U3O8 Uranium.

[lewinsky]

Momentum is building in the Uranium price.

http://www.financialpost.com/news/Ur...731/story.html

I brought back into DYL last week and think that the Uranium sector is one to keep a firm eye on this year.

AGS could be worth a look?

LEW

[Crypto Crude]

anyone got any thoughts about BMN...
and any other uranium picks?

.^sc

[JBmurc]

only one I still keep a eye on is ACB "world top 10 size U308 resource,, is in the process of completing a Bankable Feasibility Study at Letlhakane, which is on target to be completed in 2014, with first production anticipated 2015" (so nothing much in the Short term outside further increase in U308 or more coal discoveries .....J.V ,,,takeoever 2013 imho)

U308 tapping on bottom value and interest so prob great time to buy

ACB Only worth 29mill for... 351mill lbs of U308 JORC resource

From ann report--
"Letlhakane is likely the only major undeveloped uranium project in the world capable of being in production in the next five years at a capital cost of less than $500 million."

[JBmurc]

December 17, 2012 - 5:30PM

Uranium market returns to power

Global uranium demand is set to rebound as Japan's nuclear reactors are gradually switched back on by the new Liberal Democratic Party government, re-elected at the weekend after three years out of office.

Shares in uranium miners Paladin Energy and Rio Tinto's Energy Resources Australia have surged – by 7 per cent and 5 per cent respectively, at the time of writing – and the spot price of uranium neared $US44 per pound of uranium oxide.

UBS resources analyst Glyn Lawcock welcomed the news, saying it had been a "torrid" 18 months for uranium markets since the closure of the Fukushima Daiichi reactor following last year's Japanese earthquake and tsunami.

Japan shut down its entire fleet of 54 reactors in the wake of the partial meltdown, causing widespread power shortages and a rise in energy prices as coal, oil and gas made up the shortfall. Nuclear power is relatively cheap to run, once built.

Advertisement Spot uranium prices fell from their pre-Fukushima level of about $US65/lb to a low of $US40.80 in November and have recovered somewhat since. Nymex uranium futures closed at $US45.50 last Friday, the last price quoted by Bloomberg.

Mr Lawcock said until recently investors had been concerned that Japan, which had deferred some deliveries of uranium as stockpiles rose, would turn around and become a net seller into the world market. Paladin was better placed than ERA to benefit from a recovery in uranium prices, he said, because three quarters of its output would be sold at prices linked to the spot market.

UBS commodities analyst Tom Price said a restart of Japan's reactors would restore 20 million pounds of demand, representing 10 per cent of the world market.

Mr Price said Japan simply could not afford to replace its nuclear reactors and the coal, oil and gas substitutes "actually delivered very high cost power to the market. It's a critical issue for their industrial sector".

Mr Price said the indefinite deferral of BHP Billiton's Olympic Dam expansion, and the re-election of the LDP in Japan, were "two bull points" for the uranium price and UBS was forecasting a recovery to $US50/lb in 2013, and $US55/lb in 2014 and a long-term price of $US65/lb.

Junior Toro Energy is expecting a decision this week from the federal Environment Minister, Tony Burke, on its 100 per cent-owned Wiluna uranium mine in Western Australia.

Toro's managing director, Greg Hall, said Japan had been spending an additional $US100 million a day on extra coal, oil and gas to make up its power shortfall.

A new nuclear power safety regime would be in place by April and capacity would be restored through 2013-15.

[Skol]

2 of my picks for the 2013 share competition are uranium stocks, PDN and DYL. There's no way around it, nuclear reactors are still the way of the future, uranium's had a bad rap since Fukushima.

[JBmurc]

well I agree with you there Skol ...PDN is still great buying IMHO ... an explorer wise ACB has one very large world class resource
have been very temped of late ...currently overweight in Oil&Gas sector

[showstring]

uranium stocks getting a bit of interest again, has the cycle turned?

look at ERA... going crazy

[JBmurc]

Don't know why when you look at the low price ... $22.50 >>>

[Joshuatree]

$20.15 lb atm. A mate says thats re a third to half less then the cost of extracting it; something will have to give but don't ask me when

[shasta]

$20.15 lb atm. A mate says thats re a third to half less the cost of extracting it; something will have to give but don't ask me when

Still got an eye on Uranium wondering when it will come back into favour/if it ever does. Watching VMY in this sector