Everything I read is pointing to the uranium spot price to consistently be in the 80-90 range in order to entice exploration and bringing online additional uranium mines. And if that is the range targeted, you can guarantee traders and speculators will shoot it past it. IMO, it will touch $100 late 2011, but maybe find strong mental resistance in that area.
Either way, it bodes very well for the North Pipes. If more supply is not initiated soon, there is going to be one hell of a supply crunch a few years down the road. One would think the asian economies relying heavily in the future on uranium, would ensure that does not happen.
JMO.
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