With the opportunity opening up of the Chinese market it's providing greater confidence in the market that all the exploration spending going on is actually worthwhile. If it was possible to add more enthusiasm to the whole uranium sector this has done it.
More Quotes from Gavin Wendt:
Companies are now taking a five-year-plus view. That's why we're probably going to see a greater level of merger and acquisition activity among our explorers, as a number of them have sizable resource bases.Gavin Wendt
Exploration activity now for uranium is probably at the highest level it's been for 20 to 25 years.
Gavin Wendt
There's clearly some concern in the market that there's not much to stop the legislation there being changed retrospectively to perhaps more favorable terms for the government. It's a political situation of high risk and investors are going to be nervous.
Gavin Wendt
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