WWS.T World Wide Minerals Message Board

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Gold/Mining/Energy : WWS.T World Wide Minerals

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To: tango who wrote (614)	11/17/1998 6:13:00 PM
From: tango	Read Replies (1) of 784

i saw uranium resources quarter out today. Finished! they are taking a huge hit for a write down, shutting down all production and laying off a lot of staff. (current production costs are over $14/pound) They also mentioned they are attempting to sell off or jv their projects. I find this interesting as even cameco stated they want to sell off non core assets. with all this selling and JV's, you would think there is a great opportunity for a company in this business to make a quantum leap forward and increase capacity at reasonable costs. that is assuming that money is available, last time i checked, IUC is the only player that has cash, so who are these companies talking to? Ps we could have a lot of cash if settlement occurs. the time frame i hear is between 2 weeks and never. Oh to be a uranium investor Pss: doug casey recent newsletter had a big write up on uranium investment and recommended Cameco, IUC, and Strathmore.

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