Resource Capital Management has raised it's spot price forecast for uranium to $125 in 2007 and $140 by September 2008.

The group's latest report on the global uranium boom says "forward indicators continue to strengthen . . . with 48 new nuclear-power reactors currently expected to be commissioned globally by 2013".

Uranium spot price is now 45 per cent higher than three months ago and 78 per cent higher than its level of $US53.25 a pound six months ago.