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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (26481)	3/5/2005 11:28:55 PM
From: hank2010	Read Replies (2) \| Respond to of 312370

U consumption has outstripped supply for some time. Longterm, I think uranium prices will rise. I have not been doing my homework however. did notice someone going back into the Elliot Lake area. I think that is a non-starter. For Moly $35 has come and gone. For many of the large tonnage low grade deposits, $10 moly makes a very profitable operation. Compare to Montana Resources Inc. (MRI) which re-opened (had to close in the power crunch a few years back) in October of 2003. 53,000 TPD of 0.24% copper and 0.023% Mo. when moly was about $4.00. That is gross of $1.84 for moly credit and $4.80 for copper credit (at $1 per lb), total $6.64. They had the advantage of not having to permit and finance a new operation. 0.06% moly is $12 gross per ton at $10 moly. compare to $400 gold = .03 oz/ton. You can not heap leach moly, of course so the capital cost and operating costs are higher for moly. But when you get up to that 50,000 TPD range, milling oper. costs shrink to well below $3 per ton.

To: Claude Cormier who wrote (26481)	3/6/2005 11:32:22 AM
From: Cogito Ergo Sum	Respond to of 312370

Uranium will likely be a big LT buy the next time it goes to sleep... Moly ? I don't know.. I would not bet a farm on it but certainly a few arpents on Uranium in the future ;o)

To: Claude Cormier who wrote (26481)	3/7/2005 12:29:49 AM
From: croesus1111	Respond to of 312370

However, do you think that the U and Moly markets will see significant new primary production in coming years from the juniors that are buying these low grade deposits for peanuts? Isn't it more "the flavor du jour" thanks to temporarily booming prices. I think that as global warming becomes more and more obvious, solutions will be sought to reduce carbon dioxide emissions. As the effects of global warming accelerate, environmental opposition to nukes will fragment, and for better or worse, more nuclear power will be a major outcome. Unfortunately, I don't know the time frame. However, I am pretty sure that if you buy a basket of uranium stocks, in ten years they will be worth a lot more in real money than they are now. My question is, do I want my money laying around all that time, or do I want to try to make some quicker bucks other ways... I will probably apportion some of my portfolio to uranium, and try to buy on dips. I sold Strathmore recently after partaking of a bit of that big run-up.