Strathmore Minerals Corp STHJF

RE: Beaver Rim

[Ulvetana]

As usual I get a big chuckle out of your posts Jim.  You need to do a little more research before posting this drivel.  Although Cameco owns land below the Beaver Rim, it is not permitted and they have not produced anything from it.  In addition, STM has no resource number for the Beaver Rim based on exploration data in hand, nor is it amenable to ISR methods due to total depth of the deposit from surface.  Considering that Cameco dropped the Beaver Rim property that STM now owns, I doubt there will be a JV with Cameco.  Your ISR production costs are too low, your recovery too high, and resource unverifiable.  Remember, Cameco isn't making money on their US ISR operations, and they supposedly know what they are doing.  ISR for Cameco in the US is solely for show and fullfillment of contracts with US produced uranium.  STM needs to stick with the Gas Hills and get it rolling, then work the Beaver Rim via underground once they define the resource.