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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Lee333 who wrote (9600)3/30/2007 3:02:49 PM
From: AuBug  Read Replies (1) | Respond to of 30188
 
"Many producers are locked into contracts to supply uranium at prices that are a fraction of the spot market price. Newer producers are entering into contracts unheard of in the industry before, which give remarkably high floor prices but no ceiling level.

There are 150 buyers of uranium worldwide but only eight producers, Scorer said.

“New producers that are coming into the market are in a total wonderland,” said Robert Wallace, CEO of the UK’s Yellowcake, who argued that uranium prices were going through a third boom that was far more sustainable than the previous two.
"

Anyone know who the 8 producers are? Does that include the little guys like the Alta Mesa mine in Texas?

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