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

To: Condor who wrote (3344)	10/12/2006 7:46:52 PM
From: russet	Respond to of 30242

The hedge funds can buy U.t and other vehicles set up in other countries to buy yellowcake and the flouride derivative of Uranium. U.t and its warrants currently sport valuations that are significantly above their current NAV's. U.t is $9.34 but its NAV per share is back at around $8. The U.wt.a is discounting a Uranium price around $100 per lb. Uranium Participation's NAV at $7.86 at Sept. 30 2006-10-12 15:16 ET - News Release Shares issued 48,460,315 Close 2006-10-11 C$ 9.30 Mr. Peter Farmer reports URANIUM PARTICIPATION CORPORATION REPORTS NET ASSET VALUE AT SEPTEMBER 30, 2006 Uranium Participation Corp.'s net asset value at Sept. 30, 2006, was $380,828,000 or $7.86 per share. On a fully diluted basis, after assuming the full exercise of all outstanding in-the-money warrants, net asset value per share was $7.71. As at Sept. 30, 2006, Uranium's investment portfolio consisted as follows: Quantity Average cost Market value Investments in uranium Uranium oxide in concentrates (U3O8) 4,200,000 lb $ 158,388 $ 252,950 Uranium hexafluoride (UF6) 800,000 KgU $ 121,115 $ 135,621 --------- --------- $ 279,503 $ 388,571 U3O8 average cost and market value per pound In Canadian dollars $ 37.71 $ 60.23(1) In U.S. dollars $ 31.75 $ 54.00 UF6 average cost and market value per KgU In Canadian dollars $ 151.39 $ 169.53(1) In U.S. dollars $ 135.87 $ 152.00 (1) Converted at the Sept. 30, 2006, exchange rate of $1.1153. As at Sept. 30, 2006, Uranium had agreed to purchase 150,000 kilograms of uranium as UF6 for a total price of $22,590 (U.S.). Delivery of the UF6 will occur in December, 2006. Purchase commitments will be financed from the proceeds of Uranium's public offering closed on Sept. 14, 2006, and a line of credit of up to $15-million from Denison Mines Inc.