2006 Was Huge For Uranium – 2007 Could Be Even Better!

by admin

As we enter a new year, we marvel at the mass media for once again missing the boat when it
comes to investment news stories for 2006.According to the mass media, the Dow breaking into a
new high was the story or the year. The Dow was up 14.7% last year which was an excellent year for the index. But uranium was up almost 100% (97%) last year. We have had a number of readers ask us why we are not more heavily invested in the mainstream markets; our answer is that we prefer 100% gains to 14.7% gains.

Amazing at it may seem, the fact that uranium has jumped up over 600% in 3 years, you would think that the main stream investors and media would take notice. But to date, we have seen very little in the way of coverage of this amazing bull market. The fact that uranium has not had one pull back in this entire run, and there is virtually no media coverage tells us that we are still very early in this bull market.

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Part Two To Invest in Sweden’s Uranium Exploration or Not

by admin

At this time, uranium mining is banned in Sweden. Will that soon change In November 2005, Platts carried a news item that the world’s second largest uranium producer Cogema, a subsidiary of Areva, was spending about 1.7 million euros on prospecting in Sweden. The industry giant announced plans to narrow down mining sites, after its initial prospecting. Krister Soederholm, chief inspector of mining at the Ministry of Trade & Industry, told Platts that Sweden would respond positively if Cogema’s activity would be of significant benefit to the country. Conscientious Sweden is still reeling from a recent media expose showing that the country now imports a large portion of its uranium from Kazakhstan, where mining conditions are reportedly abysmal.

On July 11th, one Canadian-traded uranium development company announced its NI 43-101 resource for three of its uranium properties in Sweden. We spoke with Michael Hudson, Chief Executive of Mawson Resources (TSX MAW; Frankfurt MRY), about the company’s prospects. First, he explained that Sweden hasn’t had any uranium drilling since about 1984 or 1985. It’s the only part of the nuclear cycle the Swedes are missing out on, Hudson told us. He hopes to bring uranium mining back to Sweden. » Read more: Part Two To Invest in Sweden’s Uranium Exploration or Not

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