We understand that the price if uranium has taken a major leap upwards with a $10.00 increase to $85.00, a rise of 13.3%.

Well it looks like our little role-play in Imagination Lane underestimated the competition as we took a punt at $82.50 per pound for uranium in yesterdays sealed bids auction.

So things seem to be warming up a little which comes as no surprise to any of us as we are investing in various uranium stocks in anticipation of such price increases. You can now watch for the powers that be that lurk in the corridors of large institutions to predict uranium going all the way up to $100.00 per pound. They may indeed be correct but we are not changing our projection for uranium, it stays at $200.00 per pound as we have said for some time.

Enjoy today and try to relax!

22 February 2007