Uranium, a Raging Bull
- Thread starter Yippyio
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UXA is trading at around 14c or 30% down from listing the last I looked.
I'd rather put my money into CMR which is cheap, has good fundamentals and potential for U mining also.
I'd rather put my money into CMR which is cheap, has good fundamentals and potential for U mining also.
Chief Wigam said:UXA is trading at around 14c or 30% down from listing the last I looked.
I'd rather put my money into CMR which is cheap, has good fundamentals and potential for U mining also.
Yes I think it listed on quite a RED day. Thought that it may have pulled back up.
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Johnno, Have a look at the CMR Uranium drilling results announced today.
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So far none in my watch list have done any good with the exception of SMM, who is up approx. 10% in the last two weeks. Currently it does not appear that the Uranium price is translating into company valuations.
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michael_selway
Coal & Phosphate, thats it!
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laurie said:
How much is it now?
thx
MS
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MEP seems a real 'GO' .Look at the recent ASX Announcement for this stock in Uranium cleverly placing themselves in the loop.
Yes BHP BHP cant lose .political will seems ratified in its favour. I jumped out and jumped back in last week on China/India growth potential. Enjoy the ride fellow BHP boyz!
If all the countries went for 'clean' nuclear fuel we would run out in 50 years.
CRISIS in 10 Years, as more costly uranium dug out and oil dependency really kicks the teeth in. Great for Superannuation I reckon.
Talkin about Superannuation BEMAX! new mine will go for 25 years!
Yes BHP BHP cant lose .political will seems ratified in its favour. I jumped out and jumped back in last week on China/India growth potential. Enjoy the ride fellow BHP boyz!
If all the countries went for 'clean' nuclear fuel we would run out in 50 years.
CRISIS in 10 Years, as more costly uranium dug out and oil dependency really kicks the teeth in. Great for Superannuation I reckon.
Talkin about Superannuation BEMAX! new mine will go for 25 years!
michael_selway
Coal & Phosphate, thats it!
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laurie said:
Thx Laurie
Btw do u have a historic price chart for uranium? longer the better? eg 80s till now?
thx
MS
btw EXT anyone knwo why up so much?
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All Aboard and quick,
If you have a look at the following Uranium Explorers you will notice some sharp price appreciations lately, EME NEL BKY MOX UXA UNX GBE
Now take a look at MTN, I think it hasn't been properly sighted by the market,
Its mkt cap is less than half of NEL it it boasts a deposit in S.A which is better than W.A. its deposit (using a higher cut off grade of 500ppm) is 4x the size.
Look at this EV per lb UR08 of Companies, the avg is $2.65 MTN's is $0.26 per lb
http://www.allianceresources.com.au/documents/060216 - Patersons - Uranium Update Feb 2006.pdf
What does it all mean?
HMR was bought by Mega Uranium for $20m and its a pure exploration play, at current prices MTN can be T/O where the bidder is paying 26c per lb of U308, they could even pay up to $1 per lb and it would still be cheap, IMO once MTN releases its fully JORC Compliant Resource its mkt cap has to be around 2-3x more than what it is currently or it is a very very attractive take over target
Its deposit (using 500ppm cutoff) of 30Mt @ 0.07% = 21,000 t U3O8 which would make it the 12-15th Largest Uranium Deposit in the World, I bet that would make companies take notice
If you have a look at the following Uranium Explorers you will notice some sharp price appreciations lately, EME NEL BKY MOX UXA UNX GBE
Now take a look at MTN, I think it hasn't been properly sighted by the market,
Its mkt cap is less than half of NEL it it boasts a deposit in S.A which is better than W.A. its deposit (using a higher cut off grade of 500ppm) is 4x the size.
Look at this EV per lb UR08 of Companies, the avg is $2.65 MTN's is $0.26 per lb
http://www.allianceresources.com.au/documents/060216 - Patersons - Uranium Update Feb 2006.pdf
What does it all mean?
HMR was bought by Mega Uranium for $20m and its a pure exploration play, at current prices MTN can be T/O where the bidder is paying 26c per lb of U308, they could even pay up to $1 per lb and it would still be cheap, IMO once MTN releases its fully JORC Compliant Resource its mkt cap has to be around 2-3x more than what it is currently or it is a very very attractive take over target
Its deposit (using 500ppm cutoff) of 30Mt @ 0.07% = 21,000 t U3O8 which would make it the 12-15th Largest Uranium Deposit in the World, I bet that would make companies take notice
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Interesting thought,
I think Aus will cave in and follow big brother US to allow India access to our U3O8,
Also looks like the Uranium Bull is getting ready for a really big charge soon, anyone see GBE today? went absolutely nuts, I think the big trigger will Be U3O8 spot prices hitting $40us/lb IMO that will be the equivalent of when Oil hit $75 and Gold hit $575, ie same effect on stocks, watch and see
As a number of commentators have already pointed out, all of this leaves Australia in a difficult position. Since it started large-scale uranium exports in the 1970s, successive Coalition and Labor governments have argued that India does not qualify for receipt of Australian uranium due to its non-membership of the NPT.
The argument has been that uranium sales to a non-NPT state would undermine Australia's strong support for the treaty. Somewhat pointedly – though entirely predictably – Indian observers have wasted no time in contrasting Australia's willingness to export uranium to "Communist" China (an NPT member) with its refusal to enter into a nuclear trading relationship with fellow Commonwealth state India.
In the context of an increasingly competitive world nuclear market, the US policy shift places pressure on Canberra to review this long-standing policy.
Already, Prime Minister John Howard has signalled he is open to rethinking Australia's position despite Foreign Minister Alexander Downer's apparent preference for the policy status quo.
Yet any decision to approve sales of uranium to a country that refuses to support the NPT would be at odds with Australia's strong support for the treaty. Any decision to review existing policy will need to be taken carefully with this in mind.
I think Aus will cave in and follow big brother US to allow India access to our U3O8,
Also looks like the Uranium Bull is getting ready for a really big charge soon, anyone see GBE today? went absolutely nuts, I think the big trigger will Be U3O8 spot prices hitting $40us/lb IMO that will be the equivalent of when Oil hit $75 and Gold hit $575, ie same effect on stocks, watch and see
As a number of commentators have already pointed out, all of this leaves Australia in a difficult position. Since it started large-scale uranium exports in the 1970s, successive Coalition and Labor governments have argued that India does not qualify for receipt of Australian uranium due to its non-membership of the NPT.
The argument has been that uranium sales to a non-NPT state would undermine Australia's strong support for the treaty. Somewhat pointedly – though entirely predictably – Indian observers have wasted no time in contrasting Australia's willingness to export uranium to "Communist" China (an NPT member) with its refusal to enter into a nuclear trading relationship with fellow Commonwealth state India.
In the context of an increasingly competitive world nuclear market, the US policy shift places pressure on Canberra to review this long-standing policy.
Already, Prime Minister John Howard has signalled he is open to rethinking Australia's position despite Foreign Minister Alexander Downer's apparent preference for the policy status quo.
Yet any decision to approve sales of uranium to a country that refuses to support the NPT would be at odds with Australia's strong support for the treaty. Any decision to review existing policy will need to be taken carefully with this in mind.
