An interesting quote from Paul Van Eeden who said that uranium was over valued by a factor of three and uranium stocks were over valued by a factor of thirty.

Paul was being interviewed on BNN, formally ROBtv a Canadian business television programme, on Wednesday 13th June 2007, just click here if you want to catch the whole interview.

As you know we are rather bullish here at uranium-stocks so Paul helps to balance the debate by being brave enough to state his views on national TV.

Please drop us a line and tell us what you think.

The second quote of this week can be found in the British newspaper ‘The Independent’ published on Thursday 14th June 2007, which lead with an article entitled: “A World Without Oil” and in the body of the article on the second page it says this:

“BP’s Statistical Review is the most widely used estimate of world oil reserves but as Dr Campbell points out it is only a summary of highly political estimates supplied by governments and oil companies.”

As Dr Campbell explains: “When I was the boss of an oil company I would never tell the truth. Its not part of the game.”

Dr Campbell is a former chief geologist and vice president at a number of oil companies including BP, Shell, Fina, Exxon and ChevronTexaco.

If we take the above as being wide spread then all of our analysis that is based on their data is suspect at best and absolutely useless at worst. So when you are pouring through this sort of data please bear in mind that it is what we don’t know that will affect the future and you will have to use your imagination and build those thoughts into your investment decisions.

If you have spotted a few good ones please feel free to send them in - Thanks.