Pretty big next week for Uranium:

􀂃"A major catalyst for a uranium spot price rally from here
is a successful US/India deal – the last main hurdle is
approval from the Nuclear Suppliers Group (NSG), which
meet on 21 and 22 August, and if passed, the deal will
be put to the US parliament in early September. We
would expect spot prices to be strongly supported by a
completion of this deal (particularly given positive
sentiment that may be generated by the Cigar Lake
news), despite a soft supply/demand outlook in 2008/09."

India, of course, is not an NPT signatory, so if the NSG do agree to sell to India, it will set a massive precedent.

India currentlty has limited U reserves and is desperately looking to source U.

The other thing with Cigar Lake problems taking out potentially 10% of the world's U supply, really opens up a supply problem globally going forward.