Uranium One Inc SXRZF

Info from IUC annual report is as follows:

[Dave4444]

IUC plans to produce 500,000 pounds of uranium in 2006 from the White Mesa Mill which has just started up. The uranium is to be produced from alternate feed stockpiled at the mill. No mining activity appears to be occuring and the alternate feed will not last much past 2006 (or so it appears). Mining at the Henry Mountains Complex is postponed indefinitely due to high costs. This is a bad sign, as if it cannot make money at $30 a pound uranium, that is not good. Canadian exploration is doing well, however, no mining is going to occur any time soon as exploration is ongoing. Mongolia exploration is in the early stages. Conclusion, IUC, while being reasonable well financed, is purely an exploration company at this time and the U.S. mines are not currently economic, so not a lot of profit potential there. UUU on the other hand is a producing company, has already defined resources and is expanding production and mining activities at current uranium prices, so is likely to be very profitable if prices increase. While I like IUC's Canadian properties, IMHO UUU is the better place to put your money.