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Message: Price forecasts?

Price forecasts?

posted on Feb 12, 2008 06:22AM

Why would anyone sell now, and, why wouldn't there be more buyers? I can't imagine selling even 5000 shares at this point; everything is pointing to a near term success.

If we hit a mineralized pipe I say we go to a buck even. Why? Maybe the pipe has 5 million pounds of uranium. The market will give us 10 dollars a pound for a defined resource before a feasibility study. Once we get the financing and permitting lined up to mine, we can get 20 per pound in market cap.

Split the resource 50/50 with the JV partner, and we get a dollar in market cap. Of course, in more optimistic times we would have gone much higher on speculation that other pipes will be found with mineralization, but these are skeptical times in the market.

What do the rest of you think?


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