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re: massive 4 dollar increase Subject re: massive 4 dollar u price increase
Stock Code SMM - SUMMIT RESOURCES LIMITED
Posted by stolwyk
Hotcopper Radio SMM on BoardRoom Radio
Post #1233422 - 304 reads
In Reply to msg #1223050

Uranium price now $52.00, was $48 only a week ago! (23 Aug)

Going back to my prediction:

Subject re: increases of insitu values
Stock Code SMM - SUMMIT RESOURCES LIMITED
Posted 11/05/06 09:42
Posted by stolwyk
Post #1054463 - 2453 reads
In Reply to msg #1043143

INCREASES OF INSITU VALUES
Extract only:

One could get a 50 cents/week increase in the U price in the next 12 months or say US$26.

+ + + Assume we have an Insitu 150 mill lbs U in 12 months time, and the U price will be the current US$42+$26=US$68......
++++++++++++++++++++++++++++++++++++++

2 Sept 2006: That prediction was made on 11 May when the U price was $42. It is now $52, an increase of $10 over nearly 4 months.
At this rate it could have risen $30 over the year to 11 May 2007, instead of the $26 wanted.

It seems that sofar, my prediction is conservative.

Now with Sprott and the Nufkor ETF buying up Uranium as well, the heat is coming on!

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