The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Planned and Proposed New Nuclear Power Reactors Increase Worldwide
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JOHN WILSON, Resource Capital Research
(10/01/2008)
"...The uranium spot price is currently trading at US$60/lb (Trade Tech) back to levels traded in May, down from US$78/lb in January ‘08. The uranium price reached a high of US$138/lb (June ’07) before falling to US$75/lb (Oct ’07) and US$58/lb (June ’08). Forward indicators (fund implied price) currently indicate an expectation for the uranium price to trade sideways in the range US$55-65/lb. In the past 3 months the fund implied price has ranged from US$50/lb to US$70/lb. The industry average long term uranium price is US$80/lb, down from US$95/lb where it held firm for nearly 12 months from May ’07 to March ’08. World planned and proposed nuclear power reactors Planned and proposed new nuclear power reactors worldwide have increased in the past two years. From Jan ’07 to Aug ’08 there was an increase of 96 reactors from 222 reactors (Jan ‘07) to 318 reactors (Aug ‘08), a rise of 43% since Jan ‘07. This compares with 439 nuclear power reactors currently in operation and 36 under construction. A total of 60 new reactors are expected to be commissioned by 2014." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >