GREY:JNRRF - Post by User
Comment by
megphion Dec 18, 2003 8:17pm
159 Views
Post# 6800756
RE: stench!
RE: stench!uranium is up 50% for the year and demand is still outpacing supply at a fast rate (current price $14.40/lb). Their is no new uranium coming on line any time soon and most non-North American mines are approaching the end of their usefull lives. Most analysts are predicting $20 uranium in 2004. JNR is drilling an area of the Moore Lake property called the Maverick Zone where hole ML-25 intersected 12% garde uranium last year. JNR is probably the best leveraged bet on a continued increase in the price of uranium. JNR is backed by IUC and the powerful Lundin family. Looking real good going into the earrly part of next year when the results of the firsy 3 holes will be released. They are now on the 3rd hole and indications (on IUC board) are that they hit big on the first hole.