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Uranium, a Raging Bull

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kennas said:
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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Yeah, look at the fuss made about Ningaloo being protected from oil prospectors.

AND the almost total rejection of the Gorgon project.

The State Labor party here need Green preferences, but with them, they will continue to have large wins.

Carpenter, like I have said, has refused U mining outright, as it opens the way for a nuclear dump here. As WA has the preferred sites.

The state Labor party is dominated by the left, and continues to be so.

Unless the companies have reserves in NT or SA, they are worthless IMO.
 
chops_a_must said:
Yeah, look at the fuss made about Ningaloo being protected from oil prospectors.

AND the almost total rejection of the Gorgon project.

The State Labor party here need Green preferences, but with them, they will continue to have large wins.

Carpenter, like I have said, has refused U mining outright, as it opens the way for a nuclear dump here. As WA has the preferred sites.

The state Labor party is dominated by the left, and continues to be so.

Unless the companies have reserves in NT or SA, they are worthless IMO.
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I agree. I will go even further. I guess the PDN's way still the best. Go Africa, Go Central Asia, and Go South America. For all listed uranium juniors, after PDN,I guess the next producer will come from Africa, and EQN and OMC are in commanding position. Within Australia, I fancy CMR to be the most likely one for next uranium mine. Anyone else has no chance within 5 years even they are allowed to mine by state tomorrow.
 
"Anyone else has no chance within 5 years even they are allowed to mine by state tomorrow"

Alliance Resources could only be 18 months away from production.
 
spooly74 said:
"Anyone else has no chance within 5 years even they are allowed to mine by state tomorrow"

Alliance Resources could only be 18 months away from production.
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I hope it can. But realistically, it is a very long process in Australia. Correct me if I am wrong. Currently, they are just in the resource defining stage. There are tons of work afterwards, such as scope study, pre-feasibility, permits, Bankable feasibility, project finance, construction, and commissioning... In Africa or a communist country, it could happen. But not here.
 
mmmmmining - what about PNN - they have JORC, BFS, new office in Adelaide with State Govt connections, and potentially major backer in Sino - if that comes of can use the $30m from Sino to progress financing for $160m as defined last year in the BFS (probably more now...)

i think they would also need to do some more drilling but they do appear relatively advanced - china link may be sticking point?

what u think?
 
mmmmining said:
I hope it can. But realistically, it is a very long process in Australia. Correct me if I am wrong. Currently, they are just in the resource defining stage. There are tons of work afterwards, such as scope study, pre-feasibility, permits, Bankable feasibility, project finance, construction, and commissioning... In Africa or a communist country, it could happen. But not here.
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Their advantage is that the Beverley mine is 8 km away. Heathgate, owners of Quasar, the JV partner, will just expand their mill in some way to cope with the new ore. Minimal development, no new roads, logistics in place, talanted workforce ready to expand, and massive funding ready to go. AGS will not be a solo company for long. I reckon Heathgate will buy them out and sell off the gold assets. IMO.
 
Yep, thats correct. The JORC for the Western part of B4 mine is due out in a few weeks.
In my opinion though I think AGS might just have an edge over other U hopefuls.
Their jv partner Heathgate currently have a mining and export licence, plus a processing plant about 8km from B4 mine.... they could walk it over in wheel barrows!!
I cannot comment on how long Bankable feasibility, project finance would take because I have'nt got a clue, but from a construction point of view, I assume they would only need a crushing mill and a pipe to connect the plants? ... Although wheel barrows or camels would be cheap :rolleyes:

Cheers
 
spooly74 said:
Y
I cannot comment on how long Bankable feasibility, project finance would take because I have'nt got a clue, but from a construction point of view, I assume they would only need a crushing mill and a pipe to connect the plants? ... Although wheel barrows or camels would be cheap :rolleyes:
Cheers
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They'll just truck it over, or put a small railway in.

I'll walk it over in a backpack for a small fee. :)
 
kennas said:
Their advantage is that the Beverley mine is 8 km away. Heathgate, owners of Quasar, the JV partner, will just expand their mill in some way to cope with the new ore. Minimal development, no new roads, logistics in place, talanted workforce ready to expand, and massive funding ready to go. AGS will not be a solo company for long. I reckon Heathgate will buy them out and sell off the gold assets. IMO.
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Good point. Maybe one factor will make your argument stronger. Beverly mining is ISR type, injection and pump up. No ore transportation, milling, crushing and sorting etc. But still takes time to figure it out what resources is, to get permits this sort of things.
 
