INTERVIEWS: Junior uranium explorer anticipating higher prices

Excerpted from Stockhouse Interviews

The five-year bear market in the mining industry has been a very difficult period for many metals markets and the companies producing and exploring for those metals. Nowhere has this slump been more difficult than in the uranium sector. In 2007; the price of yellowcake spiked to over $150/lb. After plunging to as low as $40/lb by the end of 2009, the price of uranium rebounded back to approximately $80/lb by 2011 — and then came Fukushima. The negligence which led to that catastrophe caused a kneejerk reaction from many governments, some reactors were taken out of commission and some future projects were shelved. At times, prices have dipped below $20/lb.

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