TradeTech is reporting a spot market uranium price of $50.75 per pound, with no change from the previous period. Japan's approval of the restart of units 3 and 4 at Kansai Electric's Ohi nuclear power plant has infused some optimism into the industry, but the announcement has not yet resulted in higher spot market prices or transaction volumes.
It is expected that unit 3 will recommence operations on July 4 "at the earliest," reaching full nuclear power generation by July 8. Unit 4 will follow slightly behind, beginning generation on July 20 and reaching full power by July 24.
That's what i was thinking re time frames of drilling, i.e they're buying now knowing how good the results will be based on what they've already found. Fingers crossed anyway. I especially liked the bit about it making us rich and allowing us to retied :)
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