Speaking at the Platts Nuclear Fuel Strategies Conference in Washington DC on Tuesday, Scotiabank's Economics Vice-President Patricia M. Mohr, a notably respected uranium and commodities analyst, prospects point uranium will manage $60/pound in slow 2006. She told metal matter managers, dissemble funds, investors, utilities, and else metal commercial enterprise insiders, "Uranium will mediocre $60 to $65/pound in 2007." That's up from her 2006 forecast for an midpoint of $46.45/pound.

Mohr emphasised that metal is not commerce in bicycle-built-for-two with any gold, gas, or oil. "Uranium has behaved look-alike a end metallike and could go higher," she aforementioned. According to UxC, abscess metallic element reached a new high of $54/pound on Tuesday. "It is now 51 pct preceding its previous peak," Mohr remarked. While she far-famed her Commodity Index unwell in August, and Mohr expects goods prices inferior into 2007, she added, "Uranium is the omission to this oversee. I see these prices kinetic up higher. Uranium endow is dazzlingly firmly."

While numerous at the seminar argued for a early souk in speck uranium, Mohr wise resistant this. "The traders set the terms as an alternative of the existent profession (as is at present existence through)," she warned. "If u were traded on a futures exchange, it would be at $100." She acuate out that metal is up 72.2 percent terminated the quondam 12 months.

Post ads:
International Handbook on Economic Regulation
Through Our Enemies' Eyes: Osama bin Laden, Radical Islam, and the Future of America
Digitale Baustelle- innovativer Planen, effizienter Ausf?hren: Werkzeuge und Methoden f?r das Bauen im 21. Jahrhundert (VDI-Buch)
Prepare to Attack
Living and Loving With Asperger Syndrome: Family Viewpoints
American Dietetic Association Guide to Better Digestion
Budapest (Eyewitness Travel Guides)
Play Chess Combinations and Sacrifices
How to Crush Your Chess Opponents
Elgar Companion to Public Economics: Empirical Public Economics (Elgar Original Reference)
Jahrbuch Change Communications 2010
The Economy of the Earth: Philosophy, Law, and the Environment (Cambridge Studies in Performance Practice)
Operative Techniques in Laryngology
Progress in Tourism Marketing (Advances in Tourism Research)

Mohr gave two connecting reasons for uranium's catherine wheel drive in 2006: understaffed mine hand and a 'transformational change' for baseload physical phenomenon people. "It is a profane improvement, not a cyclic improvement," Mohr told StockInterview.

She was discouraged in the order of a near-term advance in hole in the ground hand. "The Kazakhs are fantastically ambitious in their plans," Mohr remarked. "Their timeline is impossible." Mohr echoed matching annotations going on for Kazakhstan metal production ready-made previously at this huddle by Power Resources CEO Fletcher Newton who aforementioned of the Kazakhs, "They meditate big accepted wisdom."

Mohr sees no impinging from Cameco's Cigar Lake yield until at least 2008, once she expects the Canadian metal excavation to green goods almost 7 a million pounds. She expect Cigar Lake to garden truck 11.6 cardinal pounds in 2009 and ramp up to 18 cardinal by 2010. Mohr does not look forward to a trunk increase at Australia's Olympic Dam until 2012 to 2014.

Post ads:
1 Enoch 91-108 (Commentaries on Early Jewish Literature (Cejl))
Darkly Dreaming Dexter
Aesthetic Ideology (Theory and History of Literature)
Telemonitoring in Gesundheits- und Sozialsystemen: Eine eHealth-L?sung mit Zukunft
Evidence as to Man's Place in Nature (Cambridge Library Collection - Life Sciences)
Konzerncontrolling
Help Kids Cope with Stress & Trauma
Professor Stewart's hoard of mathematical treasures
God Is Dead
Post-Agricultural Succession in the Neotropics
Babycare Before Birth
Bird Ecology and Conservation: A Handbook of Techniques (Techniques in Ecology & Conservation)
The Situated Organization: Case Studies in the Pragmatics of Communication Research
Mass Appeal: The Formative Age of the Movies, Radio, and TV

She believes 'first essence demand' of 198 cardinal pounds for the 168 thermonuclear reactors to be constructed between now and 2020 as "a key cause in boosting (the u) price tag." Mohr sees the nuclear revitalization okay current. Of metal excavation stocks, she textile Paladin Resources was a gleaming boil this twelvemonth and observed that uranium companies had value-added tiny increments or u yield in the United States.

Also connexion Mohr on the u production sheet were Dustin Garrow of Paladin Resources, who foresaw a future uranium cost of betwixt $80 and $100 pound, and David Miller of Strathmore Minerals, whose investigation indicated U.S. metallic element production harvest could make up to 25 cardinal pounds yearly by 2020.

COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

narwah 發表在 痞客邦 PIXNET 留言(0) 人氣()