$US40/lb next year? He told The Age (14 March 2006, p.2) that prices might average $US40 a pound in 2007, up from $US28 last year.
How about $US50? Uranium was poised to climb 27 per cent to $US50 a pound in the next six months because "there's not a lot of uranium available", said Jean-Francois Tardif, who put 8.4 per cent of his $C300 million ($A353.5 million) Sprott Opportunities Hedge Fund into uranium. The Toronto-based fund jumped 39 per cent in 2005 when its peers, on average, returned 9.3 per cent.
Anglicans clean up: Last year, the Anglican Church in Sydney took uranium off a list of unethical investments and its funds benefited from a 23 per cent gain in BHP Billiton , the No. 4 uranium miner.
$US200b invested in new nuclear plant: The uranium price last year gained 76 per cent, beating all but one of the 19 commodities in the Reuters/Jefferies CRB Index. Only sugar jumped more. After three decades of stagnation, the nuclear industry may receive more than $US200 billion ($A273.5 billion) of investment by 2030, according to the International Energy Agency in Paris.
65 new reactors being built or planned: As well as the 24 reactors now being built, another 41, with a capacity of almost 43,000MW, have been ordered or are planned, according to the World Nuclear Association in London.
The Age, 14/3/2006, p. 2
Source: Erisk - www.erisk.net
