here is why the URANIUM sector is exploding and will explode more soon :
from a report last Friday of a senior analyst in big fund
It's all about Japan. Japanese restarts should provide a psychological boost. Fukushima really ended the last uranium bull run and reactor restarts will likely get that going once again. Once Japan moves forward, the rest of the world will start to catch up on the uranium purchases they've been deferring.
Investors are likely to return at that point. Utilities will also have to return to term contracting as they do have significant unmet uranium requirements over the next four or five years. There are more reactors planned or proposed now than ever before, and we are seeing contract awards for construction of reactors, like in Turkey for example, and the UK reaffirmed its commitment to nuclear only a few months ago. We continue to forecast a supply/demand deficit by the end of 2014. By 2020, we expect about 240 Mlb of demand to be offset by only ~200 Mlb of total supply, including secondary supplies.
The U.S. imports about 90% of its uranium, yet we still have significant recoverable deposits.
Things are moving forward on the permitting front in the U.S., which remains the largest uranium consumer in the world with the largest reactor fleet. It produced only about 4.1 Mlb last year, which was about a 4% increase from the prior year. We'd expect that number to increase to perhaps 4.5–5 Mlb this year. Cameco is by far the largest producer in the country and plans to increase production at both its Smith Ranch-Highland plant in Wyoming and its Crow Butte plant in Nebraska. We expect combined production to improve from 1.9 Mlb last year to about 2.6 Mlb this year. That should offset some production losses from, say, Uranium One, which decided not to develop any more well fields at its Willow Creek in-situ recovery (ISR) project in Wyoming.
NXHZ is going to be part of this major Uranium rebound
Uranium stocks are going to heat big time and it started last week on many stocks
for example
The shareholders of two uranium stocks in particular enjoyed quite spectacular elevator rides up in recent weeks: USEC Inc. (USU) has gone from $2.96 on July 8th to closing at $29.02 yesterday, rising almost 900% in just three weeks
URRE from 2.50 to 5.50 in the last 5 days of july!!
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