Michael Smedley
Bayswater Uranium
BYU.H-X
COMMENT
Feb 22, 2007
He would call it #3 in line in the Labrador play following #1 Aurora Energy (AXU-T) and #2 Crosshair (CXX-X). The area is prolific and alive and very exciting. We'll probably bounce on news from the others.
This is working on so many projects and they have so much property and land that they will not have the manpower and drills to be able to drill it all out. Prefers others.
Have some interesting properties throughout North America and Niger. Junior uranium stocks are under a great deal of pressure right now and it is probably the wrong time to sell. Pretty aggressive drill program that he will be watching for the first half of 2008.
This is interesting, but if you are going to be in the exploration phase of the uranium business, he would prefer to own Fission (FCU-X) and Next Gen, which have good “in place” drill holes.
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