Uranium Price Could Reach $100 per pound by 2013

Uranium investing interest could enlarge extensively according to the bullish outlook of Mark Lackey, Investment Strategist with Pope &amp Company with his forecasts for enlargement in the uranium mining industry,“If you look at the accord right now a lot of people are saying $60 to $65 [per pound of uranium] for the next number of years spot and maybe $70 long term.

Long term is [currently] trading at $64 [per pound of uranium] that is not mostly bullish the reason that we have a different view is twofold number one we don’t think a few of the supply will come on when people say it will, because if you look at mining in general there are usually delays and we are seeing a lot of water issues in countries these days and economic nationalism and the second thing is that the Russians will stop export particularly enriched uranium in 2013 and where is that shortfall going to be made up?

Some people are saying Kazakhstan and Namibia, I don’t think we’ll get the development in those countries that a lot of people recommend they will we think the prices will head up closer to $70 [per pound of uranium] next year and then in 2013 we can get back closer to $100.”