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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Cheeky Kid who wrote (2439)3/30/2006 1:59:41 PM
From: Tommaso  Read Replies (1) | Respond to of 30193
 
>>>How can u compare this to diamonds? <<<

I think maybe it might be best not to compare it to anything, but to try to see just exactly what is going on. I would like to see more hard figures about uranium demand and supply, both current and prospective. And I would like to see calculations of the profitability of various companies on the basis of their actual production and actual discoveries.

It bothers me that some of the chief "authorities" on uranium are names familiar from previous episodes of speculation and manias. I certainly do wish, however, that I had been familiar with the ideas of Eric Sprott two years ago. I was completely aligned with him on oil, and more cautiously committed on gold. But nuclear power had been so thoroughly abandoned in the United States that it was hard to be confident that the uranium market was about to take off. It's true that for a while I was invested in USU and should have seen that supplies from the former Soviet Union's warheads were being drawn down. But I just wasn't very alert about uranium mining stocks two years ago.