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Gold/Mining/Energy : Uranium Stocks

URNM 58.25

-0.3%

Dec 10 4:00 PM EST

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From: Malyshek	6/28/2008 3:20:29 AM
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Question about In Situ Recovery uranium plays versus other methods of mining (open pit, underground). I just recently read up on in situ recovery uranium production and the claims (I believe them) that compared to conventional mining, in situ requires less capital, gives lower operating costs, uses a smaller workforce, requires no mill, produces no tailings, and is suitable for low grades. It's a fascinating technology. Perhaps there is a rough analogy here to the introduction of heap leaching for producing gold from rather low-grade deposits, which I understand changed a lot of dynamics in the gold mining industry. Question: If you are a believer in the long-term need for nuclear energy and that uranium will go higher, how might you reasonably allocate your holdings between in situ producers and more conventional miners? Uranium Energy Corp. (UEC) was one of the in situ producers recommended by sources I read. There were several companies using this technology in the U.S. Thanks for input.

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