BCFT revoked:

http://www.sec.gov/litigation/admin/2011/34-65905.pdf

BCFT: SEC Suspension:

http://sec.gov/litigation/suspensions/2011/34-65639.pdf

http://sec.gov/litigation/admin/2011/34-65640.pdf

http://www.otcbb.com/marketwatch/

my bad, didnt realize your post was a year old

what jump?

Hello,

anyone knows the reason of this jump ?

`

Yikes!!

Hey, I think I am about to get banned from iHub. I posted a comment on the CINT board that said that the stock was a pump and dump, and that the iHub board and volume surged just prior to the announcement of dilution by CINT. My comment was banned by the Admin, and the usual suspects on the board sent me threatening messages privately.

Thus, I think IHub admin is getting paid by certain companies to pump certain stocks. This makes iHub completely non-neutral as a forum. It is NOT a good place to learn about new companies from objective people.

There is no free discussion, therefore, and beware of what you read in all iHub forums. Its a shame, really.

huge sell volume last week.

not a good sign.

you are probably right.

probably somebody hoping to dump them on iHubbers.

me either.

but who ponied up 300,000 shares worth and drove it up 150%?

haven't heard a thing

dude, don't be so paranoid. i have been burned more than enough times by pump n' dumps and liars here on the i-hub myself. right now i have no positions anywhere otehr than cash, a 401k, and lots of gold and silver bullion. i set up this board and niow manage GXPI too in order to learn more about iHub.

this thing looks like a POS, I agree. I am certainly not saying to buy it or not buy it, i don;t give a crap what you or anyone else does. But it is a traded company, and I am watching it and learning.

No, I do not work for any stock promo companies. But I think that mining stock, esp. gold and energy, will be the picks of the next 5 years.

this mining company looks too small to make any money, and anyway U3 has been on a downturn.

but.... why are you here? did you hear anything recently?

Why would you post to yourself here all that time if you had no interest in the stock?

Do you work for any of these outfits?

05/29/2008 (06:09 ET) GrowthStockResearch.com: Thursday's StockWatch: (OTC BB: BCFT), (OTC BB:NFSE) , (AMEX: FRG), (OTC BB: XDRC), (NYSE: USU) - M2 Communications

05/29/2008 (05:14 ET) SmallCapStockAnalyst.com: (OTC BB: BCFT) Monmouth Uranium Project Drilling Results - M2 Communications

05/28/2008 (09:38 ET) Wall Street News Alert: Breaking News Alert - BCFT! May 28, 2008 - Market Wire

05/27/2008 (10:46 ET) Businessnetwire.us: Stocks in the News: IMGR, PRVH, KDKN, BCFT - M2 Communications

someone made a major purchase the other day, well above the average volume.

why?

oh, that is right!!! I think I had like 300$ in there for about 2 days. UGH! another loss to report on the taxes in April.

Thanks for remining me. :-P

never?

Posted by: Joe Kernan
Date: Tuesday, July 08, 2008 1:47:06 PM
In reply to: sannwinds who wrote msg# 25 Post # of 43

I went in too early, I think, and I sold out after I lost 15%.

I think the right time to jump in would be after the Feds announce a comprehensive energy strategy that includes nuclear.

I like anything in mining , whether its in energy or gold, but uranium is in a weird spot right now. I am not sure where the trend will go.

The news today that G-8 wants comprehnesive reduction of greenhouse gases, and appears willing and able to move on a plan, can only be good for uranium, so if you are going in I would think that you should go in long.

I don't know... what do you think?

oh, i never bought any. i am just tracking it to see what happens. i still think it could be a good time to get into uranium, given the political atmosphere that is growing in favor of nuke energy. but whether or not this company is a good invetment vehicle, i really don;t know.

i did see the 150% increase, so maybe there is something going on here.

why are you still watching it? i think its just the 2 of us.

In May, when I warned you, this POS was trading above a dollar.

SOMETHING IS HAPPENING HERE...........

150% up!!!!!!!!

U prices dropping.... could be a good time to get in at the bottom.

