Fronteer Development Group (FRG) is up $0.45 today to end the week at US$11.53, magic!

FRG has put in another terrific performance today once again reflecting the markets confidence in this hot uranium stock. As it forms a good part of our investment portfolio we are extra pleased with the team at Fronteer.

This comes on a day when gold jumped higher to $666.70, for a gain of $9.0. However the HUI could not stay the pace and backed off to finish only just where it started.

Rumours abound of uranium trading at US$80.0 but we have no concrete proof of this so we will wait until we see some positive news on uranium’s progress.

Have a great weekend.

Fronteer (for all the new comers to this site trades on both the TSX and the AMEX as FRG)

09 February 2007