Replies to post #8410 on Value Microcaps Free-For-All

[Bobwins]

My uranium portfolio is CXX.v, DML, EFR.v, EQN.to, SXR.to, STM.v, FRG, THV.v, IRNG.pk,URZ. Same comments regarding hard to tell the long term winners here. I have a little of a lot of the players that seem credible. Over 300 uranium explorers out there. Very FEW Producers. SXR, EFR, STM URZ seem like legitimate candidates to become producers short term(2-3 years). Bobwins

[micham2012]

re Uranium:

After several weeks of treading water at $72/lb., the spot price reported by UxC has increased to $75/lb. While it took time for the market to digest a jump from $65 to $72 in one week, there never was a pullback. In the 20 months that I have been following the weekly spot price for uranium it has never gone down. Pretty amazing, I think.

Unless the news at Cigar Lake is unexpectedly positive, I continue to think we are likely to see $100/lb. by the middle of the year. While the price is no doubt held aloft to a certain extent by speculative buying, the supply/demand imbalance is very real.

Steve