Dink: I am sorry that I do not know of other companies that will receive government funding. I would be speculating and do not wish to do that in an online forum. I think the IGCC / UGC debate is unlikely to result in strongly preferring one instead of the other. Most politicians appear to accept that a mix of technolgies will be necessary and I suspect will not wish to close off any particular option but, as you point out, may wish to avoid some companies.
I think that both types of project will receive some government support, as a preference to exploring nuclear power, and that will benefit any serious contenders, such as Mee. I think quite a lot of weight can be placed on the CSIRO expertise. Their subsidary (Carbon Energy Pty Ltd) projects generating electrity with 50 % of the greenhouse emissions of traditional coal plants and 10 % of the emmissions of natural gas plants (see www.carbonenergy.com.au/images/CarbonEnergyA4.pdf). Howard has aleady committed $250,000 in principle to Carbon Energy and I suspect more may be forthcoming depending on test results expected in September 07.
I agree the good volume is important, but think Mee volumes (and prices, albeit there appears to be a clear upward trend) may drift up and down a bit. Its directors are quite conservative about media announcements and are silent when other companies may make announcements. However, even its gold assets justify a substantially higher price (potentially a market cap of $100mil plus), without factoring in uranium and UGC. Ultimately, it is a sleeper with potential for share price increases of many multiples. Even a re-rating to only 100mil is a 3 times increase, and that will still result in a conservative value relative to other pure uranium plays with only licences, little mining expertise but boards with very good marketing skills that make frequent announcements. When the prospectivity of areas the subject of those some of announcements are analysed, in combination with the relevant geopolitical environment, some of the other companies have an air of sham about them.
Mee and CSIRO shrewdly (via Carbon Energy), entered into the Indian MOU with Singareni Collieries Company Limited to cooperate in the investigation for joint development of underground coal gasification in Singareni coal areas within the Godavari Valley coalfields. Singareni Collieries Co is jointly owned by the State and the Indian Governments. If that is successful, then they will be very well placed to secure more international JV's.
Fortunately, Mee has some uranium licences in states that will likely support them, and sufficient mining expertise to exploit them, or to be a realistic JV partner for larger companies. Interestingly,some major US brokers are only now beginning to place gold and uranium stocks on the watch lists.
I think that both types of project will receive some government support, as a preference to exploring nuclear power, and that will benefit any serious contenders, such as Mee. I think quite a lot of weight can be placed on the CSIRO expertise. Their subsidary (Carbon Energy Pty Ltd) projects generating electrity with 50 % of the greenhouse emissions of traditional coal plants and 10 % of the emmissions of natural gas plants (see www.carbonenergy.com.au/images/CarbonEnergyA4.pdf). Howard has aleady committed $250,000 in principle to Carbon Energy and I suspect more may be forthcoming depending on test results expected in September 07.
I agree the good volume is important, but think Mee volumes (and prices, albeit there appears to be a clear upward trend) may drift up and down a bit. Its directors are quite conservative about media announcements and are silent when other companies may make announcements. However, even its gold assets justify a substantially higher price (potentially a market cap of $100mil plus), without factoring in uranium and UGC. Ultimately, it is a sleeper with potential for share price increases of many multiples. Even a re-rating to only 100mil is a 3 times increase, and that will still result in a conservative value relative to other pure uranium plays with only licences, little mining expertise but boards with very good marketing skills that make frequent announcements. When the prospectivity of areas the subject of those some of announcements are analysed, in combination with the relevant geopolitical environment, some of the other companies have an air of sham about them.
Mee and CSIRO shrewdly (via Carbon Energy), entered into the Indian MOU with Singareni Collieries Company Limited to cooperate in the investigation for joint development of underground coal gasification in Singareni coal areas within the Godavari Valley coalfields. Singareni Collieries Co is jointly owned by the State and the Indian Governments. If that is successful, then they will be very well placed to secure more international JV's.
Fortunately, Mee has some uranium licences in states that will likely support them, and sufficient mining expertise to exploit them, or to be a realistic JV partner for larger companies. Interestingly,some major US brokers are only now beginning to place gold and uranium stocks on the watch lists.
