Uranium Expected To Perform "Relatively Well" in 2009—RBC

"The bank is forecasting an average spot price of $60 per pound for 2009."

RBC said uranium is expected to perform "relatively well" in 2009 as both utilities and investors have been showing renewed interest, resulting in record spot volumes in 2008 and the spot price rebounding from recent lows.

"Significant production cuts were announced in late 2008 and we think the supply side of the equation remains at risk, while demand appears to remain in line with our expectations." The bank is forecasting an average spot price of $60 per pound for 2009.

It recommended a "market weight" position in uranium and said if the operating risk associated with the sector is a concern, investors should consider Uranium Participation Corporation (TSX:U), an investment holding company that invests in uranium.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."