Jimako, what happens if the price of gold retreats to $500/oz?...

Jimako, what happens if the price of gold retreats to $500/oz? What if copper goes to $2.00/lb? etc...

I beleive your question to Tibbs can be answered by reading Alphonsus' post below (from Gero) outlining the reasons why the U price is likely to continue it's climb. It all comes down to supply/demand. This is not to say that there is zero chance of the price of U falling, so your question is a fair one. But with the information we have available today, it seems unlikely.

Please read the post I copied from rotten2core on stockhouse at the top of this thread. I think he does an excellent job of hilighting the profitability of Etango at today's prices, along with the profit numbers for $80 and $90 U if prices should continue their upwards tragectory.

With BMN now trading at a huge discount to it's peers with an EV/lb of $.88/lb (industry average =$2.50/lb) and set to bring in net profits in the neighbourhood of $100M/annum starting in 2013, BMN's valuation seems compelling, if not ridiculous.

These are of course only my opinions and I am sorry to you and Tibbs if I hijacked your question to him.

Good Luck to All!