Is it finally time to look at uranium stocks? In early August, the bulls were drawing up plans for a march on US$200. Since then, the uranium price has fallen over 35%, which also happens to be a standard technical correction in a long-term bull market. Hmmn.
The correction in the market took all the wind out of the sails of uranium juniors. But we think that’s a good thing. Apart from some speculative forecasts on increased production in Kazakhstan, the fundamentals for uranium supply and demand are still bullish. In the juniors, it’s a question of asset quality.
We’re taking a closer look in the upcoming issue of Outstanding Investments at Aussie uranium juniors with quality in assets in States that do not require a change in political leadership for new mining to take place. Watch this space.
The Daily Reckoning Australia