As reported yesterday in the Financial Times long term Uranuium prices finally start to rise from $60.00 / lbs to $61.50 for the first time since Jan 2011. The long term price covers material that will be delivered in two years.

Also it was stated that the Japanese town of Ohi just voted to restart 2 nuclear reactors, only 48 left to go.

Unrelated to the above, last Friday Cameco raised 1 Billion $. For what, they don't need the money for operations! most likely aquisitions, they own the property just south of us and they have been providing us technicial assistance. June / July should be a GREAT 2 months.

Cheers