Q: Good Morning Peter and Team,
My question is about the uranium market generally. Rick Rule from Sprott USA was on BNN last week recommending Uranium Participation Corp (U- TSX) Memories of the terrible tragedy in Japan two years ago are slowly fading and if the Japanese economy picks up they will have to restart the nuclear plants that have been shut down there since 2011. Mr. Rule claims that the spot price of uranium will increase to $80/lb from the present $40. I would appreciate any insights that you could share. Thank you. DL
My question is about the uranium market generally. Rick Rule from Sprott USA was on BNN last week recommending Uranium Participation Corp (U- TSX) Memories of the terrible tragedy in Japan two years ago are slowly fading and if the Japanese economy picks up they will have to restart the nuclear plants that have been shut down there since 2011. Mr. Rule claims that the spot price of uranium will increase to $80/lb from the present $40. I would appreciate any insights that you could share. Thank you. DL