uranium spot price increase, page-2

Can't believe how much EME has fallen.

I actually got this in the float (as a former JRL shareholder), and sold day one (listing day) for a 400% profit...then banged my head against a wall for the next year or so as I watched the SP continue to skyrocket upwards.

And now the SP has fallen all the way back.

Admittedly the uranium price has been smacked, however this imo is the only Aussie uranium jnr that actually has a chance of going into production (and a very good chance). Their deposit is high grade at 0.15% and higher (not this 0.005% rubbish that other uranium wannabes companies have...and call it a resource).

So today I have bought a few JRL (not many since noone is selling) which has at 47M JRL shares (current market value around 40% higher than JRL's market cap).

I think EME has a bright future and JRL will follow in its footsteps. Meanwhile, JRL has some downside protection (should EME fall more) given the discrepancy in value as well as its own projects.

Cdchi1