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Uranium, a Raging Bull

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In order to assist global growth, and as JH has rightly pointed out, there needs to be a mix of energy sources to meet the forecasted growth in base load electricity generation.

Without nuclear in the mix there is no way we can meet the projected demand without killing our planet and everything that lives on it.

More investment is also needed to make the burning of coal more envronmentally friendly.

Go the U bulls...

Australia has finally caught up to what the rest of the planet knew was right...
 
Uranium up another $0.50 this week to $63.00.

Interesting issue at the moment is Kevin Rudd challenging Bomber for the leadership. We can all relax that this might mean that Rudd will not push for a change in the no new mines policy. He is a supporter of more uranium exports.
 
kennas said:
Uranium up another $0.50 this week to $63.00.

Interesting issue at the moment is Kevin Rudd challenging Bomber for the leadership. We can all relax that this might mean that Rudd will not push for a change in the no new mines policy. He is a supporter of more uranium exports.
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Kimbo is the least talented labor leader (oops, opposition leader) in Australian history. He has no leadership, no idea, no policy, but full of politics.
 
mmmmining said:
Kimbo is the least talented labor leader (oops, opposition leader) in Australian history. He has no leadership, no idea, no policy, but full of politics.
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Well, they're all full of politics. Labor are doomed really. Changing the leadership at this stage is doomed to failure, and the ballot is going to divide the party even more. They should just divide into 2 parties, their ideals are such. One should be called the ACP - The Australian Communist Party. The other - the ATLP - The Almost The Liberal Party.

The Liberal Party have too much talent on the front bench for Labor to get back atm, and my hot tip for the day is watch out for Dr Nelson. I was at a Defence dinner a few weeks ago and had the pleasure of listening to him speak and he is the real deal. Watch out JH, PC, and TA, this guy is on the move.
 
kennas said:
Well, they're all full of politics. Labor are doomed really. Changing the leadership at this stage is doomed to failure, and the ballot is going to divide the party even more. They should just divide into 2 parties, their ideals are such. One should be called the ACP - The Australian Communist Party. The other - the ATLP - The Almost The Liberal Party.

The Liberal Party have too much talent on the front bench for Labor to get back atm, and my hot tip for the day is watch out for Dr Nelson. I was at a Defence dinner a few weeks ago and had the pleasure of listening to him speak and he is the real deal. Watch out JH, PC, and TA, this guy is on the move.
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I agree with most of what you've said, but I work for Defence and don't think highly of him as he is lacking the ability to run his portfolio. He seems to react to problems only once they go public and is indeed a political opportunist, having once considered running for the ALP.
 
greggy said:
I agree with most of what you've said, but I work for Defence and don't think highly of him as he is lacking the ability to run his portfolio. He seems to react to problems only once they go public and is indeed a political opportunist, having once considered running for the ALP.
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Work for Defence and having run for the ALP? I'm sencing some confusion in you greggy? Are you a Buddhist with a Porche?
 
kennas said:
Work for Defence and having run for the ALP? I'm sencing some confusion in you greggy? Are you a Buddhist with a Porche?
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Thanks for the humour. DR Nelson was once associated with the ALP and for the record, I'm a Christian who voted for Mr Howard last time around, as Mr Latham was not up to scratch.
 
Which party is better suited for lifting the No new mines policy, Labor or Liberal?
Forget greens... They'll tell everyone to ride bicycles as their solution to global warming
 
insider said:
Which party is better suited for lifting the No new mines policy, Labor or Liberal?
Forget greens... They'll tell everyone to ride bicycles as their solution to global warming
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Libs have a policy of new mines.

They have actually stated that they want to overturn the States jurisdiction on mining their own land, and make it a Federal decision. They can make this happen at the moment if they wanted, due to their majority, but they couldn't do it in reality due to the political backlash it would cause. They're in trouble enough with overturning certain State decisions.
 
greggy said:
Thanks for the humour. DR Nelson was once associated with the ALP and for the record, I'm a Christian who voted for Mr Howard last time around, as Mr Latham was not up to scratch.
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Yes, and Costello was once a hot prospect for the ALP. However, the Liberal party bought him a stunning wife, and he went with them.

It's something that comes up every now and then. Tim and Peter were once very similar in humanist policies. :rolleyes:
 
Another very interesting "little" U stock is AURA -AEE. Listed six months ago and has extensive tenements currently all in WA and all are in very prospect areas. The public float is 25 million shares with another 10 million vendor shares and some oppies. They have cash of $4.5 million.

They are currently drilling Wondindong which is at the Southern end of Lake Austin where they hold a 20 square km U prospect that has a surface calcrete type U deposit (across the whole prospect) that was defined by WMC thirty years ago. AEE compares this prospect to Nova's Lake Way (which in surface extent is much smaller but richer grade).

