Dundee Securities Corp report available on Minesite.comAugust...

Dundee Securities Corp report available on Minesite.com

August 30, 2007

- Estimated uranium supply remains insufficient to meet future reactor requirements
- Underperformance of mines is expected to continue over the medium term. Challenges will likely push several new projects off into the future
- Further discoveries are required to maintain supply. Development projects exhibit a trend towards smaller deposit size and lower grades
- INVESTORS ARE PAYING TOO MUCH ATTENTION TO SPOT PRICES

http://www.minesite.com/fileadmin/content/content/Ambrian_Reports/Uranium083007.pdf

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