Looking at the low volumes today I am heartened that (at long...

Looking at the low volumes today I am heartened that (at long last) the market is finally getting the message that selling this stock now is inadvisable.

There's a few selling (and finding no problem filling their order) but I can't help but think if they put their sell order higher they would not have to wait very long.

I suspect that for people who feel they MUST trade, it will be as exciting as watching grass grow for the immediate future. They will find more exciting volatility elsewhere on the market, just follow the volume to find the casino :)

For the rest of us, the long-termers, it is all part of the original plan and all is going to plan.

I have been giving Stephen Dattels a lot of thought and how he successfully sold Uramin to Areva and how not long after that, the Chinese bought 50% from Areva.

It got me thinking about how when we do the calcs on an ultimate fair price we come up with figures that make us uncertain about who can actually afford those figures.

Well, I am beginning to think that it won't be one party but something similar to the Sino-Areva arrangement. I think it will be a JV between companies that will finally win.

I can see RIO being part of that arrangement because it makes such sense to use the local processing facility. That probably means that Iran would be part of the deal.

We start seeing a pattern when we look at it this way. Areva, largely French state-owned, Chinalco, entirely Chinese state-owned, Iranian government owns 15% of the Rossing operation, South African Industrial Development Corporation (IDC) owns 10%.

So I can see that Rossing South is important not only to corporations but to governments as well.

I think Dattels is looking to replicate his Uramin success but this time I think he will be looking at a greater scale of success.

So, how many billions of US dollars is Rossing South worth? I dunno, but I will say that I think we have a shot at something even greater than we have been calculating.