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Cameco Corporation Message Board

  • crazy1090631 crazy1090631 Jan 14, 2007 12:23 PM Flag

    I am not reliable, but my guess is Cigar

    lake will not open up within 5 years. I can't believe some people here think that this was a little tiny leak! It can't be repaired at this time from what I have read. If I am wrong the delay is only a year. This is good news for the price of u308. As long as ccj is not hedged, it won't hurt them too much going forward. However, I think the money is to be made in Larmide, Mega and a few others.

    We shall find out in February if the mine is in dire straits. Of course, I might be crazy but tht's what I think the report will say.

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    • I agree that caution regarding CCJ is in order. We have yet to see a detailed assessment of the damage, and a well-reasoned estimate of how long and how much $$ it will take to remediate. Right after the incident occurred, he financial media wanted answers and estimates, so Cameco management gave it their best shot. But with little actual data, it was necessarily kind of a shot in the dark.

      I have not the slightest doubt that the repairs will be made. There is way too much at stake here, and furthermore, Cameco has the best uranium mining engineers in the world, whose careers are at stake, working on the problem. My reason for caution is that if next month they say it will take five years, then the stock is going to suffer.

      I've still got a healthy commitment to CCJ, which I intend to maintain. I just haven't bet the farm on it.

      Best of success.

    • kenny, sorry but I really doubt that the guys at Cameco want fraud charges and jail time. BTW, let me know when the little flying saucers are buzzzing around your head in the middle of the night.

    • The deposit is so large that extraordinary measures are justified to open it. Cameco has years of experience in operating a very similar mine.

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