This could start to look interesting again very soon.

McCain is pushing for nuclear power expansion. This could help raise the price of U3 futures or at least gain for attention for the market.

I'm gonna check back in a month here and see what's up.

My colombian gold companies are performing pitifully. I need to recoup losses, hopefully in teh energy sector.

Bancroft Uranium Begins Implementation of N.I. 43-101 Engineering Report Recommendations at Monmouth Project -- New President and CEO Appointed

SCOTTSDALE, AZ--(Marketwire - July 31, 2008) - Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") today announces that the Company has begun planning to fully implement the recommendations of the recently completed 43-101 compliant engineering report.

Development planning for the Phase 2 2008 exploration and drilling programs are now underway. This will focus on expanding the known mineralization in the skarn rocks as well as an evaluation of the radioactive pegmatite occurrences throughout the property. As approximately 1/5th of the known strike length of the uranium bearing rocks have been systematically explored, excellent potential exists for extension and expansion of the resource. Bancroft engineers are preparing the scope of work proposal and detailed budget for this work.

The Phase 2 surface drilling program is planned for immediate follow-up of 50 plus drill holes totaling approximately 10,000 to 15,000 feet. The objective of this work is to verify mineralogical continuity and tenor as well as expansion of the deposit. Fill-in holes will be added within the limits of the 2008 program and additional holes added both along strike and in both dip directions. This work will also include prospecting, mapping and sampling in the remainder of the claim block. Additionally, Bancroft is preparing a detailed budget to take a 50 to 100 ton bulk sample for further metallurgical testing, verification of the tenor and specific gravity of the mineralization.

In related news, Bancroft is pleased to announce the appointment of Mr. Robert McIntosh as the President and CEO of the Company. Mr. McIntosh has been acting as the Chief Geological Consultant on the Monmouth Project, working with and advising field operations. Mr. McIntosh brings to Bancroft 25 years of experience in the Mining Industry where he has designed, implemented and executed exploration, drilling and production mining operations in various commodities such as gold, base metals and uranium. He has served as a Director and Officer of many publicly listed companies in the United States and Canada.

Mr. McIntosh states, "I am pleased to assume the expanded role as President of Bancroft Uranium and look forward to an exciting future for both the Company and the Uranium sector. As nuclear power expands to offset sky-high oil prices, Bancroft will be positioned to take advantage of this opportunity at Monmouth and other projects. We would like to grow Bancroft into a producer of U3O8 and feel that we have taken a great step with the new compliant resource at Monmouth."

Mr. P. L. Hammond, C.A., remains as Director of Bancroft and will assume the role of Chief Operating Officer as well as assist in financial matters pertaining to the Company.

ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)

Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
------------------
Robert McIntosh
President and Chief Executive Officer

NICE!!!

Another benefit of a 43-101 certificate is that it can be used as collateral for conventional financing as opposed to toxic financing.... A 43-101 is a big deal.....

Agreed. Maybe I will venture back in. I was in this stock for a short time, but pulled out before U3 price recovered. This could be worth the effort.

Thanks for the information, I was not paying much attention over here recently.

I do believe U3 will be a major bull within the next 5 years, but I do not know when that will start and I was shy with my capital until I saw confirmed improvement.

I like seeing a 43-101 report.....
a 43-101 report proves there is commercially extractable Uranium there....

this is good news :)

Wow, that is not bad. Uranium has been inching up, and I do believe in the long term viability of U3 as a good investment.... the question is the timing of entry?

Its nice to see some life on this board!

What do you think Roger Wilco

And is Roger Wilco a Spacequest reference or radio reference?

Bancroft Uranium Files 8K on N.I. 43-101 Report for Monmouth Uranium Project

SCOTTSDALE, AZ--(Marketwire - July 29, 2008) - Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") today is pleased to announce that the Company has now received the final engineering report and findings prepared by a third-party engineer and Q.P. ("Qualified Person") on the Monmouth Uranium Project which was prepared under compliance with N.I. 43-101 standards. The report on the 2007 and 2008 work program was commissioned by Bancroft and authored by Mr. Clarence Marchand, P.Eng a Q.P. under N.I. 43-101.

