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Message: China & India

China & India

posted on Mar 23, 2010 07:58AM

It would be nice to see Cameco take a interest in us, but even if they don,t there's always China & India who both need lots of hydro and nuclear seems the way of the future! Currently uranium is at $40.00 / LB at the low end of its trading range of $136.00 to a low of $10.00, so there is lots of upside with a increase in demand or depletion in stockpiles. I believe current demand is 170 million LBS / year while supply is @ 125MLBS with the balance coming out of stockpiles. Does anyone know what the current worldwide stock piles are?

Cheers

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