Red-Hot Resources

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Tuesday, March 13, 2007

Price of Uranium Jumps Again!

Holy Moly!
(Sorry, I don't have a permalink to this yet)

The uranium spot price hit $90/91 per pound today after flooding at Energy Resources' Ranger Mine operation in northern Australia shut down operations and the company declared force majeure on its sales contracts.

According to TradeTech, one of the two companies that set uranium spot price indicators, "Even before this announcement, there were indications that the market price had risen, given responses to bids to purchase at higher prices."

Ux Consulting set the uranium spot price at $91 per pound.

So have you bought Small Uranium Wonders yet? Just asking.


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