Approaching his 50th year in the uranium business, the quiet but assertive Chairman and Chief Executive of Uranium Resources (OTC BB: URIX). Paul K. Willmott talked to us about the current uranium bull market. Willmott discussed the third uranium bull market hes experienced with both exuberance and caution.
Interviewer: How do you feel about the rising uranium price? And how high do you think it will go?
Willmott: Looking at the oft-quoted number of over $100/pound, that number came out of an analysis from a gentleman at MIT (Thomas Neff, MIT Center for International Studies). What he did was use the high point of 1980s with a time-value of money, and came up with $100. I am not saying that the prices could never get to that level. Id never say that. There could be a price spike, and there are a lot of things that could or could not happen. The prices will rise to cover projected and estimated costs of production. It will also get to a level that will induce people to invest in companies, or for the company to invest in the business to get a rate of return.
Interviewer: How are the production costs different now as opposed to then?
Willmott: If you...
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