uranium: like gol was 10 years ago, page-171

I am just reading through Patterson's brief research on Uranium and the price is recovering only because the major players are taking supply away from the market. This is a glass half empty view IMO.

This is not a demand push but a voluntary supply contraction based of project economics. The same mechanics played out in the gold, IO and every other major commodity cycles. When the fundamentals starts to support a push for supply to come online, Cameco and the Russians/Kazaks will simply start their care and maintenance operations again while the specs are looking for funds to inspire their dreams.

The previous run a decade ago has taught me important lesson and I can't help but look at BOE latest"
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 Boss Resources Limited (BOE) has released some infill drill results from its Honeymoon uranium project in South Australia.  The results include: 9m at 7,407 ppm U3O8, 5m at 11,248ppm U3O8, 2.5m at 3,568ppm U3O8 and 2.25m at 3,360ppm U3O8 (all around 100-110m in depth).  Reported intercepts all occur on the Honeymoon Mining License.  The infill drill campaign is ahead of schedule, further trend extent drilling to commence thereafter.
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These type of grades are only found at Rossing in Namibia! Maybe there is something in SA. Do they have any approval to mine in Oz or SA? WA went through all that politics with the state Lib -Lab debates.....