Cigar Lake Canad A Case Study

The above graph, from Cameco which shows the cycle of uranium price from 2003 till 2013. It started in the mid of 2003 where the price increase above $10.15/lb to the highest at $136/lb in 2007. There was a powerful growth between these four years due to the increasing rate of the fuel, price and others that related to the nuclear venture. As we can see that, during the year of 2005 and 2006 there was a continuous progress with increased of $75/lb until it reach to 2007. This is because some of the manufacture in Cigar Lake, Canada were delayed for nearly a year after some of the mines were completely drowned by sudden water. In this situation, a problem had occurred in quite a few of existing mines for several unrelated issues. Therefore,