Uranium Mining and Exploration

[Tackler]

Hi McB

After the last pp I calculate 12.3 million shares out including the 4 million warrants which at 40¢ will likely be exersized. Market cap around 10 million. This market has priced LAM's uranium play at +20 million so far.

Thinly traded, tightly held stock, of the 8.3 million GDR shares "out there" right now...

Brian E. Bayley 1 mil
Murray Sinclair 1 mil
Nathan Tewalt 275k
Quest Management 680k
Intenational Uranium 1.8 mil
WEF (property deal) 1 mil
Various insiders 400k

Property aquired, pp to insiders done, according to the script the next step will be to issue options. Then they can start some work.

I picked up a few at .70 last week believing as they prove (talk?) up the property it will go higher. I like the fact IUC is involved also.