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Beauty Brikk-
Love the volume-1st time in a long time.
Level 2 was the give away yesterday.
Enjoy Kipp-
Thanks for you most excellent DD!
That is the KEY-VOLUME
Have NOT had this kind of volume for some time now.
Afternoon will be most interesting and exciting.
Nice volume-Let's bust .05
Looking very nice.
Yes-
close above .055 on good volume means .10 is coming.
Break .10 on good volume and close above- means new highs in the near future.
Yes it it-
Enjoy. We have a long ride to go-UPWARDS.
Yes VP-
Thanks as always for sharing-respect and value your thoughts and insights.
Here is to LT value of LBSR.
NAK up on Big volume already-
Level 2 on LBSR looking great again today-bid stacked.
Copper going thru the roof-$4.12
Gold, Silver, Uranium, and Copper
keep moving up-
http://www.24hgold.com/english/home.aspx
Uranium Index new 52 week high today-
http://finance.yahoo.com/q?s=%5EURAXPD
Brikk-
I just looked at that too-first time in a very, very, long time.
5 deep at .043+ on the bid. I was just going to post the exact same thing.
Another good read in the mining industry today-
http://www.bloomberg.com/news/2010-12-06/molycorp-climbs-on-report-sumitomo-may-buy-stake-in-u-s-rare-earth-miner.html?cmpid=yhoo
OMO-LBSR Uranium Claims
What do you think LBSR will do with their Uranium claims in the next year if Uranium prices continue to increase like the experts are predicting. Assuming-lets say $75-80 next year.
Added more at .04 last week. Keep posting here my friend.
Nice Brikk-
Just like JP, Goldman and others buying up uranium a month or two ago.
LBSR on the verge.
DNN Market Cap 1.1+ Billion currently
helps out too.
http://finance.yahoo.com/q?s=dnn&ql=1
Thank You VP-
This is a great reminder of the LBSR Uranium claims:
"The same reference written by Dr. Karen Wenrich states, “Although these uranium grades are dwarfed by those of the Athabasca Basin unconformity deposits in Canada, it is significant that (1) the breccia pipe mining costs are significantly less for the Arizona deposits, and (2) these ore grades of 0.4-1% are as high or higher than any other global uranium-deposit type.”
We are Dragon-
I can feel it in me bones
Have a great weekend all.
Here a fact sheet as of 9/30/10-
New one will be out EOY-
http://www.sgindex.com/admins/files/other/sgindex/files/factsheet/6736_UrAXFactsheet.pdf
Thanks VP-
Already follow those 2 sites and posted the Uranium $61 this Monday.
I refer to the World Uranium Index which is a good daily indicator of the top uranium companies in the world.-good indicator to follow.
http://finance.yahoo.com/q?s=%5EURAXPD
Thanks again.
Yes Precious-
Gold, Silver-Copper hovering right around $4, Uranium index at new 52 week highs today.
Nice-Commodities soaring
http://www.24hgold.com/english/home.aspx
Spot on VP-
Gold, Silver, and Uranium up strong again this morning and copper hovering near the $4 mark too.
Level 2 looking very good, but too early to tell what the day will bring-doesn't matter to me-I'll be here next XMAS too.
Good day all.
Metals soaring on poor job report-
http://www.24hgold.com/english/home.aspx
Agree S4-Welcome back too
We need you posting here my friend.
Added to my core holding today.
Thanks to A & P and some retail tax selling otherwise pps would be north of .10+ conservatively right now.
Have a good night.
Yeah Brikk-
And that 3500 bid tap was one MM to another as I was the only one sitting on the bid for the last 20 minutes at .04 for 100k-only got 50k filled and the 3.5k was not sold to me.
Imagine that!
Yes Gem-
That is why I continue to add. Very safe invesment IMHO for the reasons you detailed-Gold, Copper, and Uranium.
Add ZTEM
Add A&P-without them LBSR, would be north of .15-20 cents IMHO.
NAK on Fuego
with nice volume again.
LBSR taxiing behind NAK.
Yes-
These are the times to buy for LBSR Longs-2011 is OUR YEAR.
ARRRGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG
Me to Dragon-
Just added 50k and more to go on the bid.
Add Uranium-
Check out today-
http://finance.yahoo.com/q?s=%5EURAXPD
Yes sir D-
Gold, Silver, Copper, and Uranium moving nicely today-all approaching new highs-as well as NAK.
