Saturday, October 04, 2008 4:22:41 PM
The bill introduced by Senators Hatch and Reid has been referred to the Senate Energy & Natural Resources Committee. No hearing on this bill is currently scheduled on the committe calendar. The earliest this would get heard is after the election. If Congress does not come back into session, until after the New Year, we're probably looking at early Spring before this has any chance of making it onto the Floor for a vote.
That said, there looks to be a lot of potential for the company to do a deal with India very shortly after the '123' agreement is signed this weekend. This will be a new source of revenue and maybe add some priority to the bill above, given the Indian's interest in Thorium Power.
If we do get a deal with India, I'd expect to see this stock somewhere between $0.50-1.00.
Thoughts?
GLTA,
Murocman
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