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Message: More Flooding at Cigar Lake

More Flooding at Cigar Lake

posted on Aug 14, 2008 08:45AM

The financial results came just over a day after the Saskatoon company revealed that flooding has recurred at its troubled Cigar Lake mine, which has been billed as the largest untapped deposit of the fissile metal on the planet. Cigar Lake was originally scheduled to start producing as early as last year, but massive and costly flooding in 2006 has already pushed the start date back to at least 2011, and the latest crisis has raised questions about its viability.

http://www.globeinvestor.com/servlet...

This may spell postive for Strateco.

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