Not to mention Uncle Panda, (how cute) that with the price of uranium down, this is a actually a positive for EXT. In the short term the undersupply of uranium will have less stress on its price due to the shut down or "suspension" of plants, this will hold the price down for even longer, however what does that mean for EXT???
Well many resources will lose value as the price of uranium stays lower for longer where as EXT with its amazing resource, in fact the biggest resource of any kind found in the last 30 years, will still be a profitable mine with lower uranium prices. Whilst EXT have stated a minelife of 20 years, I, without a doubt believe we would be looking in excess of 50 years mine life...........By krikey, I will definitely be dead by then no matter what happens in japan.
Harlee
EXT Price at posting:
$6.90 Sentiment: LT Buy Disclosure: Held
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