is the real deal

Below is a post by Billy Gatess on the Uranium thread...

there is little doubt that supply and demand fundamentals are driving the u308 price.
Most of the listed uranium hopefuls are going to have to either raise more money, wont find a cracker, find something they can't mine anyway, the deposit is sub economic etc. Many are quoting parts per million or back ground readings etc. These sorts of companies are simply riding the boom and are likely to be a waste of time.
There are only a handful of real resource players and their market caps reflect this. They will still need to raise money to build the plant even if its approved.
The next best thing is to invest in an explorer that has uranium skilled management [ only a handful of those exist] that have deposits in countries that will allow mining etc. Most of these will be in Africa imo.
The market has had its honey moon stage of pegging ground and now its going to have to prove who's got what..
I can imagine 30% of the listed uranium hopefuls will be dead by xmas this year or their share prices will be fractions of their highs.
Most people hate missing out on a potential major win, but the market is entering a new phase that will drive out the pretenders.
The market will also not react as it has in the past, so news will be viewed with a degree of caution rather than straight out price hikes. dyor.

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Clearly, WME has the money, has the experienced management, has the historic (soon to be confirmed) resource, has the neighboring company of producers and soon to be producers including feasibility studies by UraMin on a resource lesser than WME's. In response to Billy's post I can safely say WME will be around at Christmas for this and many years to come and well, as for the SP.... WME's has yet to even take off. There is nothing but an upside to this and the market will realise its ignorance soon. BRING IT ON!!!