The report has now been filed as an 8-K filing on the EDGAR database and Bancroft has provided a link on the Company's website where the public can easily access the report in its entirety. To view the report, please visit: http://www.bancrofturanium.com/projects/monmouth/43-101report.asp

The N.I. Policy 43-101 report concluded that Monmouth has an inferred resource of 1.4 Million Tons at a grade of 0.5 pounds per ton for a total resource of 700,000 pounds U3O8. Future work will concentrate on further expansion of the newly calculated resource through additional exploration and drilling. Bancroft and its engineers are confident that future work can expand the current compliant resource at Monmouth.

ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)

Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
Bancroft Uranium Inc.

P. L. Hammond, C.A.
President and Chief Executive Officer

To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.

Shareholder and Investor Information: 1-866-860-2995

The Investor Relations Group: 212-825-3210
Investor Relations:
Rachel Colgate
Email Contact
or
Michael Crawford
Email Contact
or
Media Relations:
Susan Morgenbesser
Email Contact

So what is going on over in this board? I am the only one here, as usual. But... it looks like hte uranium price is turning around. Maybe this thing will start cooking again.

No prob. I could be wrong, you know. But I am more careful now. Better to risk that money in a call option on SLW at 16 or 20 in December. That is where I am looking this week.

Thanks Joe I will just keep my eye on it and see what happens.. Thanks for the tip.

The other thing is that this mine appears to be small. I don't know if it will make it to profitability in this market. In my opinion, I think hold off a bit and see where this goes, uranium prices are low, we need to see movement there first before we consider mid or small operations like this take off.

I expected a uranium movement this year, but it looks like it will be next year or the year after. I think maybe there are better places for growth right now, like gold and silver juniors.

I went in too early, I think, and I sold out after I lost 15%.

I think the right time to jump in would be after the Feds announce a comprehensive energy strategy that includes nuclear.

I like anything in mining , whether its in energy or gold, but uranium is in a weird spot right now. I am not sure where the trend will go.

The news today that G-8 wants comprehnesive reduction of greenhouse gases, and appears willing and able to move on a plan, can only be good for uranium, so if you are going in I would think that you should go in long.

I don't know... what do you think?

Joe just to let you know.. I'm reading your posts.. Just thinking about the right time to jump in or not..

Well, that sucks.

Good thing I'm the only one in the room. I lost $200 on this today. Nuts.

No surprise here.... will be good for uranium prices as oil becomes increasingly unaffordable.

Election could delay Fed rate rise until December
Sunday June 29, 12:06 pm ET
By Alister Bull

http://biz.yahoo.com/rb/080629/usa_fed_politics.html

WASHINGTON (Reuters) - The Federal Reserve may be hesitant to raise interest rates ahead of the U.S. election in November, although there is no hard evidence to support the widely held view that politics influences monetary policy.

The Fed has raised rates in election years, as well as leaving them on hold or cutting. As a result, there is no pattern to confirm the strong sense that the central bank prefers to hold fire as Americans go to the polls.

Nonetheless, economists say the case for rate increases would have to be particularly convincing for the Fed to act.

"The Fed will want to be as low-key and invisible as possible and that means the Fed will not want to change the funds rate ahead of the election," said William Poole, who retired in March as president of the St. Louis Federal Reserve Bank after a decade on the Fed's rate-setting committee.

"But I believe that if there is a compelling case, the Fed will do so," he said. "I do not believe the Fed will abstain from necessary policy action because of the election."

Some see political calculations delaying Fed action until after the November 4 presidential election to the central bank's first post-vote policy meeting on December 16.

"We're facing an election, and the Fed usually tries to stay on the sideline," said Henry Kaufman, a veteran observer of the U.S. economy and former chief economist with Salomon Brothers in the 1970s and 1980s.

"I doubt whether the Federal Reserve will, as it is now structured, have the strength within its voting power to say we're going to go up 50 basis points, 50 basis points, 50 basis points," Kaufman told Reuters earlier this month, referring to the possibility of a series of half-percent point moves.

