SYDNEY, AUSTRALIA - RESOURCE CAPITAL RESEARCH, an equity research company which focuses on small resource companies, today launched a major quarterly research report covering 26 global uranium exploration and development companies with a focus on Australia, Canada and the United States. Over 130 junior and mid cap explorers and development companies are identified with a total market capital exceeding US$6 billion.
The report notes that the spot uranium price is US$35.25/lb, an increase of 13% from the beginning of October and 70% year to date. The higher price has made historic uranium districts the centre of interest for companies raising money, and the renewal of historic projects is expected to gain pace in 2006 in Australia, the U.S. and Mongolia. Market forecasts for the long term price of uranium are US$28/lb to US$32/lb.
There are also indications that major mining companies are again interested in greenfield exploration.
To access the free summary report, go to www.rcresearch.com.au/feature. To purchase the complete 76-page detailed report titled "Uranium Sector Review" please e-mail johnwilson@rcresearch.com.au.
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