Athabasca Focus: I am encouraged by the increased activity in the Athabasca region.
The bidding war over Hathor by Cameco and Rio Tinto confirms the
commitment of the majors to the basin. Recently JNR's partner in
crime Denison, announced the sale of US assets by stating DNN
wanted to concentrate on Canadian projects. Fission Energy just
acquired Pitchstone Exploration's 13 Athabasca properties.
The beating JNR has taken since the meltdown in Japan is ugly.
However, there is reason to be positive at this bargain basement
shareprice. It will not take much for the tide to rise on the Ur sector,
and JNR is in prime territory.