Interest rate decisions are subject to a vote by members of the Federal Open Market Committee. The ballot is split between the presidentially appointed members of the Fed's Board of Governors in Washington and five of the 12 regional Federal Reserve bank presidents.

BLAME GAME

Insiders deny politics influences their decisions. But there is no doubt moving rates in an election year can make the Fed either hero or goat from a political perspective, earning the ire of the party that feels central bank action -- or inaction -- cost it votes.

Former President George H.W. Bush famously blamed then-Fed Chairman Alan Greenspan for not lowering rates more aggressively as he campaigned for re-election in 1992.

That was the year in which "It's the economy, stupid" became Bill Clinton's winning slogan.

"I think that if the interest rates had been lowered more dramatically, that I would have been re-elected president because the recovery that we were in would have been more visible," Bush told British interviewer David Frost in an interview aired in 1998

"I reappointed him, and he disappointed me."

BERNANKE FED

The current Fed under Chairman Ben Bernanke slashed benchmark overnight rates to 2 percent in seven steps that began in September.

But it is now increasingly worried about inflation in the face of surging food and energy prices, and last week it halted the rate-cut campaign and hardened its warnings on prices.

Investors think this means the next move in rates will be up, and see almost an 80 percent likelihood of a quarter-point rise by the Fed's meeting at the end of September.

Some economists, concerned the economy is still fragile, think it will take longer for growth to recover and argue against hasty rate action.

In particular, they worry that more than $100 billion of economic stimulus checks the government is sending households will deliver only a temporary fillip to consumer spending.

Once that money runs out, the economy could stumble, and they think the Fed will want to watch spending behavior over the summer and early fall before raising rates.

Data on Friday showed that stimulus checks had pushed consumer spending up by a sharper-than-expected 0.8 percent last month and pushed up disposable personal income by the largest amount since 1975.

Economists at JPMorgan saw this doubling second-quarter U.S. growth to a 2 percent annual pace, but they warned it would fall back to 1 percent in the third quarter.

As the Fed weighs inflation and growth risks, it has only three more scheduled meetings before the presidential election -- August 5, September 16 and October 28-29.

If Bernanke trusts his forecast that inflation will moderate as the rapid gains in energy prices subside, and wants to give the economy a chance, he could hold off tightening monetary policy until the post-election meeting on December 16.

"They're not going to do anything in October, a week before the election, so I think they are on hold," said John Silvia, chief economist at Wachovia, the fourth-largest U.S. bank.

No surprise here.... will be good for energy prices as oil becomes increasingly unaffordable.

Election could delay Fed rate rise until December
Sunday June 29, 12:06 pm ET
By Alister Bull

http://biz.yahoo.com/rb/080629/usa_fed_politics.html

WASHINGTON (Reuters) - The Federal Reserve may be hesitant to raise interest rates ahead of the U.S. election in November, although there is no hard evidence to support the widely held view that politics influences monetary policy.

The Fed has raised rates in election years, as well as leaving them on hold or cutting. As a result, there is no pattern to confirm the strong sense that the central bank prefers to hold fire as Americans go to the polls.

Nonetheless, economists say the case for rate increases would have to be particularly convincing for the Fed to act.

"The Fed will want to be as low-key and invisible as possible and that means the Fed will not want to change the funds rate ahead of the election," said William Poole, who retired in March as president of the St. Louis Federal Reserve Bank after a decade on the Fed's rate-setting committee.

"But I believe that if there is a compelling case, the Fed will do so," he said. "I do not believe the Fed will abstain from necessary policy action because of the election."

Some see political calculations delaying Fed action until after the November 4 presidential election to the central bank's first post-vote policy meeting on December 16.

"We're facing an election, and the Fed usually tries to stay on the sideline," said Henry Kaufman, a veteran observer of the U.S. economy and former chief economist with Salomon Brothers in the 1970s and 1980s.

"I doubt whether the Federal Reserve will, as it is now structured, have the strength within its voting power to say we're going to go up 50 basis points, 50 basis points, 50 basis points," Kaufman told Reuters earlier this month, referring to the possibility of a series of half-percent point moves.

