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Gold/Mining/Energy : Uranium Stocks

URNM 58.40

+0.6%

Dec 9 4:00 PM EST

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To: TheSlowLane who wrote (3354)	10/14/2006 11:41:04 PM
From: utek	Read Replies (3) of 30204

To all In response to ". Economic and political turmoil in Kazakhstan – a country which has been billed as the ‘next Australia’ with regards to uranium production and known reserves – will further impede the country’s uranium production. Many are counting upon Kazakhs to relieve the global pricing pressure on uranium, but we believe this country could fall short". I am a consultant to the Uranium industry and have spent the last year in Russia and the former CIS. This Quote is an understatement! The production increase from 3500 tons to 15,000 tons U will not be met in the time frame the Kazakh's have planned IMO. It will take "billions" [that can be done], but there are not the people to implement this plan. Also,the public and the brokers should take the time to understand how complex ISL mining is. The "promoters" tout that all you have to do is drill a series of holes and pump out the uranium. You have no idea how complex this type of uranium extraction is. For example, most of the Kazakh deposits are over 500 meters in depth. For you Imperial educated, that is 1650 feet average depth. Now, you have to drill a hole keeping in mind that the goal is to have zero degrees of deflection on the drill hole.........not likely at this depth! This means that the biggest cost of ISL mining "DRILLING" has just got much larger. Next,the price of uranium will continue to climb because the suppliers know "EXACTLY" where every pound will come from in the next 10 years. The word is the last auction held by the US government was bought by Cameco[60%] and the hedge funds[%40] with the utilities getting 0%. What does this tell you? It tells me that the insiders in the industry know much, much more than the public or analysts. Lastly, Paul VE needs to put work boots on to learn about his subject instead of spending his time at trade shows telling everyone how smart he is. He was publicly rebuked on the UxC website but he still chirps away on the subject. I suggest that investors be better advised to obtain their information on that web site. His personality will not allow him to admit his mistake and those are the kind of people one should avoid. Utek

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