To all those investors hanging on for uranium markets to turnaround, RBC Capital Markets analyst Adam Schatzker has a message: The wait is finally over.
"We believe that the uranium market is in the early stages of a bull market rally that could last three to four years," he said in a note to clients.
From recent trough levels, Mr. Schatzer noted uranium equities have recovered by about 225% but still remain about 68% below historic peak values. He thinks it will take about two years to reclaim those peaks and points to the looming supply/demand shortfall as one of the keys to recovery....MORE
Thursday, April 30, 2009
Turnaround in uranium markets has begun
From the Financial Post: