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Gold/Mining/Energy : Uranium Stocks
URNM 54.89+0.3%Dec 31 4:00 PM EST
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To: energy_investor who wrote (10627)4/23/2007 5:17:48 PM
From: TheSlowLane  Read Replies (3) of 30247
 
E_I - PITG...the folks at StockInterview.com have some very specific comments on this and have been discouraging its use as a significant metric for some time. In the update to their book (just got mine today), they say:

"If you learn nothing more from this chapter, please learn this. The uranium mining sector has advanced beyond the 'mantra' of pounds-in-the-ground, which was prevalent in 2005 and 2006. One uranium expert told us, "If I wanted to announce my company had 400 million pounds of uranium, I could stake several square miles in parts of Wyoming, where there are granite formations." His point was this: He could throw up enormous numbers of pounds-in-the-ground, but the uranium project would be sub-economic."
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