the pain continues, page-7

Patience is required here. Market sentiment has fallen off a little but u3o8 is still at $120/pound. The sp is undervalued due to its low capitalisation. This is perhaps the main fundamental reason for holding on. In time it should produce a JORC between 14-22 million pounds or better. There are already some hints that it will become a producer. It is in the right country to be a potential takeover target for the likes of Areva, Denistone, Cameco. Countries like France, China are looking to ensure future supplies.

Good luck to all holders. DYOR.