I get the feeling that uranium will tank in price as it's already down over $6 on Friday last. Only really cheap on cost finds are going to be worth it now; look at Deep Yellow, down 50% and that's after several excellent anns.
Dome 5 is the only immediate hope now, imho, and zinc, lead and silver readings should be OK around 300 metres down with seams up to 1.5 metres thick on average. Hope they can stretch it a bit as Teck may buy back in again. Could be a good little mining venture with zinc King MD Dr Penney ready to take on the mantle.
GAA Wireline in USA and AUS will do well if they can together break even for 2011. They should punch their weight in Y/E 2012 however.
On sentiment: If Dome 5 goes well on results and the Copper Gold domes are good later on, then a short term recovery is on the cards for the stock price. If UXA drop all the uranium hopes exceept Nabarlek they will do themselves a favour.
UXA Price at posting:
3.0¢ Sentiment: None Disclosure: Held
