Being a previous shareholder I have had my eye on this one for quite a while. I think the latest announcement is an excellent development too.
However, looking at the long term chart (monthly) the previous high of 24.5c was a lower high to that of 33c in 2008 and hence this looks headed to record lows below 4.8c.
Now before you say you can't apply charting to a small cap stock as this I beg to differ and my record with small caps such as these backs me up.
So don't mean to rain on the parade but that is the way I see. I definitely like the long term future of uranium and this is a stock I'll keep my eye on.
El Capo
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