Uranium Updates

1) The price of uranium is holding steady at $138 per pound. Courtesy of Resourcexinvestor.com ...
Four spot uranium buyers are actively seeking about one million pounds of U3O8 equivalent.

2) The OTC listing in the US for Uranium One (formerly SXR Uranium One) has changed. It changed to SXRZF from SXRFF. If you bought the US version of this stock -- and certain of my subscribers did just that -- make a note.

3) And Fronteer Development Corp's stock soared yesterday, but not because of its uranium. Its combined resource estimate for its Turkish gold deposits jumped by 53% over last year's estimate, to 1.5 million ounces of gold measured and indicated and 9.1 million ounces of silver measured and indicated. Nice move, Fronteer!

4) The Uranium participation Corp is now trading at a premium to its net asset value of 7.6% -- it's been higher and it's been lower. On the other hand, it figures its net asset value with uranium priced at $125 per pound. Sales from its stockpiles would probably go at the spot price -- $138 per pound. Figured at that price, the uranium ETF is trading at a 2.2% discount to its net asset value. I find that intriguing, don't you?

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