The above is the future of LBSR-ZTEM confirmed it.
Sit back, buy, add, hold, and tuck away.
2011 is the long awaited year for LBSR Longs.
Another good read on Uranium-
http://hken.ibtimes.com/articles/88037/20101202/uranium-nuclear-energy-etf.htm
A growing demand for nuclear energy across much of the globe will undoubtedly make uranium a prized commodity, as new power plants proliferate.
Investors seeking to capitalize on this evolving energy trend might consider a new exchange-traded fund, the Global X Uranium ETF (NYSE: URA), one of the very few investment vehicles in the world that can be regarded as a "pure play" on uranium.
Launched in early November, this ETF has already amassed in excess of $90-million in net assets, suggesting tremendous optimism about the future of nuclear power.
The fund comprises uranium mining companies as well as firms that manufacture mining equipment catering to miners.
Uranium, a radioactive metal used to generate electricity and a key component of fuel for nuclear power plants, generally cannot be physically acquired and held, but --- perhaps surprisingly -- trades on the futures market of the New York Mercantile Exchange. Consequently, uranium carries a spot price, just like more familiar commodities like oil and gold.
However, in some cases, contracts for the metal are arrived at privately between suppliers and businesses (often at prices that differ from the prevailing market spot price).
The fund is presently dominated by three stocks: Cameco Corp. (NYSE: CCJ), a Canadian-based nuclear energy company which is the world's largest uranium producer; Paladin Energy Ltd., an Australian uranium producer; and Uranium One, another Canadian uranium miner.
Collectively, these three corporations produce about 20 percent of the world's uranium.
About half of the components in the index are based in Canada, with another third from Australia. The largest uranium deposits in the world are located in Australia, Kazakhstan, Canada, Namibia, Niger and Russia.
Uranium reached an all-time high price of about $140 per pound in mid-2007, then dropped dramatically to $40 and has climbed to about $60 in the past few weeks.
Mining analysts at Salman Partners are forecasting an average price of $78 in 2011, $104 in 2012 and $95 in 2013.
As with most everything else these days, China is at the center of the nuclear/uranium story. Last month, China Guangdong Nuclear Power Corp. inked a 10-year pact to purchase uranium at a price above the spot price at the time of the agreement. Not surprisingly, uranium prices have since spiked.
Uranium's supply-and-demand dynamics are extremely favorable now, according to Bruno del Ama, co-founder and CEO of Global X Management, which runs the URA ETF.
"On the supply side, because of the low spot price we’ve had for the past few years, there's been very little investment in uranium mines, and so supply has been quite limited," he said. "Also, the decommissioning of nuclear warheads by Russia and the U.S. is coming to an end, further reducing supply. On the demand side, dozens of new nuclear reactors are being planned around the world."
Indeed, according to the World Nuclear Association, there are at present about 440 nuclear plants in the world, but only about a dozen suppliers. Another 60 nuclear reactors are currently on the drawing board, primarily in China, South Korea and Russia.
The International Atomic Energy Agency forecasts that a minimum of 73 gigawatts of net new nuclear capacity will be added globally by 2020, and that capacity will more than double by 2030.
In fact, Cameco's CEO Jerry Grandey recently declared that the company's output climbed to 22 million pounds from 21.5 million, and that it expects production to double by 2018.
In this scenario, the price of uranium (and, by extension, the value of uranium stocks) are likely to move upward.
Del Ama explained that while it is very expensive to prepare and launch a uranium mining operation, the actual operation of the mine is not excessively costly. Hence, uranium mining companies often have relatively fixed costs of production, but can sell the extracted uranium at higher prices, thereby creating higher margins and stock valuations.
Of course, risks abound, and volatility could be high.
For example, consider Cameco – like many other uranium stocks, share prices have almost doubled since early July (largely in anticipation of greater demand for the metal). But the stock remains well below its highs from June 2007 (when, not coincidentally, uranium prices also peaked).
Thus, these companies are highly dependent on the price of the underlying commodities as well as investor expectations for the prospects of the nuclear power industry.
In addition, uranium stocks are also likely to incur disproportionate losses during a bear market or another global recession.
Yes Sir-
Interesting times my friend.
Compelling value in LBSR. At .04 is simple COMPELLING.
Would be smart Matey!
LBSR will be the play of 2011-the time to enter and own LBSR is today. Thanks to A & P-otherwise LBSR would be trading between .10-.20 right now.
