At Monday's auction, the price was down another US$1.25 per pound to $37.75.

At some point, I would guess, falling oil prices have to conflict with higher uranium prices, because cheaper oil removes some of the incentive to build new nueclear plants. ...looks like we may be at or near that point.

So, is the up-trend broken? Maybe, but for us the pending deal on NPSP involves a buyer who owns a new and unique (for now) process for improving production from uranium breccia pipes. That sould mean that he and his company may be able to achieve decent profits at current and lower POU.

I'd just like to see this deal on NPSP closed so that LBSR can be not only debt free, but then having at least some level of cash flow to assure coverage of operating costs. That will still leave us an exloration company, but on a whole new level.

VP