Tuesday, October 31, 2006

Junior U's

A couple of months ago, I posted about uranium juniors in general and Strathmore in particular as an example. Well, the setups that I saw then have had follow-through with a vengeance that even I find startling. What was already a strong fundamental situation got taken to a whole new level with the accident at Cigar Lake. Dr. Michael Berry likened it to the Aurelian discovery and that comparison has merit in that there is an immediate fundamental revaluation occuring. It was specific to Aurelian but applies across the sector in the uraniums, granted that the upward revaluations will be more warranted in some situations than others.

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