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Gold/Mining/Energy : Uranium Stocks

URNM 55.92

-1.2%

Dec 26 4:00 PM EST

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To: Taikun who wrote (2538)	4/9/2006 3:35:19 PM
From: Gib Bogle	Read Replies (1) of 30242

Indeed, all obvious, but I don't see how to derive the relative market cap of Comeco and ... was it Exxon? I don't doubt that oil will be more expensive in 10 years, and that uranium consumption will be much higher. I am making investments accordingly. I even own some CCJ stock, along with several juniors. It's very hard to predict what the price of U will be like 10 years out. By then I expect the number of mines, and miners, will have expanded greatly. Someone on this board can probably comment on U availability in the ground. I don't think the relationship between market caps of the two will remain static. But how to determine what it might become? Probably the best estimate would be based on the relative values of their resources, i.e. oil and U in the ground, with projected prices. I don't know those numbers (does anyone?), and the prices of oil and U are very uncertain. We don't have much of a disagreement, more a matter of emphasis.

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