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    Summer slumber continues

    Melissa Pistilli
    Aug. 22, 2008 12:41PM PST
    Market News

    Uranium Investing News reports spot price for uranium market is $64.50. Price publishers Ux Consulting and Tradetech have both left their spot uranium price indicators unchanged at US$64.50 a pound U3O8 this week, but Cameco’s troubles have stimulated a market threatening to fall into a late summer slumber. Uranium Investing News & U308.biz editor, Luke Brocki  …

    Uranium Investing News reports spot price for uranium market is $64.50.

    Price publishers Ux Consulting and Tradetech have both left their spot uranium price indicators unchanged at US$64.50 a pound U3O8 this week, but Cameco’s troubles have stimulated a market threatening to fall into a late summer slumber.

    Uranium Investing News & U308.biz editor, Luke Brocki discusses several events on the spot price around the world.

    But it was news of Cameco’s Port Hope troubles that roused a multitude of juniors on the TSX on Wednesday. Winners included Cline Mining, which gained nine cents, or 11.8%, to close at 85 cents; Delta Exploration, which gained 3.5 cents, or 21.9%, to 19.5 cents; and Pitchstone Exploration, which gained nine cents, or 18%, to 59 cents.

    For complete story, click this link. Follow developments in resource mining and exploration for free. Sign on to the Resource Investing Newsletter.

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