RE: Geothermal LeaseIMO it is a great aquisition - why uranium? Uranium is not everything in the world.....especially not now anymore, maybe again end of 2008.
Read this part of the news:
" ...........These temperatures are consistent with use in electrical generation employing binary turbines such as those widely used in the western United States - particularly in Nevada and California......." ".......geothermal resources that can be developed and utilized in a variety of industrial and recreational applications including space and water heating, commodity drying and electrical generation."
With other words:
Alternative energies are as hip within the next years as uranium will be again. If Candorado, as an explorer, will step into this direction as well, the company increases its chances. I believe some people will not undersatnd what is going on at Candorado as most shareholder with a low number of shares do not understand the real intention and the strategy behind this development. The future will show that this is an intelligent strategy and will make Candorado an elephant in the commodity market!!!! New investors, who like the idea of alternative energy, will get in if Candorado goes on to develop this idea. I will not say the Candorado will build a geothermal power station one day.....but if the results of those special drills are positive, this is a real option to get into the grwoing market alternative energies!
However, for me it was a pleased surprise as I am already in a well progressing solar energy stock.
However, I believe that Candorado will present more intersting and positive surprises..............Just IMHO
