Strathmore Resources - SMR - A uranium play Message Board

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Gold/Mining/Energy : Strathmore Resources - SMR - A uranium play

SMR 32.46

-14.4%

Nov 6 3:59 PM EST

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To: John Fairchild who wrote (22)	11/24/1996 10:06:00 AM
From: Jim Ilchyshn	of 162

John, Your view of the North American market may be very accurate, but we are in a Global marketplace. If you will read my earlier post (#2) you will see that there are 33 more reactors that are being built worldwide and another 76 in the planning stages. Someone must be using Uranium, because after an 8 year supply, it is down to just over a year. Uranium costs are a small percentage of the total cost of nuclear energy production so even a doubling in price of Uranium does not affect the bottom line that much, but as for the Uranium producers...... Bullish on Uranium. Jim.

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