Spot uranium prices continued on a tear, rising to $40.50/pound this past week, as the uranium supply squeeze of 2006 takes hold. One uranium mining insider told us there were now more than 450 uranium exploration, development and producing companies. Some hold options to properties and want them explored. Others are negotiating options. Very few of those are proceeding with any serious plans. One which hopes to move forward into bankable feasibility, possibly as early as a year from now, is Forsys Metals (TSX: FSY).

On March 2nd, we published a feature, entitled,