Comments: Just think about the locals in Virginia that bought the local/yokel u mining stocks at $100 a lb now at $43, no wonder they are hostile! Keep the Ban!
Nick Sas, The West
Australian February 13, 2013, 6:10 am
Cameco president Timothy Gitzel has declared the company's Kintyre uranium
deposit is officially "in the bull pen", indicating a uranium spot price of up
to $90 a pound was needed before the mine came into consideration.
Speaking on the project during a conference call with analysts in Canada, Mr
Gitzel said Kintyre, north-east of Newman, would need a much-improved uranium
market to pull it back out of the pen.
"If you follow the market, you've seen (our) competitors are using $75/lb
(spot price) to $90/lb or $84/lb or somewhere in that mark and we won't dispute
those numbers," Mr Gitzel said.
"I think something certainly north of where it
is today - in the $60/lb to $80/lb range - would start to get people interested
in moving projects ahead."
