AGORACOM Investor Relations is pleased to bring you this Industry Report pertaining to the uranium industry ultimately affecting Liberty Star (LBSU: OTCBB). A report released by Royal Bank Capital Markets suggests that spot uranium prices are due for a rally.
In an article written by Barry Sergeant and posted on Mineweb on March 5, 2008, an RBC spokesman declares, “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 finds the coming uranium spot price rally resulting from three events: Uranium One reducing production projections from the South African Dominion Mine, AngloGold/Ashanti warning that it may have to declare a force majeure, and Uranium Participation Corp buying 900,000 pounds on the spot market.
RBC forecasts spot uranium prices over the next two years will be $110/lb this year and $100/lb in 2009.
The article can be read in its entirety by going to: http://www.mineweb.com/mineweb/view/mineweb/en/page38?oid=48794&sn=Detail
AGORACOM Investor Relations is pleased to have brought you this Industry Report concerning uranium and Liberty Star (LBSU: OTCBB). Feel free to comment on this article or any other facet of Liberty Star’s business on the LBSU Discussion Forum at http://www.agoracom.com/ir/libertystar
Sincerely
AGORACOM Investor Relations