Tuesday, March 27, 2007

Uranium miners mired in logjam despite price spike

(Reuters) - The sector is flush with cash but short on geologists, drill crews and regulatory staff -- the key ingredients to transform prospects to production.

"It's like when you drive on the highway and it gets crowded. It slows up because the slowest guy keeps it slower than you want it to be," said Denison Chief Executive Peter Farmer. "We're into a logjam right now."


Read more at Reuters.com Business News

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