bureau of land management's environmt assessmt

This stock has ran hard and we have to way up risk/reward. Past 2 days she has retraced. Is it just profit takers selling and short term traders selling out on stop losses or has there been leaked information regarding an unlikely delay with the Environmental Assessment?

It has been reported on the EA that the issues raised have been discussed and resolved along with additional data provided to support. So in my opinion the EA should be approved. Reward - she will run hard when this is announced to the market. Risk - delay in EA, retrace but... eventually will come back hard when it is approved.


" Based on the analysis of potential environmental impacts in the Environmental Assessment, the BLM determined that with required and proposed mitigating measures, the Plan of Operations does not
result in significant impacts on the human environment. An Environmental Impact Statement was not required. The BLM elected to invite public comments on the Environmental Assessment report.

The comment period proceeded satisfactorily and concluded on 12 April 2009. A final consultative meeting occurred between the BLM and the Company on 22 April, where issues raised during the comment period were addressed and resolved. Additional data has been supplied to support the EA
and the BLM has indicated that the finalization of the Environmental Assessment can be expected on or about 20 May.

Underground development is expected to commence immediately. Mining and
shipment of ore is expected approx. 100 days thereafter. Negotiations on terms for ore treatment are advanced with Denison Mines, owner of the White
Mesa uranium mill, 100km away at Blanding, Utah. "