Dear Pancon followers,   I'm passing along a brief article from a new newsletter put together by Dave Forest of Calgary, Alberta. We met Dave over two years ago when he was working with Casey Research and he is embarking on some new projects and has stayed in touch with us. Thanks, Dave.   You will see the excerpt really makes the point that the U market is small, very small. It has been my contention for some time that our Australian properties, and particularly the 132 km of the unconformity at Chilling, represent an exploration upside like very few properties in the world.   The "retail" investor has largely forsaken the risk of pure exploration plays the past few months, but the resurgent interest in Uranium, as evidenced by the article below, and, also uranium stock prices recently, may portend Uranium exploration companies' revival, because the reward side of discovery is again becoming more certain as the world (and China) moves to Uranium to meet more and more of its energy needs.   To that end, Crossland CEO Geoff Eupene will be in Vancouver to meet analysts and brokers on Monday, June 1 and will do the same in Toronto on June 2 and the morning of June 3. I have asked Geoff to bring detailed maps of our Chilling and Charley Creek projects and focus on the size and scope of the opportunity these two projects bring to our shareholders.    Best regards, Rick Mark President and CEO, Pancontinental Uranium Corp. The following article is an excerpt from Pierce Points free weekly e-newsletter. If you are interested in subscribing to receive the newsletter, please visit www.piercepoints.com. Big Money, Small Uranium Sector   Everyone wants uranium these days. The Chinese government said last month it is looking to buy ownership of Australian uranium-producing companies. Japanese firms have concluded a number of uranium deals recently. In February, a syndicate led by Tokyo Electric Power Company paid C$270 million for a 20% stake in Canadian uranium producer Uranium One. Other nations see the demand for uranium increasing. And they don't want to "miss the party". This month Korea Electric Power Corp became the latest player to announce intentions of buying uranium production. The company's president Chang Joo Ok told officials at a meeting in Perth, "We are very strongly looking at Australian uranium projects. We are focusing on companies producing uranium because we need to secure stable supplies."      This isn't just talk. Korea Electric already concluded one deal in the uranium sector this past April, agreeing to buy 20% of Canadian uranium producer Denison Mines for C$75 million. Korea is serious about buying uranium. And just like China and Japan, they�re looking for more deals to come.   The problem for uranium is: what do you buy? The uranium mining sector is small. Mining radioactive material takes specialized expertise in dealing with health, safety and environmental issues. A significant barrier to entry for new miners. That's why 90% of the world's uranium production comes from just 10 companies.   This poses a difficult situation. We have a growing number of nuclear power companies looking to buy uranium production. And a very limited number of producing companies to choose from. This leaves would-be uranium buyers with a tough choice. Get into a bidding war with their competitors and risk overpaying.(Especially an issue for Korea, badly hit by the financial crisis, in competing with the deep pockets of China and Japan.) Or sit back and look for reasonably-priced deals, at the risk of having all of the decent assets bought by more aggressive buyers. Neither are particularly attractive options.           www.panconu.com

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