ERN - Erongo Energy

[chris1983]

ahh its the mineral sand licenses

 

[chris1983]

Looks good though. I just read the message. This Klaus Eckhof bloke is a champ

 

[bigdog]

ASX ANN
Paladin PDN 10:24 AM Announces Takeover Offer for Summit Resources Limited at $5.12

http://www.asx.com.au/asx/statistic...?idsID=00697318

 

[bigdog]

ASX ann
ERN 10:27 AM Granting of Mineral Sands Licence in Namibia
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00697327

 

[mmmmining]

Any hope of good uranium news is evaporated. But it is OK

 

[JWBH01]

ahh its the mineral sand licenses

What does this mean for the Uranium side of things?

 

[chris1983]

It doesn't mean anything. Its actually good news..but some investors want uranium news. Probably bought in for uranium news. But hey I'm not worried. They speak of an in-specie distribution.

 

[wondra]

One thing some seem to have missed..... that order for 500,000 @ .72 wasnt pulled, it got filled. Thats $360,000. An order of 200k went through at yesterdays open. Someone is happy to accumulate at these levels.

 

[RIC]

anybody know what those mineral sands are worth

does anybody have any good info on their uranium

prospects ie any idea of posssible u308 tonnage


cheers

 

[Halba]

hi i think u tonnage is in the several tens of millions of tonnes

just their anomaly A:

1000m*800m*3.5(drill hole density)*35m(average thickness) = 100mT

Say average grade is low like Uramin - 0.015%

100mT @ 0.015 = 33million pounds

of course this is in 1 anomaly, they say 21 anomalies on their tenements, and hopefully >20% are u bearing, with potential calcrete or granite high grade zones?

 

[chris1983]

hi i think u tonnage is in the several tens of millions of tonnes

just their anomaly A:

1000m*800m*3.5(drill hole density)*35m(average thickness) = 100mT

Say average grade is low like Uramin - 0.015%

100mT @ 0.015 = 33million pounds

of course this is in 1 anomaly, they say 21 anomalies on their tenements, and hopefully >20% are u bearing, with potential calcrete or granite high grade zones?

Nice analysis there. ERN will be fine..and I agree that there should be some updates on the fieldwork soon. Not sure on what the mineral sands are worth..but mineral sands is also taking off. Look at IMA.

 

[Halba]

we get some free in speccie shares LOL. i guess aiight.

 

[chris1983]

From the message..It sounds like it could be a very "significant" deposit. They like that word significant..thats a pretty big statement. I like the look of Erongo. Oil/Uranium/Mineral Sands. Bring it on. Now give me some good uranium samples to push us past $1.

 

[sydney1963]

From the message..It sounds like it could be a very "significant" deposit. They like that word significant..thats a pretty big statement. I like the look of Erongo. Oil/Uranium/Mineral Sands. Bring it on. Now give me some good uranium samples to push us past $1.

What is the effect on BMN@ERN if labour conference refused uranium mining in AUS. [April this year].

 

[Halba]

not going to happen sydney

its pretty much a done deal

too many billions of dollars at stake & foreign relations with the Rofworld

As of this week the probability of this going ahead in all states is about nearly 95%

 

[mmmmining]

not going to happen .... foreign relations with the Rofworld

Agreed. Johny Howard consider Australian is the 51 state of the United States of A.....
Ruddy speak Chinese....

Unless someone draw a line over the Olympic Dams, divided into two, give one half to the Americans, and the other half to the Chinese....

 

[nizar]

not going to happen sydney

its pretty much a done deal

too many billions of dollars at stake & foreign relations with the Rofworld

As of this week the probability of this going ahead in all states is about nearly 95%

Agreed.
Its a done deal.

I was 95% certain laws would change after Borshoff bought VUL. Now with SMM purchase im 100% certain.

Too bad we cant really profit from it now that SMM is gone.

Whats the next best exposure?

MTN?? DYL??

 

[sydney1963]

Agreed. Johny Howard consider Australian is the 51 state of the United States of A.....
Ruddy speak Chinese....

Unless someone draw a line over the Olympic Dams, divided into two, give one half to the Americans, and the other half to the Chinese....

Chinese could get will with bmn & ern to secure uranium.

 

[mmmmining]

Chinese could get will with bmn & ern to secure uranium.

Not a chance. They prefer to get a piece of land somewhere in Namibia, and mobilize 1bn Chinese to dig it up...

 

[Halba]

me dun think smm is gone yet

yes mmming they have asked for a few licenses


as i type it looks like my top up bad timing - uk market has crashed 100 points