I don't think funding a mine is a problem at an increase in...

I don't think funding a mine is a problem at an increase in share price we are waiting for.

Also, predictions have been made when the U price was much lower.

If I had a Bank then I would consider Uranium as *the* prized commodity, overtaking nearly all commodities in sight.

So, I think you can forget about any cash needed.


It is true and I have mentioned it many times, that Australia, the US and Canada have big problems in all facets of mining, inccluding assaying and feasibility reports. Some have a real problem obtaining a hired drill.

The reason is that Chinese demand has suddenly increased intensity of mining. Demand often is greater than supply.


So, in that context, one needs patience.
As to the Qland question, there have been some positive developments.

I have been in SMM for quite some time and can't understand why a few are in such a rush.

SMM knows that rather than serving up a limited progress report, it can make a much bigger impression by getting something useful published and I am prepared to wait for that.

For info:

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=144645#417699

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=237378#731971

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=366594#1270585

(The last one is the current one)

The Mt Isa region is a splendid one for Uranium. SMM only needs one Plant to service all deposits and it is in Australia.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.