Investors need to realise that it takes 10-15 years to go from the moment you find U to a producer. And it requires HUGE amounts of capital and there are a billion political, legal and environmental obsticals.
Uranium is not hard to find. It is just hard do anything with it!
So a speculative stock based on asset value wont take the next leg to producer and establish earnings based value for 10-15 years. Thats a long time to wait.
Iron Ore is much easier to dig up and ship out. I'm all over Iron Ore.
the uranium exploration fantasy is over, page-26
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