Off oropas advanced gold for a min, just another positive for...

Off oropas advanced gold for a min, just another positive for little ORP is Uranium set to rally again according to below artice, we cant go past oropa recently aquiring uranium tenemants 3,500sq km in malawi with 1 of there leases 20km from PDN deposit:



Uranium poised for strong rally - RBCCM
Spot uranium market for 2008 suddenly sees market balance shift to a deficit, and could be “set for a strong rally”.

Author: Barry Sergeant
Posted: Wednesday , 05 Mar 2008

JOHANNESBURG -

Royal Bank of Canada Capital Markets is telling clients that "we think the sentiment of the uranium market has changed substantially in a very short period . . . our 2008 market balance estimate has shifted to a deficit (from a balanced market) and we think the spot market is set for a strong rally".



RBC CM puts its observations down to three recent events: Uranium One (UUU CN, C$4.90 a share) reducing production guidance from its Dominion mine in South Africa by 1.5m pounds a year; AngloGold Ashanti warning it may have to declare force majeure, and, Uranium Participation Corp. (U CN, C$11.65) buying 900,000 pounds on the spot market.



RBC CM's forecast for spot uranium prices over the next two years is $110/lb in 2008 and $100/lb in 2009. Uranium prices moved up from around $7/pound eight years ago to a peak of $136/pound in late June, 2007 and then fell sharply. This week, quotes were around $74/lb (down $1/lb on the previous week), according to Ux Consulting, a specialist uranium consultancy; peer group TradeTech this week quoted $73/lb (down $2/pound). The long term expectation for both Ux and TradeTech remains at $95/lb.



RBC CM notes a "very busy" spot uranium market over the past week, with 40% of the month's total transacted. Ux believes the market may have found its "sweet spot" between $70 and $75 per pound. Recently, suppliers have been raising prices, resulting in the increased spot price indicator. Ux believes the increased spot market activity can be read two ways: (1) the aggressive sellers are sold out and the market is firming; or (2) there was a large amount of material sold between $70 and $75 and it will take lower prices to move additional material.



Ux also notes that utilities were not the primary buyers in February (accounting for about 20%); it was rather traders, hedge funds and investment funds (e.g. Uranium Participation Corp.) that accounted for the bulk of activity.



Selected uranium stocks



Stock
From
Value

Producers
price
high*
US$m

Cameco
C$38.49
-35.7%
13243

Uranium One
C$4.90
-73.4%
2288

Paladin
A$6.10
-43.5%
3462

ERA
A$23.42
-18.1%
4136

Denison
C$8.86
-46.5%
1680






Developers




First Uranium
C$7.83
-41.4%
1025

Aurora
C$9.08
-54.8%
664

Mega
C$3.22
-64.1%
579

Xemplar
C$3.10
-63.5%
350

Bannerman
A$2.19
-47.1%
273

Deep Yellow
A$0.31
-57.0%
313

Laramide
C$4.60
-72.5%
270

Extract
A$1.13
-23.6%
193

UR-Energy
C$2.34
-55.0%
216

Forsys
C$3.22
-68.4%
247

Tournigan
C$1.20
-73.3%
147

Strathmore
C$1.84
-66.5%
133

Uranium Energy
$3.55
-60.8%
134

Berkeley
£0.46
-50.3%
105

Kalahari Minerals
£0.38
-18.8%
82

Khan
C$1.64
-70.9%
89

West Prospector
C$0.77
-87.6%
42

Average

-54.2%







Diversified




BHP Billiton
£16.18
-14.8%
191668

Rio Tinto
£56.75
-4.3%
162483

* 12-month