Market Conditions Favour a Major Rebound in Uranium Sector

The Australian reported that market conditions are prime in Australia to support an “explosive” rebound.

As quoted in the market report:

The uranium price now sits below $US40 a pound, half the level required to get new uranium mines off the ground. For explorers, raising fresh equity to top up increasingly meagre bank balances is a near impossible prospect. Against that backdrop, however, is a strong conviction in the sector that their fortunes could be about to turn.

To view the whole Australian report, click here.