starting thread number 3, page-33

re: price prediction and follow up Welcome Robbo,

You seem to be complaining about this post:

"My post 1054463, this thread, refers.

On 11 May 2006, a prediction was made that a year later, the U price could be $68.

It is now $72.

In post 1426502, this thread , I made a prediction on Dec 10, 2006, that the U price could be $100 before the end of 2007:
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Date: 10 Dec 2006:
Extract:
"+ + + Assume we have an Insitu 150 mill lbs U in 12 months time, and the U price will be the current US$42+26=US$68..."

COMMENT:
The U price is now $US65, so we may expect $68 at the end of this month instead of next year's May. (Last year's May price was $42- See above). If so, that would be a rise of 62% in 7.5 months.

At present we have 197.4 mill shares and 8.35 mill 2011 options?

Current prediction is for $100 at end of Dec 2007.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities".
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Today, 9 Febr 2007: Comment: There is nothing wrong with making price predictions in this case. I made an oil price prediction and gave reasons for that. It was successful but conservative. I also gave reasons for my past Uranium price prediction and that was conservative as shown above.

So, I predicted $100 at the end of this calender year. Seems we are doing well sofar.

In case you did'nt know, spot prices are given as well from time to time from this website:

http://www.uranium.info/

We don't know the latest long term prices hence we can't record them. Neither do I claim that SMM will get those spot prices.

However, if the spot price is $100 and SMM has't got contracts, then, if mining proceeds, the contract price could be higher than todays spot price.

Sofar, as we know SMM has no contracts.

So, I can't see why you are so concerned. Many other writers have predicted U prices and there has'nt been any criticism.

I suggest you read this whole thread as well as the previous ones. At no time have I claimed that mining will proceed.

You are supporting MTN. Hopefully, you will do well.


Gerry