Uranium Update

With the flooding at the Ranger operations, we have seen, and will see, a stronger pinch to an already tightly supplied market. This past week, the wasn't much noise in the uranium price.

I don't expect that that quietness to hold. In the coming week, a U.S. producer is putting up 100,000 pounds of U3O8 for sale at a sealed bid auction. I expect the bidding to be aggressive as buyers look to get there hands on U3O8 at a fixed price. This auction might be the push that gets us into triple digits here. Stay tuned...