Australian (ASX) Stock Market Forum

Uranium, a Raging Bull

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kromey said:
Opinions on the best value Uranium stock under $1 for 2007?
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You're probably better to consider market caps instead of price. Maybe start with U players under $100m and then $50m. Then compare these market caps to their actual and potential resources, location, and management team. That will give you a better idea of potential.
 
Opinions on the best value Uranium stock under $1 for 2007?
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Contact CTS has a low EV/Lb Uranium and also is working in Peru where uranium mining is OK. Similar EV to MTN which is currently one of the cheapest stocks around in terms of EV/Lb.
 
Go for SIM. Fully diluted aprox 50m share with current price at 67c

It has lands in WA, SA, and NT

In NT, its lands fill the gap betewen Napperby and Nolans Bore deposit, and another lands surrounding Angela Deposits

In SA, all lands are near the uranium hot spots, such as Mt Gee, Beverley, Honeymoon;

The Gencoe land has intercepted some uranium

In WA, Yanrey uranium projects look very good, with assay like 3.25m @2,830ppm, with considerable area
 
Interesting, tells me U will be the flavour of March and April as we lead into the Labour U conference



Powerful Aussies push for first nuclear plant
Tuesday Feb 27 05:00 AEDT
Three of Australia's richest men have teamed up to build the first nuclear power plant in the country, The Advertiser reports.

Hugh Morgan, former head of Western Mining, is the chairman of Australia Nuclear Energy Pty Ltd, and he also holds a 20 percent stake in the company.

Former SA Economic Development Board chairman Robert de Crespigny, and close friend businessman Ron Walker each have 40 percent stakes in the venture.


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PHOTOS: Nuclear disasters
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The company is examining South Australia and Victoria as potential locations for its first construction, and The Advertiser reports that the trio has raised its plans with the Federal and State governments.




"The company was formed to investigate the feasibility of setting up a nuclear plant in Victoria," an unnamed source told the newspaper.

"Informal discussions have been held with the Federal Government and the South Australian and Victorian state governments."

The powerful businessmen are also reportedly in contact with US-based company General Electric, which is the world's largest supplier of nuclear generation equipment.

The business-backed nuclear push comes as the Federal Government examines the Switkowski Report, which recommended Australia to have 25 nuclear plants by 2050.

Earlier this month South Australian premier Mike Rann said he would not allow construction of nuclear plants to go ahead in SA while he was in power.

"A nuclear power station costing a couple of billion dollars would not be either financially or economically viable given our population size," Rann said.

"SA is already leading the nation in renewable energy such as wind power."

Victorian Premier Steve Bracks vowed late last year to put any proposal for a nuclear plant to a referendum.
 
While on the topic of Summit, did anyone notice that Newland Resource (NRL) which has a JV with Summit over a huge area of their tenements, went up 6c to 40c on the takeover offer news.

MC Newland 65 Million
MC Summit 1 Billion
 
Anyone has any information about the company:

TERRITORY URANIUM COMPANY LTD

I never heard of it, and cannot find the website.
 
mmmmining said:
Uranium is $90 now, baby!

http://www.stockinterview.com/News/03112007/Uranium-Spot-Price-ERA.html
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Those knocking uranium should wake up to the fact that with more nuclear power stations being built around the world, demand is likely to increase significantly as time goes by. It will be interesting to see how the uranium sector reacts should the uranium price crack the $100 mark which is a big psychological mark.
DYOR
 
spooly74 said:
spot price $91 now.
http://www.uxc.com/review/uxc_Prices.aspx

Does anyone know how much u3o8 was purchased during the latest price rise from $75 - $85 and $85 - $90 - $91?
cheers
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According to Tradetech: no spot purchases last week, but citing production losses at ERA’s Ranger in NT – raised spot price to $90US/lb noting that 9 new buyers require 4 million pounds. Short supply and lots of demand.

:boy:
 
i doubt ALP policy makes much difference...the current u companies still wayyyy off mining ,hence mkt is not pushing them up much anymore
 
There is a say about commodities:

"High price is killed by high price"

How high uranium price can be before it comes to ground?

