Could be anything; see my response to the previous poster. We're gambling here, not investing. The investing number lies between $0.50 and $1, but irrational exhuberance has entered the URRE market so the investing price is almost meaningless ... in the short-term. Significant demand for uranium is still years away, as construction of nuclear power plants has just started.
URI's uranium ore is STILL in the ground, not for sale (yet). While the market does look forward in time for pricing of stocks, it doesn't look YEARS forward but, typically, 6-9 months ahead. Thus, this rally is overdone and should be viewed as an opportunity to trade for profit.