RE: Bad TiningIt's not even clear that the necessarily had to release a PR, but I think it was the responsible thing to do. Uranerz is scheduled to open a mine in Wyoming in the same timeframe, and they didn't issue a PR. I used to own both of them, but I now think that UR is a much better buy. Both due to the price and I have concluded the management here is far more conservative (which is better in my book).
Dunno if everyone saw this today:
https://biz.yahoo.com/ap/080911/wy_uranium_mining.html?.v=1
CHEYENNE, Wyo. (AP) -- With energy companies clamoring to produce more uranium, Wyoming Gov. Dave Freudenthal is urging federal regulators not to delay release of an environmental study on an increasingly popular,and controversial, method of mining the radioactive element.
The Nuclear Regulatory Commission plans meetings in Wyoming later this month to get public comment on a draft environmental study it released this summer on "in situ" uranium mining. The technique involves pumping chemicals into groundwater to free uranium from the surrounding ore so it can be pumped to the surface and refined.
Critics say the technique pollutes groundwater. But supporters say it's a clean process that's less disruptive than traditional mining methods.
The NRC has received applications and letters of intent from mining companies proposing to open 28 uranium mines around the West, nearly all of them using the in situ method. Of those, 18 would be in Wyoming.
Although the NRC originally said it intended to have its final environmental document completed by January, it now says it won't be finished until next June. Freudenthal says he wants the agency to stick to the January completion date.