mmmmm - Has to suggest something.Expect this might gain momentum...

mmmmm - Has to suggest something.

Expect this might gain momentum in the uranium surge anticipated........... and partially experienced today in response to Cigar Lake calamity!

Very little volume makes a call on this a bit tricky for me.
I suspect action - this is in play but surprised not more volume - appears current holders are not yeilding to lowball bids.

Advanced uranium prospects have to be valuable now that Cigar Lake looks like it's drowning for looooooong time confirmed by report today.

Here's the RCR report "Investment Comment", Dec 06 ..........

EME- Energy Metals Limited

The JORC resource announced in July gives EME a sound base for expansion and confirms a potentially economic grade vanadium resource at Bigrlyi. Work is underway to extend mineralisation along strike and at depth and EME aims to complete a revised JORC 1Q07 and initial
scoping study 1Q07.
The project appears to have the conditions necessary potentially to make quickadvancement -
close to surface,
good metallurgical recoveries,
high grades
with upside resource potential,
an experienced management team and
is in a favourable jurisdiction (NT).

There is significant potential for resource expansion in the Ngalia Region and high quality targets are currently being drilled.
Drilling at Anketell is also expected 4Q06.
Strategic partner, Denison Mines, is acquiring International Uranium (TSX.V:IUC) and OmegaCorp (ASX:OMC).

Tightly held based on volumes traded - looks the goods to me.


Do your own research.


cheers,
R