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Thursday, August 23, 2007 6:18:08 PM
and that the underground workings had become totally flooded.
From what I hear, the mine could be lost completely?
At the very least the flood will push back production
until 2010.
This development is of serious concern to the industry,
as the Cigar Lake mine was expected to provide 17% of
world's uranium supply and help ease
the current shortfall situation.
But now the future of the mine is in doubt.
News of the flood pushed uranium prices 7.1% higher
soon after, from $56 to $60 a pound.
This increase was the largest weekly gain in 20 years!
The energy metal has already doubled since the Cigar Lake
news and is trading at $120/lb. today.
But I think gains like these are just the beginning.
And although uranium prices haven't had much of down months
in nearly five years, I think the radioactive metal
still has a lot of steam behind it.
In fact, I think uranium could top $255/lb. by the end
of 2008!
So, what does that mean to us uranium investors?
Recently, uranium futures contracts began trading
on the NYMEX. But trading is still in the early stages,
so it's extremely illiquid and not the best place right
now for investors like us.
I believe we'll see such a climb in uranium prices in
just a few short years -
One pound of uranium yields as much energy -
as three million pounds of coal -
There are 440 commercial nuclear power reactors -
operating in 31 countries -
56 countries operate more than 280 research reactors -
Over 200 are used for naval propulsion -
They supply 16% of the world's electricity -
as base-load power, and their efficiency -
is increasing -
RSDS - uranium & vanadium old mines -
undervalued - oversold ? -
RSDS with a maket capitalization value of -
$0.0006 x 4,297,825,994 = appr. fiatz $2.6 million
in market capitalization value -
RSDS market cap. value -
$0.0004 x 4.3bil. = appr. fiatz$1.72 mil. -
RSDS basherz please, try hard to find me another uranium and
vanadium comp. with old mines within trucking
distance to the only mill in US -
RSDS - for a better strategic bottom fishing bargain -
with a maket cap. value of
$0.0003 x 4,297,825,994 = appr. fiatz $1.3 million
in market capitalization value -
bargain - please try to show any other stock -
with more value -
for a lower price? -
RSDS is low priced compared to what the real values of -
the uranium, vanadium, oil and gas etc.
dd....
Website: http://www.ru308.com
Imo. Tia.
God Bless
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