Interest rate decisions are subject to a vote by members of the Federal Open Market Committee. The ballot is split between the presidentially appointed members of the Fed's Board of Governors in Washington and five of the 12 regional Federal Reserve bank presidents.

BLAME GAME

Insiders deny politics influences their decisions. But there is no doubt moving rates in an election year can make the Fed either hero or goat from a political perspective, earning the ire of the party that feels central bank action -- or inaction -- cost it votes.

Former President George H.W. Bush famously blamed then-Fed Chairman Alan Greenspan for not lowering rates more aggressively as he campaigned for re-election in 1992.

That was the year in which "It's the economy, stupid" became Bill Clinton's winning slogan.

"I think that if the interest rates had been lowered more dramatically, that I would have been re-elected president because the recovery that we were in would have been more visible," Bush told British interviewer David Frost in an interview aired in 1998

"I reappointed him, and he disappointed me."

BERNANKE FED

The current Fed under Chairman Ben Bernanke slashed benchmark overnight rates to 2 percent in seven steps that began in September.

But it is now increasingly worried about inflation in the face of surging food and energy prices, and last week it halted the rate-cut campaign and hardened its warnings on prices.

Investors think this means the next move in rates will be up, and see almost an 80 percent likelihood of a quarter-point rise by the Fed's meeting at the end of September.

Some economists, concerned the economy is still fragile, think it will take longer for growth to recover and argue against hasty rate action.

In particular, they worry that more than $100 billion of economic stimulus checks the government is sending households will deliver only a temporary fillip to consumer spending.

Once that money runs out, the economy could stumble, and they think the Fed will want to watch spending behavior over the summer and early fall before raising rates.

Data on Friday showed that stimulus checks had pushed consumer spending up by a sharper-than-expected 0.8 percent last month and pushed up disposable personal income by the largest amount since 1975.

Economists at JPMorgan saw this doubling second-quarter U.S. growth to a 2 percent annual pace, but they warned it would fall back to 1 percent in the third quarter.

As the Fed weighs inflation and growth risks, it has only three more scheduled meetings before the presidential election -- August 5, September 16 and October 28-29.

If Bernanke trusts his forecast that inflation will moderate as the rapid gains in energy prices subside, and wants to give the economy a chance, he could hold off tightening monetary policy until the post-election meeting on December 16.

"They're not going to do anything in October, a week before the election, so I think they are on hold," said John Silvia, chief economist at Wachovia, the fourth-largest U.S. bank.

of course, the price has decreased sharply off from the highs, and is in a new low....

a good time to invest! this is a long term energy play. 2 years prob before payoff.

Thursday, 26 Jun 2008
Powering Your Portfolio: Uranium
Topics:Gold & Precious Metals | Investment Strategy | Canada | Japan | Alternative Energy | Energy | Nasdaq | NYSE | Stock Market | Stock Options | Stock Picks
Sectors:Basic Resources
Companies:Mitsubishi Corporation | Cameco Corporation
The uranium sector is due for a rebound and investors can profit from this by buying either miners or companies building nuclear power plants, according to Peter Howe, head of trading at Helvetia Wealth.

Uranium miner Cameco, and Japanese industrial companies Mitsubishi Industries, Sumitomo Heavy Industries, Nippon Crucible and Toshiba, will all benefit if prices of uranium rise as expected, Howe told "Worldwide Exchange."

The price of uranium should rise to $90 per pound from its current level of $57, Howe said.

Goldman Sachs GOLDMAN SACHS GROUP INCGS
174.56 -1.70 -0.96% NYSE


Quote | Chart | News | Profile
[GS 174.56 -1.70 (-0.96%) ] said Monday it expects a 55 percent increase in the demand of uranium.

"We think Cameco's going to be ahead of the game when the uranium price recovers," Howe said.

There are three new nuclear power plants going up in India and likely nine more power plants to be built by 2009 in Russia, Japan and Canada.