Hi mmmmmmming , I think ISL will only apply to the Eastern deposit. From the AGM recently AGS believe that the high % U grade in the Western Zone warrants open pit mining to ensure that the maximum value can be extracted.
Cheers
 
56gsa said:
mmmmmining - what about PNN - they have JORC, BFS, new office in Adelaide with State Govt connections, and potentially major backer in Sino - if that comes of can use the $30m from Sino to progress financing for $160m as defined last year in the BFS (probably more now...)

i think they would also need to do some more drilling but they do appear relatively advanced - china link may be sticking point?

what u think?
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Correct me if I am wrong. We cannot count previous studies done by other companies. I think that PNN has just done Scope Study, and need more drilling to upgrade resources to justify the capital expenditure at beginning of years' U3O8 price. Sure their case is much stronger now with yellowcake at $63-64/lb if they can lower the cutoff ore grade. The current yardstick is about EV price of US$7 to $10/lb resources. Its share price is surely justified.
 
spooly74 said:
Hi mmmmmmming , I think ISL will only apply to the Eastern deposit. From the AGM recently AGS believe that the high % U grade in the Western Zone warrants open pit mining to ensure that the maximum value can be extracted.
Cheers
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Spooly, Sorry, I only mean the Beverly mine. I have not done any detailed research about AGS as soon as I found it out it can only have 25% of it. But this 25% may be worth a lot more than 100% of average stuff.
 
Cheers mmmining - some of this info on PNN thread

mmmmining said:
We cannot count previous studies done by other companies. I think that PNN has just done Scope Study, and need more drilling to upgrade resources to justify the capital expenditure at beginning of years' U3O8 price. Sure their case is much stronger now with yellowcake at $63-64/lb if they can lower the cutoff ore grade.
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not sure what previous study you refer to? PNN commissioned GRD last year to do BFS - at current u3o8 prices this would suggest a payback period of 2.4 years on capital investment - more drilling is to extend mine life which was assumed 5 years at 585tpa - this is PNNs currently failing - resource is not big (14.8m lbs) but on the flip side they are futher down the development path than others

mmmmining said:
The current yardstick is about EV price of US$7 to $10/lb resources. Its share price is surely justified.
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i calculate PNNs EV is still around AUD 4 - way undervalued imo for u3o8 company that is lining things up - but then thats why i hold! :) Still perplexed why this doesn't generate more interest...
 
56gsa said:
Cheers mmmining - some of this info on PNN thread



not sure what previous study you refer to? PNN commissioned GRD last year to do BFS - at current u3o8 prices this would suggest a payback period of 2.4 years on capital investment - more drilling is to extend mine life which was assumed 5 years at 585tpa - this is PNNs currently failing - resource is not big (14.8m lbs) but on the flip side they are futher down the development path than others



i calculate PNNs EV is still around AUD 4 - way undervalued imo for u3o8 company that is lining things up - but then thats why i hold! :) Still perplexed why this doesn't generate more interest...
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Thank you for the info. Last year is the scope study even with some financial numbers. According to the recent presentation, the BFS to commence in early 2007, and it will spend $5m, and take 18 months (1.5 years).

About the volume or interests on PNN, You must heard about that "Market is always right". if there is no volume, or no interest on certain stock, be it. You can only control your action, but you cannot tell the market what to do. I guess that you are a true believer of PNN, buy some more, or simply enjoy holding it.
 
Do people think Rudd's victory will put upward pressure (on the SP) on companies with potential mines in certain states i.e SMM in QLD?

I noticed in the Fin Review today, Carpenter re-iterated his stance on no uranium mines in WA...again, will this devalue stocks with potential mines in WA?
 
bigt said:
Do people think Rudd's victory will put upward pressure (on the SP) on companies with potential mines in certain states i.e SMM in QLD?

I noticed in the Fin Review today, Carpenter re-iterated his stance on no uranium mines in WA...again, will this devalue stocks with potential mines in WA?
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Carpenter will have to go with Nat policy imo. He's just playing politics by saying no at this time I think.
 
bigt said:
Do people think Rudd's victory will put upward pressure (on the SP) on companies with potential mines in certain states i.e SMM in QLD?

I noticed in the Fin Review today, Carpenter re-iterated his stance on no uranium mines in WA...again, will this devalue stocks with potential mines in WA?
Click to expand...

The WA Government is very keen to export all employment opportunities and the massive cash flows to Africa and other sources of U in the name of "non-proliferation" so that these other countires can become massive exporters of U. The logic of this position totally escapes me.
 

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