Cannot find the answer from the demand and supply, try to figure it out as a power plant investor with a choice between coal and uranium as fuel.
(there are so many numbers, the calculation is approx)

1lb U3O8 natural will need about US$100 for fuel processing and manufacture;
1lb U3O8 natural ~equal 10t standard coal
1t standard coal=US$50
The critical point is U3O8=US$200 from fuel economic point of view.

ATM, if U3O8 is over US$200, there is no way people will build nuclear plant.

Since nuclear power plant need huge investment, I believe U3O8 price should be less than US$100 to make it an attractive investment.

So if U3O8 price reach that level, it might scare off a lot of nuclear lovers. From the Canadian U.To, the uranium ETF, share price is at 16% premium to the NAV when U3O8 is at US$85. Since 35% of the fund is for UF6 appreciate at less rate, it pointed to U3O8 price at 20% premium of U$85. It has been around their for a couple of month, I guess US$100 might be the short-term peak price.

In the meantime, if we speculate any uranium hopeful, I guess we should not use US$100+ uranium price to justify any possible valuation, particularly for the not near term producers.
 
Halba said:
i doubt ALP policy makes much difference...the current u companies still wayyyy off mining ,hence mkt is not pushing them up much anymore
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Don't forget that alot of U companies have at least trebled in the last 4 months so it's expected that they will have a little breather.

:)
 
mmmmining said:
There is a say about commodities:

"High price is killed by high price"

How high uranium price can be before it comes to ground?

Cannot find the answer from the demand and supply, try to figure it out as a power plant investor with a choice between coal and uranium as fuel.
(there are so many numbers, the calculation is approx)

1lb U3O8 natural will need about US$100 for fuel processing and manufacture;
1lb U3O8 natural ~equal 10t standard coal
1t standard coal=US$50
The critical point is U3O8=US$200 from fuel economic point of view.

ATM, if U3O8 is over US$200, there is no way people will build nuclear plant.

Since nuclear power plant need huge investment, I believe U3O8 price should be less than US$100 to make it an attractive investment.

So if U3O8 price reach that level, it might scare off a lot of nuclear lovers. From the Canadian U.To, the uranium ETF, share price is at 16% premium to the NAV when U3O8 is at US$85. Since 35% of the fund is for UF6 appreciate at less rate, it pointed to U3O8 price at 20% premium of U$85. It has been around their for a couple of month, I guess US$100 might be the short-term peak price.

In the meantime, if we speculate any uranium hopeful, I guess we should not use US$100+ uranium price to justify any possible valuation, particularly for the not near term producers.
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Something that has to be considered is if they stop biulding power plants then what else will replace that as the world has to stop burning fossil fuels. Climate change could be dramatic if we don't. The only option at the moment is Nuclear.
 
champ2003 said:
Something that has to be considered is if they stop biulding power plants then what else will replace that as the world has to stop burning fossil fuels. Climate change could be dramatic if we don't. The only option at the moment is Nuclear.
Click to expand...

How many people might never heard of global warming?
How many people might think global warming is caused by heat generated by burning fuels?
How many republicans in USA don't believe global warming because it is a Al Gore's baby?
Which countries believe global warming, but blame all industralized countries for it, and determine to play catch up game?
Who are those the people that believe global warming, but believe solar, wind, and biomass are the solution, and hate nuclear energy?
 
I think the day the ann by the Labor Party comes out will be a big boost to Aust U stocks. I have been thinking that it might be 'buy the rumour, sell the fact' but I have a feeling that it might go the other way. Why? I have this little twinge in my lower back......Good luck, will be interesting times. :)
 
kennas said:
I think the day the ann by the Labor Party comes out will be a big boost to Aust U stocks. I have been thinking that it might be 'buy the rumour, sell the fact' but I have a feeling that it might go the other way. Why? I have this little twinge in my lower back......Good luck, will be interesting times. :)
Click to expand...


I had a similar feeling except mine was a burning sensation inbetween my toes, may just be atheletes foot though :p:
 

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