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Thursday, January 19, 2006 10:18:09 AM
The current bull market in Uranium is just getting started. Countries have no choice but to consider nuclear energy because of its low cost, efficiency and safety. Many Uranium stocks have since 1,000% gains over the last few years. Now, many Uranium junior explorers are starting to pick up steam.
This bodes well for EKWX for several reasons. First, Uranium is coming off a 20 year bear market which saw depressed prices. The low prices were the main reason there were so few new Uranium discoveries, it didnt make sense to invest in searching for a new mine. Now, with prices over $30.00 and the potential to reach much higher, the search is on for new potential mines.
Arizona and New Mexico have a rich history of Uranium production and thats exactly where EKWX has begun studies as of Nov 05.
I believe it is more likely that EKWX will discover Uranium before gold and silver.
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