-- The spot uranium price is US$53.25/lb, an increase of 33% compared with 3 months ago. -- The uranium price is forecast to reach US$65/lb by mid 2007, an increase of 22% over the current spot price and US$88/lb by late 2008, an increase of 65% over the current spot price. -- The near end of the "forward" curve, i.e. US$65/lb, appears to be priced into shares that have current or near term production potential (next 3 years) and where sales contracts allow spot market participation. -- 180 new nuclear power reactors are currently proposed or planned world- wide, which compares with 441 nuclear power reactors currently in operation.
Uranium companies highlights:
-- The market valuation of our selection of 69 Australian uranium juniors is down 1% in the past month, up 25% over 3 months and up 47% over the past year. -- By comparison, the market valuation of 93 selected Canadian uranium juniors is down 6% in the past month, up 9% over the past 3 months and up 85% over the past year. -- Following the April 2006 agreement between Australia and China that clears the way for uranium sales to China, Chinese investment in Australian uranium juniors looks set to continue. -- Development of Australia's fourth uranium mine, Honeymoon (SA, SXR), is proceeding. -- A number of junior uranium companies are expected to announce decisions to develop uranium projects in 2007.
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