7 reasons why era sp will drop in the new year

1. Strong Australian Dollar.

2. China looking weaker.

3. It's cheaper for India and China to buy Uranium from Kazakhstan.

4. Australia has no interest in uranium other than to sell to other countries. If nobodies buying from Australia because its cheaper elsewhere. How can era make any money?

5. Over supply of uranium to the market.

6. Era and other uraniuma companies around the world will have to drop the price they sell uranium to remain competitive. This will cause a global deflation of Uranium prices. Instead of 50 something US we will be seeing 30 something US within 12 months.

7. ERA will need to find and mine more reserves in order to remain competitive. At present they don't have any other than the ranger deeps which may not be able to be mined commercially until the have better water management control which won't be happening until 2013 sometime.