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Gold/Mining/Energy : Uranium Stocks

URNM 55.53

+1.0%

Nov 7 4:00 PM EST

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To: Leigh McBain who wrote (55)	1/15/1998 7:41:00 AM
From: tango	Read Replies (2) of 30103

my point is, why go through the risk of a company that hasn't even put a drill bit into the ground and has a little bit of money! there are producing or near producing companies out there with proven reserves and sales contracts, as well as LARGE financings in place selling at very low prices. there is simply less risk. You can still be in the junior market and not expose yourself to the severe risks of the drill bit. Besides, who knows how long this weak mining market will last, go with a firm that has the cash in place because without strong connections(ie. dundee bancorp:WWS) big financings are very hard to come by now.

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