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Uranium, a Raging Bull

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the race is now on for a new breed of uranium producers, these companies will want to capitalise on the sky high uranium prices. The operations will be short mine life around 5 years high grade leaching operations, with quick payback and strong cashflow, producers will target between 500-1000 tonnes per year.

Anyone got any thoughts on which maybe the first into production?

For me it is:

PNN in South Australia
CTS in Peru
 
With Futures about to go live tomorrow. What are we expecting this immediate to short term impact on SP?

of:

a. explorers
b. near miners
c. miners

Thanks as I don't have a clue.:D
 
Its hard to say, i don't believe any of the Australian explorers can be producing in the short term (1-2 yrs time). AGS might be the fastest out of the lot, with CUY behind it, given it has already commenced ISL trials.

Looking overseas, imo, UKL should be the fastest to begin producing uranium (2008) If BLR can rapidly prove up a JORC resource by the end of year, they could also be in the running to set up an ISL operation.

WHE, MTN, PNN, EME, CMR (if it gets pass the environmental stage) would follow these ones, with CTS and BKY being the dark horses.

I dont feel any other explorer would beat the ones stated above
 
dj_420 said:
also the fact that JP Morgan took a placement in CUY at $2 recently, obviously sets a floor.
Click to expand...

Oh you reckon??

What about when that insto took a placement at BDG, at, was it 70c ??

Not saying the same thing will happen to CUY (actually im also bullish on this stock) but you just cant generalise like that....
 
sleeper88 said:
Its hard to say, i don't believe any of the Australian explorers can be producing in the short term (1-2 yrs time). AGS might be the fastest out of the lot, with CUY behind it, given it has already commenced ISL trials.

Looking overseas, imo, UKL should be the fastest to begin producing uranium (2008) If BLR can rapidly prove up a JORC resource by the end of year, they could also be in the running to set up an ISL operation.

WHE, MTN, PNN, EME, CMR (if it gets pass the environmental stage) would follow these ones, with CTS and BKY being the dark horses.

I dont feel any other explorer would beat the ones stated above
Click to expand...

Sound analysis..but BMN is notable by its absence from your list. Any reasons?
 
Pommiegranite said:
Sound analysis..but BMN is notable by its absence from your list. Any reasons?
Click to expand...

Sorry Pommiegranite, i overlooked BMN, their recent inferred resource is 100ppm cut off, which is very low imo, however given the current U price, there's no better time to develop these lower grade deposits. They're planning to commence BFS in 2008, they will need to do more confirmation drilling so a rough estimate would be 2010 for production.
 
sleeper88 said:
Sorry Pommiegranite, i overlooked BMN, their recent inferred resource is 100ppm cut off, which is very low imo, however given the current U price, there's no better time to develop these lower grade deposits. They're planning to commence BFS in 2008, they will need to do more confirmation drilling so a rough estimate would be 2010 for production.
Click to expand...

True 2010 seems to be a viable time frame to mining. Here are a couple of snipets from The Australian.

If you listen to the market watchers, no one in Australia has a full grip on the enormity of the asset and is undervaluing Bannerman shares.

Bannerman wants to be in production by 2010 in what would be one of the fastest turnarounds from explorer to uranium producer for an Australian company
 
sleeper88 said:
Sorry Pommiegranite, i overlooked BMN, their recent inferred resource is 100ppm cut off, which is very low imo, however given the current U price, there's no better time to develop these lower grade deposits. They're planning to commence BFS in 2008, they will need to do more confirmation drilling so a rough estimate would be 2010 for production.
Click to expand...

Forsys metals(TSX: FSY) uses an 80ppm cut off......With all due respect even with that cut off, the costs per pound will be less than $25/lb, so still highly profitable..so you can't really discriminate against that cut off which Rossing also now uses...There are higher grades waiting to be drilled and over 38km of potential strike(with 7km of historical drilling)
 
nizar said:
Oh you reckon??

What about when that insto took a placement at BDG, at, was it 70c ??

Not saying the same thing will happen to CUY (actually im also bullish on this stock) but you just cant generalise like that....
Click to expand...

BDG is probably another lesson in itself! i think that company has been a gold explorer with an expensive mine shaft and equipment for quite some time.

ok ill re-phrase

ill say the placement at $2 would set a nice confidence level for investors. lol.
 
Re - NYMEX Uranium futures May 07, 2007

Does anyone know where or what website will provide ongoing updates re the daily uranium futures. For example Kitco provides regular updates re the base metals. Also the start time if any?
 
eMark said:
Re - NYMEX Uranium futures May 07, 2007

Does anyone know where or what website will provide ongoing updates re the daily uranium futures. For example Kitco provides regular updates re the base metals. Also the start time if any?
Click to expand...

This is the NYMEX Uranium Futures website (You have to agree to the disclaimer to access the website) ==> http://www.nymex.com/UX_cso.aspx

This is sure going to be interesting...
 
Now $135 per pound for july delivery.

What sort of impact will this have on the SA explorers like AGS - CUY - PNN - MTN.

It's going to be very interesting to see what price it finishes at tonight.
 
Uranium up over 100% in 6 months.
And nickel is .....?
And silver is ....?
And gold is ....?
And Oil is .....?

Is it a coincidence that BHP - which has the biggest uranium find/mine in the world, is the 3rd greatest producer of nickel, has the largest silver mine (at Cannington), and dabbles in oil and gold as well - is heading firmly north again?
 
what does this mean for our uranium stocks? i dont really understand the fact that the price is seperate from the actual physical metal. i mean on other futures they are traded as people can take delivery of the physical metal. now as we cant take delivery of yellowcake does this mean the spot price will be different from futures contracts or what?

i would appreciate if anyone who has a good understanding of futures markets could explain the effects thanks.
 

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