Strathmore Minerals Corp STHJF

Why STM went down...

[YoungRich]

It's because of Bernanke's comments on inflation. The same thing happened last year. Discounted shares anyone? Also, it is very probable that STM experienced some downward pressure from the negative piece of News issued to Uranium Resources concerning Section 8 of their Church Rock property. The market just needs some time to realize that STM's Church Rock property does not have the same "issues" as with URRE's Church Rock property. I emailed IR a few months ago, asking them about their New Mexico properties and the Navajo. Here are pieces of what I received back: ----------- " ... Uranium Resources is presently waiting for a decision on 'Indian Country' from the EPA. This decision is forthcoming. Regardless of who wins the decision, expectations are that it will be appealed. It is not clear how the EPA decision will affect both Church Rock properties due in part to the DIFFERENCE IN LAND TENURE. To the best of my knowledge, part of URRE’s Church Rock property is private land where they own both the surface and mineral rights. However, on an adjoining section, the minerals rights are owned by URRE, while a 'Tribal Trust' off the reservation owns the surface rights. To the best of my knowledge, this part of the property has already been deemed to be 'Indian Country'. In contrast, Strathmore’s adjoining Church Rock deposit is located on land owned by the Federal government and administered by the Bureau of Land Management. Strathmore is in compliance with existing Federal mining laws... " " ... With respect to Strathmore’s Roca Honda project in New Mexico, the project is not located near the Navajo reservation, and therefore it is not affected by the 'Indian Country' issue... " ----------------- I'll finally have some free cash late next week and I'm gonna load up if it's still around $4. If Sprott thinks this is a good price then so do I. Further, if our Mr. Pessimistic eagle is suddenly all bullish about STM at around $4 then I'm gonna have to follow him. I want to load up on as many shares at their STARTING prices of the new companies too. Hot dang Yellowcake Mining!