Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tango who wrote (52)	1/14/1998 9:53:00 PM
From: roro	Respond to of 30320

Kennecott is putting in JNN pockets 1.500 000$. For what!? READ THESE LINES. "..By contributing these finances Kennecott will not earn an interest in the properties,but the right to option one or more of the eight properties or to much arms lenght offers to them.." RORO Ps If you missed it- for nothing.No interest, no option, no shares. Now ask your self- why?

To: tango who wrote (52)	1/14/1998 11:10:00 PM
From: Leigh McBain	Respond to of 30320

You are quite right, they do have a long ways to go, to being a commercial mine, however they do offer a few things. The company holds a good sized land mass that has accompanying geological information to suggest excellent high grade potential, they have good working capital on hand, they have shown the ability to bring the stock to market, they continue to amass additional property with excellent potential and they are diversified outside of strictly uranium. The deal outlined in today's release would actually require a $25M investment out of Kennecott to garner a 65% working interest. The $1.5M only buys them the first right of refusal, as well as the "right" to option the properties (it does not buy an interest in the property up front). In addition to the $1.5M from Kennecott the company has also just completed a private placement for an additional $1.9M which will be used in conjunction with the Kennecott financing to execute the required work. An additional note, I do know that both Kennecott and Cameco were very interested in doing business, so there are some people (who know far more than I about the properties and their potential) who want a piece of this play. I am not aware of the share structure of URIX, WWS or IUC (I would be interested to know how many shares they have outstanding) but in the case of JNR the outstanding shares are 19M. Keep in mind that although gold may have fallen somewhat out of favor, at the moment, JNR also holds some highly prospective gold properties in Saskatchewan. These properties have in the past returned some excellent surface sample grades as well as promising trenching and shallow drilling results (some were actually multi-ounce per ton). Although past work has not been able to identify the source of the high grade gold, they have been back on the property drilling again. The current work is based on a new set of aeromags and if the structure for the gold anomalies can be defined this property would have the potential to turn a profit almost without regard for the POG. This is no doubt a speculative play, however, Dale has proven the ability to generate interest and promote his stocks, as well as to continue to acquire properties of merit. The release yesterday also included the announcement of the acquisition of a further 72,000 acres in the Athabasca Basin. His abilities give this play a shot, at allowing those of us who do decide to take part, to turn a profit doing so. You may feel that the other plays, you mentioned, offer a better risk reward ratio than does JNR. That is your perogative, I am NOT suggesting you dash out and buy the stock, I am simply posting information on a thread, where I perceive some people may find it of interest. Just FYI, I am in no way employed or remunerated by the company. I am a shareholder and am simply sharing what information I have, along with some personal viewpoints. I hope you find this of interest. Salut, Leigh McBain