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To: R.A.K. who wrote (313)1/8/1998 12:34:00 PM
From: traacs  Respond to of 784
 
NB98.01-7] Uranium prices are expected to rise to
an average US$13 per pound U3O8 in the year
1997-1998 according to the Australian Bureau of Agricultural
and Resources Economics (ABARE). (Australian Associated
Press, 16 December)



To: R.A.K. who wrote (313)1/8/1998 7:02:00 PM
From: tango  Read Replies (1) | Respond to of 784
 
I would agree with your cash flow numbers, but you lose me on the 10 P/E. Remember, the product they are selling now is not produced but bought in the market and resold. This makes the cost higher and reduces profitability. I agree that there are still too many variables for funds to start buying but answers are coming down and we are making progress. If things were better defined as they will be, the price wouldn't be .34


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