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Friday 4 August 2006

Info Post
Business Edge published a Q&A with Cameco CEO Jerry Grandey. He's confident about the future:
6. What's your outlook for uranium prices?

"I don't see much downside, given the fact that we've got inventories being rebuilt and we've got people that are speculating on the price of uranium. Particularly in the nearer term, there is continued upward pressure on the price. It's like any commodity and at some point the industry will overproduce and the price will go back down. But because we don't have 10 or 20 years of inventory hanging over us as we had in the early 1980s, I don't see the same downside. I think it will become much more like other commodities with shorter cycles of price increases and price decreases."
Read the rest right now.

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