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Gold/Mining/Energy : JNR Resources (V.JNN) URANIUM JUNIOR -- Ignore unavailable to you. Want to Upgrade?

To: tango who wrote (229)	1/5/1999 3:38:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 259

I would have a tendency to disagree to a certain extent. They are NOT going to have a mine in 6 months regardless, so to in many ways the current price of uranium doesn't matter all that much. The long term forecast, by most accounts is still bullish for uranium and these guys, if they hit will still be long term, as far as production would be concerned. In the mean time there is no reason not to continue with the exploration and resource evaluation on the property. Is it not better to be sitting on a proven resource when the base commodity price is on the rise than returning to an exploratory venture at the time. The resource could then be sold, with proven geology, to a real producer when it is most equitable. Just my thoughts. Salut, Leigh McBain