| URANIUM SECTOR REVIEW |
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An Analysis of Over 100 Companies Driven by global demand and the resurgence of nuclear energy, the uranium market is undergoing its strongest boom ever. This exclusive report by a long-time uranium watcher in Australia gives a detailed analysis of more than 100 Australian and Canadian companies involved in uranium exploration and development. This report is a must for anyone following the world uranium industry. A selection of 40 Australian uranium juniors is up 8% over 3 months and 117% over the past 12 months. This compares with a selection of 90 Canadian uranium juniors, up 21% over the past 3 months and 72% over the past 12 months. The best performing Australian juniors in the past 3 months, driven by uranium exposure are Berkeley Resources (BKY, up 52%, progressing to secure prospective historic tenements in Spain) and Energy Metals (EME, up 37%, exploring the Ngalia Basin, NT). The majors had mixed performances. Cameco (CCO) was up 20% in the past 3 months, while Energy Resources (ERA) was down 39% following a share sell down by strategic investors. Demand for uranium is forecast to outstrip supply for at least the next ten years, driven by end users in the power generation market which is urgently trying to secure supply into the future. Much of the new demand for uranium will come from expanding nuclear power requirements of developing economies with 130 new reactors expected over the next 15 years (IAEA), representing nearly a 30% increase in reactors globally. China has announced plans to build 27 new nuclear reactors by 2020 and India has announced plans to build 17 new nuclear reactors by 2012. This rate of expansion compares with the USA which built over 100 nuclear power plants in 15 years between 1965 and 1980
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