going from past booms - that would be a good assessement of the...

going from past booms - that would be a good assessement of the situation. nickel booms, end up with most explorers finding nothing - but this is always preceeded with a lot of hype. uranium - well there was a massive boom back in the early 1970's when queenland mines found narbelek. very little else was found by the juniors.. pancontinental had a huge deposit, and uraniumn was found as a byproduct of copper exploration at roxby downs (olympic dam). just a look at the uranium deposits in australia, show, that by the time one gets down to the tenth largest, it is pretty small, at a low grade (but as a byproduct, which would make it economical) - and then never forget the diamond booms - arggh - plenty of hype - but at the end of the day, most companies walked away empty handed. no doubt it will be the same for uranium - but as smm already have a good depost, then that would be a prime deposit to develop. the other shareholder is vul