uranium stocks to go sick upwards, page-13

good luck with that hussey,

as good a chance as any of those in that catagory.

The problem but, as i see it, is,

Stage 1.

take 10 or more spec explorers looking for U, maybe only one of them proceeds to the next level by getting decent enough drills to jorc.

Stage 2.

Take the graduates with jorc or good drills, and start doing feasabilities etc, fund raising etc, political issues, minerology, etc, etc.

Maybe 1 in 3 actually get approvals and financing to mine.


For the general mining exlorers, I've heard it can be much worse than 1 i 10 actually, so my thoughts are why gamble on the 9.

In the market today, people look for certainty, not fairytales.

When we were in the bull market, and any horse would do, and you could whip it to a canter, you could at least get it to the water trough. But in this climate, hard to get them to drink at all, most wither and die.

If you had 10 bucks, and you placed a dollar on each spec, and nine turned to dust, and the 1 turned to a 10 bagger, you've broke even.

If you had 10 bucks and put 3.30 on each of the advanced explores, and two went sideways while they firmed up more jorc, and the one re-rated to producer, 10x, you've made 3x + 2/3.

That's my feel on the market.
Good luck.

cheers