Sprott Strategist: Global Warming Crisis to Push Uranium Price Higher
SARASOTA, Fla., June 5, 2006 (Webwire) —
Sprott Asset Market Strategist Kevin Bambrough talked to StockInterview about his recent report, entitled, “Investment Implications of an Abrupt Climate Change.” In light of the ambitious global nuclear energy programs, Bambrough told us, “The supply of uranium may well be the most limiting factor.” In the report, co-authored with Eric Sprott, Chief Executive of Sprott Asset Management, one of North America’s leading money management firms, Bambrough wrote, “Much higher uranium prices will be required to attract enough investment capital to meet the growth in demand.”
Bambrough pointed out in his report, “Marginal mines will become price setters.” This helps explain why the Sprott Asset Management funds have invested heavily in companies such as Strathmore Minerals (TSX: STM; Other OTC: STHJF), Energy Metals (TSX: EMC) and others. Bambrough also wrote, “Large low-cost producers may be able to reap Middle East-like oil profits for decades.”
StockInterview.com is an internet financial news website providing insightful and thought-provoking features about some of the world’s latest developing trends. Please visit http://www.stockinterview.com/journal.html to read James Finch’s interview with Market Strategist Kevin Bambrough, which appears in the feature, “Making Money on the Global Warming Crisis.”
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