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Author: eatnbybears Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 29  
Subject: Uranium Date: 12/5/2006 12:02 PM
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I don't trust the Russians, nothing worse that a broke Communist trying to understand Capitalism.

That disclaimer being thrown in there, there is the Canadian Company Cameco Corp (CCO on the TSX)

There is a shortage of uranium right now (Yellowcake) the demand is about 180 million pounds a year worldwide, and the supply is about 140 million pounds. Cameco is the world's biggest producer

Demand: There are 440 nuclear power plants generating electricity around the world, with another 82 reactors being built or planned for completion within 10 years.

Cameco is finalizing a deal with the Russia's Tenex to join up and do joint exploration in Russia and Canada.Cameco has worked with Tenex for a number of years and has an agreement to purchase uranium from dismantled Russian weapons


Another Canadian uranium company is Canada's SXR Uranium One, CA:SXR Stock (TSX)

I just started to look at the financials this morning, dont know whan I will get into them.

Bears
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