Even in the U.S. -- which hasn't built a new nuclear power station since 1990 -- presidential candidate John McCain plans to double energy output from this sector, which would require 60 new nuclear power plants.

Ninety-five percent of the new nuclear power plants are being built by Japanese companies, according to Howe.

Looking to miners, Canada's Cameco CAMECO CORPORATIONCCJ
40.43 1.40 +3.59% NYSE


Quote | Chart | News | Profile
[CCJ 40.43 1.40 (+3.59%) ] has a market capitalization of more than $13 billion and is the world's largest uranium producer. It also mines gold.

The company's margins have been slightly thin over the last year due to high production costs, according to Howe.

"We think some of the smaller producers are going to be in trouble because of the thin margins at the moment," Howe said.

"Cameco could be in a position to scoop a couple of its smaller competitors up and grow its market dominance."

http://www.cnbc.com//id/25384906?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

Look Out... $500 Uranium Is On the Way
By Keith Kohl
Tuesday, April 10th, 2007

Baltimore, MD--Uranium's meteoric rise has only just begun. Today the other yellow metal not only breached the $100 per pound mark--it smashed it! The spot price for uranium soared to $113 per pound. But is it time to break out the champagne?

Let's take a quick look at just how uranium broke wide open before we delve into its bright future.

In 1985, uranium demand was being met by supply. The Cold War was winding down, and so uranium production was scaled back. Eight years later, the U.S. signed a deal with Russia to fuel U.S. nuclear reactors using old Soviet warheads. This decreased the demand for uranium production and caused prices to plunge.

When prices fell, mining companies halted nearly all uranium production. No sense in mining uranium if there's no profit, right? So drilling was halted and exploration stopped. Uranium bottomed out at $7.10 per pound on December 25, 2000.

But demand for the stuff has skyrocketed over the past seven years, and because miners practically stopped production, supply hasn't been able to catch up yet. You see, the problem with mining uranium is that it can take up to a decade to bring a new mine into production.

Then another blow to production occurred when Cameco's Cigar Lake mine flooded. The uranium price shot through the roof.

Don't expect a quick fix at Cigar Lake, either. This massive uranium mine was supposed to start production again next year, but Cameco has said it will take at least another two years before production can begin.

Let's look at what this raging uranium bull has done and exactly where it's going.

Uranium prices in 2007 started at $71 per pound and increased to $113 per pound today. That means the spot price has jumped 59% in just four months!

Date: Monday, June 16, 2008 | Trading Symbol: BCFT

Bancroft Uranium Announces Final Series of Drilling Results

Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") today announces the final series of drilling results from the 2008 surface drill program conducted at the Monmouth Uranium Project, near Bancroft, Ontario. The Company today is releasing assay results from the final 7 drill holes 08-41 through 08-48 as outlined below. The Company has now received all drilling results and third party engineers have begun calculating the uranium resource at Monmouth. The detailed engineering report on the Monmouth Uranium Project being prepared will comply with N.I. Policy 43-101.

This fourth in a series of drilling assays and intervals are from holes drilled over the final 200 feet of strike length exposure of the host rock skarn. In total, the combined results cover drilling conducted over 1,100 feet of strike on the deposit. Assays of 1.069lb/13.6' in the last hole drilled, 08-48, and 0.831lb/15.5' in 08-42 represent the best results from this series of holes. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:

08-41- 0.939lb/1.1' from 263.7 to 264.8 feet, 0.830lb/2.2' from 348.5 to 350.7 feet

08-42- 0.831lb/15.5' from 368.6 to 384.1 includes a 3.773lb/2.6' at 368.6 to 371.2 feet

08-43- 1.004lb/11.6' from 97.2 to 108.8 feet; including 1.905lb/5.0' from 97.2 to 102.2 feet and 0.536lb/3.8' from 105.0 to 108.8 feet

08-44- 0.288lb/11.4' from 64.4 to 75.8 feet; 0.401lb/9.6' from 104.2 to 113.8 feet; 0.701lb/4.1' from 124.9 to 129.0 feet

