Beightroot, good to hear from you. I'm keeping an eye on Cameco, because if it retests the Nov low of 31 then we know that Cigar Lake is pretty much doomed for many years to come. I'm currently reading this article "Profiting from the Advanced Energy Initiative: nuclear energy (1.72 cents/kilowatt-hour compared to 2.21 for coal, 7.5 for gas and 8.09 for oil) and the electricity costs that result are lower and more stable. But i found this interesting "From a technical standpoint, ENERGY METALS (NYSEArca: EMU) and USEC Inc. (NYSE: USU - News) currently offer the best profit potential over the next several weeks." Why you might ask? Because Energy metals are heavily committed to the uranium play in the same states as BLR and are emerging to be a big player in the ISR of uranium in these states and this is what's been happening to its sp. Notice the similarity to BLR. Only a guess on my part but i think that some big players are positioning themselves for future growth here.
seek expert advice
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
