Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: This could be a very long "string of (uranium) pearls"

Price of uranium went down from $42.25 to 42.00. Anyone with a long term view isn't concerned about this. Anyone with a short term view is. The uranium market isn't getting better yet.

For some happy reading, check out the 2009 10K/annual information from Dennison Mines. Some great snippets are quoted from the latest UxCo report.

Way easier to get it directly from their site than from SEC:

http://www.denisonmines.com/SiteResources/ViewContent.asp?DocID=3&v1ID=&RevID=573&lang=1

At Agora Financial (Daily Reckoning), they call uranium the trade of the decade. It's that without any crises such as Cigar Lake flooding again or the Kazakh government nationalizing mines.

Hopefully when the trading is exciting, I'll have already made a bundle.

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