Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: heinz44 who wrote (38866)	4/25/2007 11:43:09 AM
From: AuBug	of 78419

Not in uranium wildcatters like I just sold. That's a mania and the bubble could pop any day. There's a couple of uraniums that are proving up historical UPITG that I'll gladly buy at lower prices later this summer. I'm far more likely to buy gold and silver juniors. Uranium prices will correct soon Tue, 24 Apr 2007 Uranium One, which is looking for acquisitions and sale of non-core exploration assets, expects the uranium price to correct in coming weeks. ... The spot uranium price jumped by $18 to $113/lb earlier in April, the single largest increase in the heavy metal’s price since reporting of prices began in 1968. The price has been driven by rain-reduced supplies from Energy Resources’ Ranger mine in Australia and the flooding of Cameco’s Cigar Lake project. There is no doubt that the last increase in uranium prices was unrealistic and not representative of the market. There might be a decrease in the uranium price. I’m hoping in the next few weeks,” Froneman told Miningmx in an interview. The price soared on the sale of 100,000 lb of uranium in what is essentially a 100 million lb annual market, he said. ... miningmx.com

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