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The uranium recovery is on hold

U-bugs, not to be confused with Gold-bugs, have been pestering investors for at least the past 12-months with a claim that uranium is poised to reclaim a price of US$72 a pound, last seen in early 2011, or even the stratospheric $140/lb of mid-2007.

The uranium recovery is on hold The uranium recovery is on hold The uranium recovery is on hold The uranium recovery is on hold The uranium recovery is on hold

Sadly for the uranium cheer squad, the future is not playing out as forecast, with the nuclear fuel seemingly stuck at $33/lb when measured in its most commonly traded form of triuranium octoxide