Ann: Maiden Uranium Resource at Valhalla North Pr, page-11

re: Ann: FSN: Maiden Uranium Resource at Valh... Westy, unfortunately few people dabbling on the ASX are interested in wealth creation for the long term, instead, focussing on immediate profits.

The John Borshoff story is truly amazing, and he will even tell you there's still a few original shareholders around who maintain regular contact with him, explaining that they still have their 2c shares - never to be sold. Not even when they made it to $10 was it seen as a good enough reason to part with them.

As you say :
"PDN is, essentially, Uranez's database reborn - for what $55k odd purchase price (someone correct me if I'm wrong)"

Which is a matter lost on the more current crop of shareholders, mainly because they haven't a clue of what Uranez was about. Yet their legacy was something Borshoff inherited, a very detailed global map of where the metal was, vast in its implications, and by far the most extensive global survey ever conducted. Indeed, all other uranium explorers of the past pale by comparison with what this German giant did. Consequently Borshoff's team was able to cherry pick the best turf on the planet, which was very handy considering their lack of cash at the time.

In the light of the massive wealth it will deliver to shareholders, one should never lose track of the simple fact that Langer Heinrich was bought for $15k, and today, Paladin, the company, is more or less only valued on the worth of that operation, with all other global prospects and assets discounted completely by the broking fraternity until the day they actually produce a revenue stream from them.

A myopic view of wealth creation, if you like. Much the same as it was for Borshoff six years ago when the price was a few penny's.

And as for the latest ASX release. I for one, see no coincidence in these occasional revelations from Paladin, that we have found yet another rich pot of gold lying in the ground, which one day when the time is right we will dig up.