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Investing in Uranium: Nuclear energy going cheap

Posted April 24, 2008

“People have been calling the bottom in uranium for some six months or more now, and they’ve all been wrong.” — Dominic Frisby

by Dominic Frisby

Baltimore – (TFN): If there’s one area of the commodities markets that’s looking extremely cheap right now, I would say it’s uranium. Or rather uranium junior mining companies.

Uranium is in a bear market; the trend is most definitely down. But we are reaching a point where it’s hard to see how some of them can get much cheaper.

The problem is people have been calling the bottom in uranium for some six months or more now, and they’ve all been wrong.

Investing in Uranium: Nuclear speed

The fundamentals for uranium remain extremely strong. At the moment nuclear power is probably the closest thing we have to the silver bullet to deal with the looming global energy crisis. Despite the fear which surrounds nuclear energy, France, 80% of whose power supply is nuclear, has demonstrated that even relatively small nuclear reactors can fuel entire cities cheaply, efficiently and cleanly.

Meanwhile nuclear energy development in Asia is gunning ahead at, well, nuclear speed. We all know about China’s appetite for energy and what the country is capable of. Last month China completed a brand new airport in preparation for the Olympics. The entire process took four years. (It took us six just to get planning permission for Heathrow). Read on to learn more.

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Posted by Dominic Frisby · Filed Under Gold and Resources 

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