The Conversation (0)
Pele Mountain Resources (CVE:GEM) reports a large uranium resource from its Eco Ridge mine project provides investors with excellent leverage to uranium.
Pele Mountain Resources (TSXV:GEM) reports a large uranium resource from its Eco Ridge mine project provides investors with excellent leverage to uranium.
The press release is quoted as saying:
After forming a bottom around $40 per pound over the last two years, the uranium price has ratcheted higher in recent months. This price increase is now accelerating, with last week’s closing of $57.50 per pound marking its highest level since mid-2008. Likewise, Pele’s share price has also increased during this period, roughly doubling in the last two months.