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More reason in the debate...New supply-Cigar Lake in Canada,...

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    More reason in the debate...
    New supply
    -Cigar Lake in Canada, starts production in 2007
    -BHP Billiton $4billion expansion at Olympic Dam

    These dwarf PDN projects....

    Between the 2 of these a large part (if not all) of the slack will be taken up...

    Exploration
    HUGE globally, with no fussy state govts to deal with....

    Paused
    Southern Cross Resources (SXR.tsx) has paused Honeymoon project...cash cost was $12.4usd lb...no mention of getting it started yet they have FULL approvals...

    There is money to be made in uranium, but not everyone will and there is some risk involved...hence my (uninformed) decision to go with co's that have other products as well....
 
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