yellowcake... any thoughts ..u stock, page-2

Sak, Don't know a lot about this stock apart from the following. 1. Small market cap. 2. Holds prospective tenements around Paladin's Manyingee deposit in WA and Rio's Kintyre (~45,000 t yellowcake there!) deposit in WA also! So it is speculative but I guess at least they are looking in the right areas but always remembering they are looking in WA where most projects are currently mothballed awaiting a change of legislative heart on yellowcake mining. But certainly still makes sense to keep exploring in WA as by the time any U is cound there could well be a turn around. I am hoping from early July onwards when the Federal Libs assume a mojority in the Senate and as this Chinese-Australia FTA is nutted out! They simply need our uranium and will put a lot of pressure on Canberra to use its power over the States. France is already doing so through Cogema. Would have been nice to have gotten in on the float! Good luck!