Uranium Exploration (U3O8)

[NYBob]

We are still in the early stages of a worldwide nuclear
energy blast off (I nearly said explosion!!) with new -
nuclear power stations under construction and an
ever-increasing number in the planning stages -

There remains a significant shortfall between the amount -
of uranium being mined and projected requirements -


There is recognition that nuclear energy is the only -
practical alternative to diminishing and ever more -
expensive fossil fuels in producing electricity and
of course in alleviating the global warming problem -

Australia is relaxing its prohibition on the number -
of uranium mines allowed to operate -

The USA has introduced a package of incentives to encourage
its utilities to move over to nuclear powered electricity -
generation -

China is on record as stating it wants to generate most,
if not all, of its growing electricity needs from nuclear
power and has already taken great strides towards this goal -

Despite the usual prevarication from the UK´s prime minister,
that country seems to be the only significant trading -
nation not to have embraced the new nuclear age -

We believe that the open trading of uranium futures is
most likely on the long term to give an added boost to -
the upward price momentum of the metal and widen interest
in the producers and those companies involved in -
nuclear technology -

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