Like OMO said, "Lock under .20"
I added the past 2 days and will continue to do so.
Yep-
LBSR IN 2011
We are golden: Uranium, Gold, Copper-Copper had a great day today-pushing $4 again today.
Interesting comments on Uranium-
http://oakshirefinancial.com/2010/12/01/adrian-day-long-on-gas-longer-on-oil/
Especially these-
TER: How rapidly will China expand its nuclear energy resources?
AD: It has more than 40 power plants on the drawing board currently or in various stages of production as part of a process that will be staggered over the next seven or eight years. Some are being built already, some are in development and some are still on the drawing board. This compares with 13 currently in operation and a further 23 under construction, but as many as 120 have been proposed beyond those. This phenomenal growth will mean huge demand for uranium.
TER: China has uranium mines. Will it have to import uranium, too?
AD: Oh, absolutely. There simply isn’t enough uranium that we know about in China to feed its own demand. It just signed a 20-year contract to buy uranium from Cameco Corp. (NYSE:CCJ; TSX:CCO), and it’s making these deals around the world.
With nuclear energy, one component that’s a little different from other sources is the plant itself. The largest part of cost from discovery through to output is the capex for building the plant. Relative to other power sources, operating costs tend to be low once you build a nuclear plant. The cost of uranium as a percentage of overall cost of that power for 20 years is extremely low; but, by the same token, a nuclear power plant cannot switch to coal or gas. So, once you’ve put all those billions of dollars into building a plant, it’s critical to get the uranium—at almost any price. I won’t say it doesn’t matter how much, but it is certainly not a project killer if uranium runs up to $300/lb. The uranium price is far less important than the dependability of supplies.
TER: So, why hasn’t the price of uranium gone up?
AD: Well, China’s big demand increase for its nuclear plants won’t really start until 2015, 2016. India and other countries haven’t really started yet. At the same time, we have excess supply now. Kazakhstan, which is acting as a swing producer, has a lot of excess capacity; so it can increase its production relatively easily as the price moves up and pull back if the price goes down. That’s the main reason uranium is fairly low. That said, because markets tend to look ahead and discount, I don’t think we’re going to have to wait until 2015 to see shortages start. In the second half of this decade, we’ll see a real supply/demand imbalance. At that point, prices will go up.
Yes-
And remember the gift that keeps on giving-weak retail and Alpha and Platinum.
If it wasn't for them we couldn't accumulate here. LBSR would now be trading north of the teens IMHO and possibly north of .20
Our day is coming.
Yes Amigo-
LBSR current market cap should be at least 50+ million-that is a TRIPLE from current levels-this is just a minimum or starting point.
All we need is patience! Big rise in pps is coming-not if, but when. You can thank Alpha and Platinum for the cheapies.
Amen Hungry-LBSR Longs
will be rewarded HUGE in 2011. It will be beyond comprehension for many.
Alpha and Platinum are still dumping shares on the market right now IMHO. They have converted 2/3 already or 100+ million and very likely down to a few million of those left to sell. Then they will convert the last 50 million and hold for the ride IMHO.
When you least expect it; LBSR will be up 200-300% in a day or two-which will make it more of a reasonable valuation and run to .50-1.00 range in 2011.
Added more yesterday.
Uranium up to $61 even
http://www.ifandp.com/article/008413.html
Uranium price edges upward by US$0.50
under News . Trading December 1st, 2010 by IFandP Newsroom
The spot price of uranium made a modest advance of US$0.50 to US$61.00/lb in the week ended November 29 after its November rally, which saw the price of uranium oxide rocket by US$9.00 or 17% from its October close of US$52.00, according to the Ux Consulting Company. China’s announcement regarding further long-term commitments and its increase in offer price held the price firm despite a slowing in the market.
Conversion rates, on the other hand, showed little movement with European conversion prices unchanged at US$13.00/kgU and their North American counterpart slipping slightly by US$0.50 to US$12.50/kgU. Uranium hexafluoride values gained US$23.01 to reach US$171.88/kgU in North America while in Europe UF6 values rose by US$23.51/kgU to US$172.38.
Another good read-
http://www.vancouversun.com/business/Commodity+prices+show+nuclear+renaissance+underway/3907833/story.html
OMO-
Could you give us your brief opinion/assesment what you think might develop in the next few months with LBSR? tia.