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Cameco’s Australian uranium project in doubt, with 4 year record low price

Spot Uranium Falls Below $40/Pound Benchmark for First Time in Four Years http://uraniuminvestingnews.com/14766/spot-uranium-falls-below-40pound-benchmark-for-first-time-in-four-years.html   June 7, 2013,The West Australian reported that spot uranium prices fell to below $40/pound for the first time since August 2009, placing pressure on uranium explorers.

As quoted in the market report:

A hearty increase in the spot price is needed to force WA’s fledgling uranium sector into first gear, with Canadian giant Cameco indicating a price of more than $70/lb is needed before it can give the green light to its massive Yeelirrie or Kintyre deposits.

 

June 8, 2013 - Posted by | AUSTRALIA, business and costs, Uranium

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