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Gold/Mining/Energy : Uranium Stocks

URNM 54.44

+2.6%

Nov 25 4:00 PM EST

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To: Proud Deplorable who wrote (6744)	1/14/2007 11:22:58 PM
From: 4C	Read Replies (1) of 30171

Thanks RE. I believe Cameco has a fourth quarter conference call on the seventh of February, if memory serves. They will probably give us more detailed news then, it's expected. Seems to me a lot of speculation went into the price of Uranium late last year. I'm afraid if the leaks get fixed at Cigar lake that our stocks could take a hit. Obviously this may be a short term phenomena, but who knows... Cameco had the same flooding problem at another facility in 2003, McArthur River Mine. They fixed that in four months. Cigar Lake seems worse than McArthur River though; the water was contained in McArthur and the whole mine was not flooded. Can you imagine if they give up on the mine...There will be fireworks! For now they are blindly drilling nearly half a kilometer down to pour enough concrete, through the drill hole, to stop the water from entering the shaft. Then they want to freeze all that water so they can take it out...Sounds like a great idea, but if I was a betting man, which I happen to be... STF

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