On account of Cameco's unique asset base, uranium mining is the company's cornerstone operation. Your average uranium deposit's ore grade runs around 0.2%. In Saskatchewan's Athabasca Basin, however, Cameco holds deposits that are 100 times richer. Potash Corp. of Saskatchewan
Given the 80-plus reactor additions anticipated worldwide by 2017, Cameco can't just rest on its Canadian cache. The firm has interests in exploration ventures as far-flung as Gabon, Mongolia, and Paraguay. Wherever the next major uranium discovery is made, Cameco won't be far behind.
The falling spot price of uranium has given uranium junkies serious jitters. Fronteer Development Group