URANIUM TRADING COMPANY

Here is a spot price table of uranium over the last 5 years.


Adjusted nav compared to share price
31st July.....adj nav=190p
31st Aug......adj nav=196p.......sp=235p.......20% premium
31st Sept.....adj nav=215p.......sp=260p.......20% premium
31st Oct......adj nav=228p.......sp=260p.......14% premium
31st Nov......adj nav=233p.......sp=275p.......18% premium

For december the spot price of U3O8 is $72 cf $63.5 last month.
There should expect nav to rise roughly *72/63.5
therefore expect nav approx 264p....sp=305p...16% premium

To me if you're looking for a play on uranium you either by an explorer, a producer, or a pure product..
Explorers have the risk of exploration.
Producers tend to have uranium as a bi-product (Anglogold Ashanti, who part own Nufcor, are an example).
Nufcor appears to be one of the pure plays on the price of the commodity.


Proposed new nuclear power plants


With the loss of a major Cameco mine due to flooding, will we see a peak in pricing?