RE:RE:RE:What is upside if U spot price stays low? Yes. I have been looking at the Australian market for a while now. To my way of thinking the ones that will do very well are those that are close to getting a mine in operation but waiting for the price of Uranium to rise to make the numbers works. Deep Yellow (ASK:DYL) is one I have singled out. I don't own it yet. One of the reasons I like it is the CEO is John Borschoff who was at the helm when Paladin made its remarkable run from a few cents to nearly $10. He has the benefit of many years in the business and if there is any man that knows U mining it is Borschoff. I also like PDN which I do own. The Langer-Heinrich mine is now in care and maintenance along with Kayalekera in Malwai. These mines could be brought back on line fairly quickly. PDN still has a few troubles but after giving their shareholders a pretty severe haircut I think they may be one to watch.
Also like MegaUranium (MGA) because it owns a chunk of shares in NXE and Toro.
Appia energy is an interesting one also (on the TSX-V). It has found a rare earth deposit in Alces Lake Saskatchewan and James Sykes (who discovered Arrow btw) is their cheif geologist. They also own Elliot Lake in Ontario which still has mineable pounds. I do own Appia.
All are priced cheaply right now. Could make 10 bagger status.
Happy Investing.
Malcolm