08-45- 0.126lb/14.1' from 18.9 to 33.0 feet; 0.433lb/32.1'/56.3 to 88.4 feet including 1.014lb/9.7' from 56.3 to 66.0 feet and 0.256lb/14.3'from 74.1 to 88.4 feet

08-46- 0.372lb/14.9' from 89.0 to 103.9 feet including 0.613lb/7.3' from 89.0 to 96.3 feet; 0.367lb/25.8' from 125.9 to 151.7 feet including 0.447lb/17.0' from 125.9 to 142.9 feet and 0.358lb/5.2' from 146.5 to 151.7 feet

08-47- 0.474lb/43.3' from 82.0 to 125.3 feet

08-48- 1.069lb/13.6' from 13.3 to 26.9 feet

Bancroft has verified the location, thickness and flat lying geometry of the uranium bearing skarn system intersected in the historical drilling. U3O8 assays have been returned from both uraninite-bearing bright orange-colored calcite alteration in the skarn and from several pegmatite bodies in and adjacent to the skarn package. The geological modeling of the deposit is now coming into focus with the alteration zone rock package dipping at a fairly consistent 25-30 degrees, amenable to a potential open pit scenario.

All of Bancroft Uranium's exploration programs are designed and supervised by Qualified Persons ("QP") under the N.I. Policy 43-101, who ensure that programs are carried out using current industry "Best Practices." Murray McGill P.Geo (QP) supervised the spring 2008 drilling program. The NQ size core was logged by Mr. McGill and split on-site. Activation Laboratories in Ancaster, Ontario, analyzed half core samples using standard Delayed Neutron Counting (DNC) methods. Activation Laboratories employs rigorous in-house QA/QC procedures in the DNC process.

ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)

Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
- - - - - - - - - - -
P. L. Hammond, C.A.
President and Chief Executive Officer

where is the volume?

Spinning top yesterday! A good technical indicator for reversal.

I think we hit a bottom here. This is about to reverse course.

Future Promising for Nuclear Power but Challenges Remain
Experience of Countries Like Korea Crucial to Future Development
Staff Report
19 June 2008

The number of nuclear power reactors around the globe is estimated to increase up to 60% by 2030, said Mr. Yury A. Sokolov, Head of the Department of Nuclear Energy and Deputy Director General of the IAEA, at an industry event in Korea. He also remarked that the experience gained over the past decades in energy planning for sustainable development, as well as in the construction, commissioning, operation and maintenance of nuclear power plants will be crucial to help newcomers in the nuclear field.

The global nuclear power industry, however, must find convincing answers to the challenges posed by future development in order to contribute to the world’s energy supply mix in the long term, Mr. Sokolov added. Such challenges include:

Sustainability of uranium resources;
Safety and economics;
Waste management and the fuel cycle;
Public acceptance;
Human resources and knowledge transfer;
Development of industrial capacity;
Integration of newcomers in the nuclear field;
Assurance of technology and material; and
Non-proliferation.

http://www.iaea.or.at/NewsCenter/News/2008/nppfuture.html

I think we are about to turn this thing around here.... Uranium is the future!!

Bancroft Uranium Updates N.I. 43-101 Report Progress
Thursday June 19, 9:00 am ET


SCOTTSDALE AZ--(MARKET WIRE)--Jun 19, 2008 -- Bancroft Uranium Inc. (OTC BB:BCFT.OB - News) ("Bancroft" or the "Company") today wishes to update the progress of the ongoing third-party engineering report on the Monmouth Uranium Project, which is being prepared under compliance with N.I. 43-101 standards.


The Company has been informed that the progress of the report is proceeding well and that an initial draft will be made available to management by next week. The final report, which will be filed with regulatory agencies and released to the public, is expected in approximately 3 weeks; or the end of the first week of July. The resource calculation is near completion and the final report conclusions and recommendations are now underway.

Bancroft is pleased with the progress and the professionalism of the engineering group authoring the report and will endeavor to keep the public apprised of the progress towards completion and will release the findings when the final report has been made available for filing.

ABOUT BANCROFT URANIUM INC. (OTC BB:BCFT.OB - News)