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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (76756)	12/23/2006 9:37:01 PM
From: energyplay	Read Replies (2) \| Respond to of 206213

Ed - I wonder if you have some numbers handy for what a barrel of oil from proven reserve tar sands in Canada is worth on the market ? My thoughts are running along these lines - Say a barrel of oil in a tar sand reserve is worth about $5.00 when someone is buying the whole company. This with a barrel of West Texas Intermediate about $50-65. Uranium has just gone to about $60-65 per pound. I'm looking at the market cap of Uranium companies, and they seem to be lower. URME has a 95 million cap, and about 30 million pounds of Uranium proven. I know this is apples vs. oranges and bannanas vs. pomerganites. The In-situ mining of Uranium looks a lot like water flood or steam flood, so outside of the cost of making steam, they should be similar.