what are the uranium bargain buys atm?, page-32

Hi Sandy,

Thats a great question, and I'm sure not many would be able to say they can at this price.

But for what its worth, I think PEN is one of those that will be able to support a profitable resource even at these prices. Reason being, quite simply, they will be using ISL mining methods(In-Situ Leaching), which are probably one of the cheapest ways of extracting uranium these days. Not only cheap but they can go into production with as little as 5 million pounds in the ground.

Pens overall target at Wyoming is 50-76 million pounds

First target of 15 million pounds.

In saying that though, I cant see the price staying this low for long, so anyone holding shares in good companies with switched on managements with a half decent uranium resource and most importantly favourable uranium mining jurisdictions, will Imo do well in the long run.

Cheers NK