resilient or what, page-8

Emmi

On the subject of cashflow, dont forget than URA will also raise about $4M via options conversion if Uran can ramain at these levels by May 2009.

With around $3M at present in the bank I think its safe to assume that URA wont be required to do any placements until May 2009. It will all change ocourse if URA secures a project...but that wont matter because the share price will be multiples of the current price by then.