Problem is, URRE doesn't have enough cash to last a year (or longer); they run dry at the end of Oct. 2009 --- see latest filed reports, under quarterly cash flows. On Sept. 30, 2008, they had $13M and were burning cash at the rate of $1M a month (down slightly from $1.35M per month in previous quarters due to cost reduction efforts that are now complete).
It will be a race to the finish line between cash and recovery of the economy. The spot price of URRE will have almost no effect in this terrible economic and market environment. Fear and panic have taken over. Most economists believe that recovery will take at least 9-12 months in the U.S. and longer worldwide.
-For one, the stock market anticipates the end of a recession 9 months before it actually does. -On the other hand, the energy sector is the first to recover after recessions. -URRE can determine after winter if they can extract uranium at good prices from New Mexico(say if they can achieve $20 productions costs like in 2007) then production can ramp as early as first quarter 2009 -URRE's management can always have the option to fire all personnel a quarter or two before running out of cash, and survive the storm
Again, risky play and potential high returns...your choice....I will keep URRE's shares in my portfolio