Jim Letourneau's Blog

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Chart of the Year


You won't find a prettier chart than that of the uranium price. There is more expertise in financing junior uranium exploration companies than there is in producing uranium. Cameco announced that their Cigar Lake mine had flooded in October. Production was originally scheduled to begin in early 2008 but that will be delayed by at least a year.

Its hard to find a uranium junior that didn't at least double following Cameco's supply shock news.