smm + mtn ... the big differance, page-4

Yep well said Zen.

Not looking at BHP, ERA (RIO) or PDN, the most advanced Uranium companies listed on the ASX are SMM and MTN.

SMM obviously have a measured resource in place and look most likely to upgrade the tonnage resource but unfortunately QLD has Krusty the Clown as premier and therefore all his decision making or non decision making is a joke.

Although MTN was the centre of attention for one day last week, it has been neglected since. The announcement was A1 and the more times you read it, the better it gets.

Compare MTN's announcement last week to any other expolration report by any of the minnows and you know that all the other minnows are a waste of time. They're good for a short term trade. BTV and SAU are prime examples of two companies that are riding the Uranium wave at the moment on no subtance. They thin they are the Renaults, but they'll always be the Minardis. Once the U bubble bursts so will they.

Ive put my dollars into MTN and some into SMM not for a quick buck tomorrow or next week, Im looking for a substantial return over the next few years.

As mentioned before MTN are practically next door to BHP's Olympic Dam. Olynpic Dam's U grades are lower but Uranium is operating very very productively. Over $35 million was generated through Uranium sales at Olympic Dam just for the month of June.

It may turn out at the end of the day that Paralina is the jewel in the crown and not Olympic Dam. There is still a long way to go but if last week's ann was any indication of the progress that MTN will be makiing on the Paralina project; stay tuned because last Tuesday's rise will be immaterial when compared to future rises.

Best of luck

Cheers