Paladin’s uranium play is purely speculative

The Australian reports on Paladin’s (TSX:PDN,ASX:PDN) purchase of  Michelin deposit in Labrador, Canada.

The story is quoted as saying:

Paladin is paying a mere $US1.90/lb for the 130 million pound resource, compared with recent precedents of $US6-11/lb. Russia’s Rosatom is offering $1.6 billion or $US10/lb for Mantra Resources, which owns the Mkuju River project in Tanzania.

Click here to access the entire story.