Correction is Over

The Grandich Letter
"First and foremost, I am now officially jumping back in the bullish camp. A much needed but painful correction is all but over and as previously forecasted, I believe only companies with clearly defined production or real deposits that have more than average chances to become producing mines will rule the day. The risk on uranium prices is $50 to the downside and $150 to the upside. The world is now addicted to electricity for business and pleasure. We live in an “always on” world. From computers to cell phones and air conditioning to streetlights, we need more and more juice. In fact, experts say we’ll need 40% more electricity by 2030. While nuclear alone won’t get us there, it’s winning out over most other avenues. New power plants fueled by coal have been put on hold in the U.S. because conventional coal plants are too dirty to build and the cost of cleaner plants is too high. Geothermal power and wind are useful but won’t even come close to being the main source for electricity."(10/15/07)

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