Uranium to Hit $95/Lb!
Source: uranium-stocks.net (9/23/09)
"Just to keep us listening, the figure of $150/lb is thrown into the talk."
According to RBS uranium will almost double to $95/lb by 2011. This was part of an interview with Ray Goldie, analyst, at Salman Partners who was interviewed on BNNs SqueezePlay today. Just to keep us listening, the figure of $150/lb is thrown into the talk.
It's an interesting video clip if you can find the time to watch it; they talk about some uranium mines taking 11 years or so to construct and a similar amount of time is required to build nuclear power plants. Since 1980, the world's consumption of uranium has outstripped supply. The main show stopper would appear to be political will and the amount of red tape that we have to wade through to get a nuclear mine or power plant into the construction phase.
Watch the video