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Gold/Mining/Energy : Uranium Stocks

URNM 57.34

-1.7%

Nov 5 4:00 PM EST

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To: TheSlowLane who wrote (13545)	6/17/2008 11:25:35 AM
From: james flannigan	Read Replies (1) of 30080

4 yrs ago no one thought oil sand jrs would ever be economic and even though some had billions of brls of oil locked in the sand,the oil price was low, so investors thought none of those jrs were worth any kind of investment.The 500% increase in oil in 4 yrs have made early investors in oil sand jr $ billions. I see the same thing in some U jrs. The supply shortage looming when the Russia HEU agreement ends will in my view make at least a $300 U price in the next couple of yrs. In light of that view I am buying large U ore bodies that are not uneconomic in the current spot U price.If I am correct on the forecast on the future U price,a small jr advancing its project like GEM will become a future cash cow just like oil sands became in a higher oil price.I don't want current economic U deposits.I do want uneconomic companies.Why??? Because GEM has been taken out behind the wood shed and has been shot and left for dead.I say not so fast!!! James

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