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Gold/Mining/Energy : Uranium Stocks
URNM 70.66+1.6%4:00 PM EST

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To: Chuckles_Bee who wrote (9142)3/14/2007 4:15:26 PM
From: Gus  Read Replies (1) of 30335
 
The cautionary points in this article are worth heeding, but the fact remains that the market will always keep on throwing more than enough money at these companies until the uranium supply and demand deficit is reasonably solved. That's what markets do.

Before the China-induced crash several weeks ago, Sprott estimated the total market capitalization of all the publicly traded pure uranium companies around the world at around $45-$50 billion. If you take out CCJ, USU, SXR and DML, you're looking at something closer to $20B in total market cap being awarded to companies, most of which will most likely not produce any uranium. That's hardly a bubble, though. I still remember, as I am sure you do, when a dotcom IPO would shoot up over $10B in market cap in one day. Now that was a bubble! And even then it lasted much longer than most people expected.
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