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Gold/Mining/Energy : Strathmore Resources - SMR - A uranium play
SMR 35.61-6.1%10:51 AM EST
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To: Len Short who wrote (53)3/28/1997 8:28:00 AM
From: Blaine   of 162
 
Hi Len; Karl Meyers-VP of Exploration, caught my eye.
Presuming you have read some of the reports on SMR, you will find
it full of excellant projections! As a shareholder, I think they have
out done themselves. (can there be anything worthwhile left to say)
Have you read the London & Taylor Group report yet?
It consists of basic info on SMR and some hype about uranium properties held by SMR.
From what I read, these properties have not been touched by anyone from smr. Unfortunatly I quit reading when it said
"Strathmore's unique combination of intelligent foresight, astute
management and proven etc....No I didn't get sick, this was just a test of your ability to absorb bull-*hit. As an investor in a speculative resource stock, you will be required to swallow the shit
and no gagging allowed. (shorts have to eat the same stuff).
By the way Len it goes on to talk about the shortage of uranium, and US law that requires that at least 50% of of US uranium consumption be sourced from domestic supply.
This report(except for the gagging part)(sounds like my resume'.)
They do have the properties proven and probable uranium resource
of 6,000,000 lbs. and inferred resource of 20 million lbs.
As I havn't checked the price of uranium lately, I'll use their price of $15 per lb.

I hear my work bell ringing!!~! bye!
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