"The recent expiration of the uranium contract with Russia known as "Megatons to Megawatts" which converted nuclear weapons into usable fuel for atomic reactors, is getting a lot of renewed interest in U.S. uranium producers as expected. For twenty years, this deal provided the U.S. with cheap nuclear fuel to supply the largest consumer of nuclear power in the world. Now U.S. utilities are looking to the junior miners. " Paladin broke out today (PDN)
Hardly call a 10% move in a company that's been in a decline for the past 5 years a break out. 10% move these days is like finding 10c on the ground. Uranium has hit its peak. It's just a crossover to blend the transition between oil/coal and fusion/solar. Though that transition will last another 10 years.
