spot u drops by usd10 to usd85, page-11

Yurxter

Fair comment there is no arguement that the uranium price probably did get ahead of itself in the hype

BUT

6 years ago you would have not had a snow balls hope in hell of pulling off an IPO on some highly speculative moose pasture gold ground. The gold price improved and suddenly there were junior gold exploration companies appearing all over the place, some very speculative and dubious ground.

The vast majority have not and will never become a gold producers and have had no effect what so ever on the gold price.

The same thing is now happening with uranium, some companies may become major producers, some may become producers that would not have when the U price was at $10 a pound, the vast majority of this large number of U companies that are appearing will never become producers or have any effect on the U price