re: massive 4 dollar increase Subject re: massive 4 dollar u...

re: massive 4 dollar increase Subject re: massive 4 dollar u price increase
Stock Code SMM - SUMMIT RESOURCES LIMITED
Posted by stolwyk
Hotcopper Radio SMM on BoardRoom Radio
Post #1233422 - 304 reads
In Reply to msg #1223050

Uranium price now $52.00, was $48 only a week ago! (23 Aug)

Going back to my prediction:

Subject re: increases of insitu values
Stock Code SMM - SUMMIT RESOURCES LIMITED
Posted 11/05/06 09:42
Posted by stolwyk
Post #1054463 - 2453 reads
In Reply to msg #1043143

INCREASES OF INSITU VALUES
Extract only:

One could get a 50 cents/week increase in the U price in the next 12 months or say US$26.

+ + + Assume we have an Insitu 150 mill lbs U in 12 months time, and the U price will be the current US$42+$26=US$68......
++++++++++++++++++++++++++++++++++++++

2 Sept 2006: That prediction was made on 11 May when the U price was $42. It is now $52, an increase of $10 over nearly 4 months.
At this rate it could have risen $30 over the year to 11 May 2007, instead of the $26 wanted.

It seems that sofar, my prediction is conservative.

Now with Sprott and the Nufkor ETF buying up Uranium as well, the heat is coming on!

Gerry
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