the big drums are starting up for smm, page-17

A quote from the International Herald Tribune 27/2 ""The significant number of new entrants in the uranium exploration space, the ongoing strength in uranium prices and the five-year-plus lead time in taking a project from exploration to production are likely to lead to ongoing rationalization, and we expect some ongoing excitement in the sector," ABN analysts led by Warren Edney said in the report.

Paladin's bid for Summit "makes sense and adds value," Edney said Tuesday. The offer looks "cheap" in terms of dollars per pound of uranium resource, compared with SXR's agreed bid for UrAsia, which is about twice as much on that measure, he said."