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March 22, 2013 / Jeb

Major Breakout for Uranium Miners In 2013

I have recently returned from the PDAC convention as an invited speaker.  This is the largest mining conference in the entire world.  One of the areas which is seeing increased investment interest is the overlooked junior uranium miners and explorers.  The uranium miners have been basing for two years following Fukushima shaking out plenty of the weak retail investors.  However, this undervalued sector may be poised for a major rebound in 2013 as I expect an increase of institutional interest and merger and acquisition activity.  Already the two year downtrend in the uranium prices is being broken to the upside after bouncing off three year lows.  

For many months, I highlighted the CB&I deal with the Shaw Group, the Chinese-Cameco connection, The Russians and Uranium One and the coming acquisition of junior explorers in the Athabasca Basin.  Witness the acquisition of Fission Energy, which borders the famous Hathor Deposit which was taken over by Rio Tinto in 2011.  Finally, after two years the sentiment has changed and is turning positive.  This sector is extremely active with investment interest and confirms my belief that the death of nuclear that was called by so many analysts over the past two years was premature.

Read the full article by clicking here…


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