Strathmore Minerals Corp STHJF

market seems spooked,

[kevinator]

or is it the wet cigar that has investors heading for the door?? This will recover on monday. Most junior resource investors are aware that uranium spot prices last week climbed another US $10 to $85 per pound. Although this sets a new historical high for yellowcake (U308), many analysts nevertheless predict that this price will continue trending up toward $100/lb in 2007. The justification is simple and sensible: Worldwide there are 435 reactors in operation, which generate close to 400,000 Megawatts of power. There are 28 reactors under construction, 64 at the planning stage and more than 158 proposed. Nuclear energy presently provides 16% of the world's electricity - a number expected to grow in marked leaps as oil stocks peak and begin to dwindle, global warming runs amok and coal burning power plants add insult to the injury. Ergo, demand is growing, supply is lagging.