Well as we managed to acquire a little precious metal for our efforts in last year’s competition we thought that we would give it another shot and try and boost our investment fund.

The number of entries is about double that of last year so the chances of making a profit are slim. Still our strategy remains pretty much the same with just a few minor tweaks.

We believe that uranium will outperform silver and that silver will outperform gold. So with that in mind we are sticking with two quality uranium stocks, which are Laramide and Fronteer. As a wild card we have also included Santoy Resources, which we expect to have a decent run and Eagle Plains whose management could produce a surprise thus accelerating their stock price. News of them taking control of a drilling company today has pushed up the price by 10% today alone. So, there you have it.

The competition began on 15th January 2007 and we are off to a reasonable start with our selection gaining 17% in 10 days placing us in 11th spot out of 527 contestants.

We will do a small update from time to time just for the fun of it.

Sleep tight