancouver: UNI), owns the bulk of the claims and leases.