Monday, October 6, 2008

Uranium's Crystal Ball is Price Sobering







RCR QUARTERLY REVIEW

The growth of nuclear power is still marching forward but the aspirations on uranium's price have dropped back a peg or two, according to the latest quarterly research by Sydney-based Resource Capital Research (RCR).Author: Ross LoutheanPosted: Sunday , 05 Oct 2008

PERTH -

The industry average long-term uranium price has been downgraded $US15/lb by RCR's just-released quarterly Equity Research Report from its third quarter report to $US80/lb and saying that in the current quarter it will trade between $US50-65/lb.
At the time the report was released the spot uranium price was $US55/lb.

The growth of nuclear power is still marching forward but the aspirations on uranium's price have dropped back a peg or two, according to the latest quarterly research by Sydney-based Resource Capital Research (RCR).Author: Ross LoutheanPosted: Sunday , 05 Oct 2008

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