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

To: diddlysquatz who wrote (8730)	3/3/2007 2:55:51 PM
From: Gib Bogle	Respond to of 30213

In my amateurish opinion: If they approve more U mining in Oz it'll take some time (years?) for that U to appear on the market. The increased supply will obviously decrease the upward pressure on U price, and might well cause the price to drop at some point. But remember that the demand is growing steadily too.

To: diddlysquatz who wrote (8730)	3/3/2007 3:45:39 PM
From: Tommaso	Read Replies (1) \| Respond to of 30213

I was concerned about whether the Australian local governments would decide to allow mining until I had the same thought. If they stay sticky, it will just add to the price. But I wouldn't worry about sudden oversupply. It's not as if there were a Saudi Arabia with (what used to be) excess pumping capacity that could be added in a few days.

To: diddlysquatz who wrote (8730)	3/3/2007 6:01:58 PM
From: energy_investor	Read Replies (1) \| Respond to of 30213

DS, What do you men by "quickly". As I understand it , it takes several years to get things in place and ramp up production, especially for mines. Eventually, yes there will be an significant increase in supply ( don't forget that we are expecting demand to increase also -- those new reactors; they will want to have a supply lined up in advance etc). Eventually, yes, the price will drop, but then we will be out of UR to a large extent by then, won't we? Cheers Energy_Investor

To: diddlysquatz who wrote (8730)	3/3/2007 6:16:25 PM
From: Cheeky Kid	Respond to of 30213

My 2 cents... If they approve further mining down under, we will see companies in the newly open areas stock prices rocket. I think the focus will be on stocks down under and less focus on other areas. I don't think it's going to affect the spot price until new mines are opened, and we all know how long that takes. In the end the shortage issue will be over and there will be an ample supply of uranium for all the new reactors, by then the uranium bull market will be over, and we will be looking at other areas to invest.