Watch the Uranium Stocks
Source: The Australian, Robin Bromby (4/20/09)
". . .investors are now thinking long term - thinking about all those nuclear power stations that have to be built. . ."
Uranium announcements became few and far between. Most were ignored. Some uranium companies turned to other metals in order to stay alive.
That was then.
While the spot price continues to languish, some investors are now thinking long term - thinking about all those nuclear power stations that have to be built if (a) the developing world is going to produce enough electricity to meet the rising demand and (b) the so-called greenhouse effect is to be minimized.
What is also interesting is that, while South Australia has had the running to itself on welcoming uranium mining, much of the enthusiasm now is for Western Australia following the change of government (and policy) there.
The biggest loser: Queensland. With its continuing ban on uranium mining, the state is going to miss out on the next uranium wave.