Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: bmccra who wrote (21867)	10/7/2003 2:27:29 PM
From: austrieconomist	Read Replies (1) \| Respond to of 39344

IUC.T I owned this in the late 90s along with uranium giant Cameco (CCO)and other uranium bets like Strathmore Resources, JNR Resources, and Australian Anaconda Uranium. Cameco survived well enough, helped by the large Kumtor gold mine. The others fared worse, and I had thought that IUC was dead meat. IUC had been earning money from operations in 1998 and 1999 so I was moderately surprised that IUC closed up shop in 2000 for its primary operations, the Sunday mine in Utah. Maybe that is a sign of good management, given the uneven market for uranium. Glad to see it has a pulse. Friedland and Jim Rogers are obviously proponents of Mongolia. The last NR I have from the Mongolian IUC properties is 2/18/98. There are three concessions that outlined 28 million pounds of U3O8, up to .07 % per ton. pales by CCO standards, but everything does. I have no recovery percentages or mining costs, but the latter should be modest compared to other locations, EC notwithstanding.