SOURCE: Paydirt

DATE: March 1998

US Energy, in betting on a revival of nuclear energy, may be disappointed on a short-term bets - there is a lot of uranium available without developing new underground mines. In situ from domestic sources are a pretty good bet, as is imported Russian uranium and yellowcake from 'developing' (note my political correctness) countries. USE's Glenn Dooley is quoted as saying, "It might take 15 years, it might take 50 years, but nuclear energy will come back because it's still a very clean source of power." I won't argue with his conclusions, but I think a decent price for uranium might be at the upper end of his time projection.