IstriaMy previous calculation was incorrect. I have calculated...

Istria

My previous calculation was incorrect. I have calculated over 96 months instead of 48. The real return under these conditions would be 31%. Add this to the loss of 68% and you have a nett return of 98% at current values. However the rate used is very low and the principle is sound. You will double your money in a good long term investment with minimal risk every 7-9 years. That means by 2020 your investment would have increased by more than 400%. That means a difference of 468% at current values. Realistic figures at current rates would produce 531%+68%=599% by 2020.

The numbers are not as critical as the comparison between guaranteed return at minimal risk and likely return at very high risk. What the very useful news provided by Pirra means is that investment in credible Uranium miners such as RIO and BHP will likely produce good returns at low risk. It certainly does not mean that the exceptionally high risk represented by Uranium exploration companies such as CUU is in any way a safer investment.