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Gold/Mining/Energy : Uranium Stocks

URNM 55.58

+4.6%

Dec 19 4:00 PM EST

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To: siempre33 who wrote (9001)	3/10/2007 10:48:48 AM
From: james flannigan	Read Replies (2) of 30229

Pele Mountain will be the one to watch.While I was at the PDAC show CEO Al told me a little known fact.He said that the near surface ore is grading 2 lbs per to and that the mining plan will be to heap leach that richer ore in the early years.That will be followed by in situ leaching at depth.I will now go out on a limb and state I think GEM is sitting on 100+ million lbs, a figure that I gave to AL and he winked back. GEM is clearly very undervalued.I think it is a ten bagger in the making.The production target is in three years and the company is trying to keep to that time line.If the recent history of delivering to the market GEMs progress on time is any indication of the future, I would have to say GEM shareholders are going to be very happy with the quality of the management,as well as nice capital gains. James

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