AEE did some drilling (31 holes) in September and they have reported the results. The manner of the reporting is a little hard to understand (they did not explain where each hole went) BUT in essence they reported putting down two drill lines 800 m long 200m apart in the NE corner of the prospect which were all mineralized with at a little over half pound of U per tonne which has from about an inch of surface cover to about 1 meter. The mineralized zone averages just under one meter in thickness. This drilling took in part of the area that was previously considered barren and crossed into a previously known mineralized area.

They put in a third line of holes at the Southern end of the prospect 3,000 m to the South that gave similar results. The target zone runs about 5,000m from N to S. Attempting a very speculative assumption on target tonnage I assumed that half the target zone may be prospect, That is 5,000x 2000m x .8 m x 2.5 tonnes per meter = 20,000,000 metric tonnes of potential U bearing rock (maybe more or may be less?? that is the nature of speculation). What AEE is saying is that even with a grade of a little over half a pound per tonne processing costs here will be a very simple "shovel and dig out" akin to moving sand around. AEE claim process costs in such an environment at between US$14 - 21 per pound of U. The current U price is US$63 pound so the profit margin is extremely rich.

This is the reason that Nova share price quadrupled from50 cents to around $2.50 on the strength of a similar sized deposit nearby.. AEE with a price of 25 cents and a market cap of $9 million (of which $4.5 million is cash) has to be the cheapest U play on the boards and one that is not talking about a few rich grab samples. Please do your own research here.
 
sydneysider said:
Another very interesting "little" U stock is AURA -AEE. Listed six months ago and has extensive tenements currently all in WA and all are in very prospect areas.
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Yeah, and that's why it's worthless.
 
chops_a_must said:
Yeah, and that's why it's worthless.
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Then why is Nova at $140 million and counting upwards. Their primary asset is a U deposit at Lake Way & Centipede both in WA and not far from Aura.
 
sydneysider said:
Another very interesting "little" U stock is AURA -AEE.
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Thanks, will have a look. Not toooo excitied about WA deposits, but I think Carpenter will have to change his tune along with the rest of the country, to unleash the billions of uranium he has laying around in his backyard....

Website looks nice. :)

www.auraenergy.com.au

Results they've announced seem ok. Grades seem economic but not very thick. Under 1m mostly. As a comparison, Summit's Valhalla deposit ranges between 10 -50 m in thickness.

SP seems to have settled a bit this month after that 50% gain at the start. :eek:

What were they before this? A dot com? ;)

Maybe worth a thread Sydneysider?
 
kennas said:
They're in trouble enough with overturning certain State decisions.
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Not really as technically and constitutionally the N.T. is as the name would suggest a Territory and not a State, hence it was A OK and beng N.T. nobody cares ;)
 
YOUNG_TRADER said:
Not really as technically and constitutionally the N.T. is as the name would suggest a Territory and not a State, hence it was A OK and beng N.T. nobody cares ;)
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Was really just referring to QLD and specifically WA in this case YT. The Nat Gov can enter legislation to overturn the States right to approve new uranium mines in these States, if they really wanted. And it's been discussed. I was just commenting that even though they could do this with their majority in the lower and upper houses they are unlikey to at this time because the States would just get too pissed off with them for reducing their control over their perceived responsibility. The States are already up in arms about changes to some education and health policies that the Fed Gov has implimented therefore reducing the States control over these functions. I think if JH and PC had their way, they'd centralise all State Gov functions in Canberra!

Land the Gov currently controls, ie all crown land and the territories, can of course be mined. Companies just have to go through the normal regulatory procedures for the potential mining of uranium.
 
sydneysider said:
Their primary asset is a U deposit at Lake Way & Centipede both in WA and not far from Aura.
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Exactly.

Way way too many factors to come into play before they could get anything going. Carpenter has stated uranium mining will lead to a Nuclear waste dump in WA. The greens look likely to hold balance of power in the upper house, and the Libs are incompetent hacks with criminal records here.

And the federal government forcing uranium mining on a population that doesn't want it = political suicide.

I don't like your chances.
 
chops_a_must said:
Exactly.

Way way too many factors to come into play before they could get anything going. Carpenter has stated uranium mining will lead to a Nuclear waste dump in WA. The greens look likely to hold balance of power in the upper house, and the Libs are incompetent hacks with criminal records here.

And the federal government forcing uranium mining on a population that doesn't want it = political suicide.

I don't like your chances.
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Chops, you're pretty confident that a change in the National Labor Party on a core policy will not force the WA Labor Gov (only in power now, eventually it will change anyway) to follow suite. I think they might express their disagreement, but this is a national issue, not State based, IMO. They will change. I hope. :)

Obviously you know more about WA politics though, so I'll wait to be corrected. All the best.
 

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