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Message: Uranium One Picked in Latest Prospecting Journal Commentary

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Uranium One Picked in Latest Prospecting Journal Commentary

posted on Mar 18, 11 08:05PM

Excerpt from the full article on ProspectingJournal.com:

URANIUM ONE INC. [UUU – TSX]
Current Price: $3.93
52 Week Range: $1.97 - $7.02
Mkt Cap: $2.32B
Despite the calls from doomsayers to end the production of nuclear power once and for all, there will continue to be a demand for uranium. If we’re ever going to get to a day with electric cars, and greener technology, we’re going to need the power to do it. The disaster in Fukushima is an exception to the rule, with spent uranium rods being left in precarious pools, all while being in a plant built on a fault line. Not every country’s energy management is so careless as to its nuclear placement.

Right before the disaster happened, UUU was about to purchase Mantra Resources [MRL – TSX], which fell 33% in the aftermath. Comparatively, UUU fell only 6%. And despite the fact that Germany is temporarily pulling the plug on its nuclear power suppliers, this isn’t the litmus test of the world’s need for power from this source. Germany’s power suppliers won’t go down without a legal fight, and while Japan rebuilds its power supply, China will plunge forward with its nuclear needs. This all said, Uranium One is a fantastic buy at $3.93. It’s practically half off! So, when China begins its construction of additional nuclear facilities, the demand for uranium will return, if not surpass where it was on March 10, 2011.

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