michael_selway
Coal & Phosphate, thats it!
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YOUNG_TRADER said:
Hi do u like these? UNX, KAL, AEX?
thx
MS
Uranium, a Raging Bull
- Thread starter Yippyio
- Start date
Hi do u like these? UNX, KAL, AEX?
thx
MS
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Re Worlds biggest Uranium Deposits, if you have JORC ann's which show another deposit that belongs in here please add to post, also some of these deposits have probably been increased (my data is 3 months old) so please feel free to post up,
1. BHP's Olympic Dam South Aust 1,410,000 U308
2. Cameco's McArthur River in Canada 246,015 U3O8
3. ERA/RIO's Jabiluka N.T. Aust 163,013 U308
4. Aflease's Dominion Reef in South Africa 161,200 U3O8
5. Cameco's Cigar Lake in Canada 158,584 U3O8
6. ERA/RIO's Ranger N.T. Aust 72,051 U3O8
7. BHP's Yeelirrie W.A. Aust 52,500 U3O8
8. Rio's Rossing in Nambia 45,500 U3O8
PDN's Langer Hienrich Namibia 45,000 U3O8
9. Rio's Kintyre W.A. Aust 34,925
10. MTN's Mt Gee S.A Aust 33,000 t U3O8
1. BHP's Olympic Dam South Aust 1,410,000 U308
2. Cameco's McArthur River in Canada 246,015 U3O8
3. ERA/RIO's Jabiluka N.T. Aust 163,013 U308
4. Aflease's Dominion Reef in South Africa 161,200 U3O8
5. Cameco's Cigar Lake in Canada 158,584 U3O8
6. ERA/RIO's Ranger N.T. Aust 72,051 U3O8
7. BHP's Yeelirrie W.A. Aust 52,500 U3O8
8. Rio's Rossing in Nambia 45,500 U3O8
PDN's Langer Hienrich Namibia 45,000 U3O8
9. Rio's Kintyre W.A. Aust 34,925
10. MTN's Mt Gee S.A Aust 33,000 t U3O8
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Of the U hopefuls who do you think will be next into production?
EQN in Zambia closest but are focusing on the copper resource
With BKY I noticed they only have $2m net assets and can't find any releases of reserves/resources since they bought Spanish leases last year... this would seem to be a fair way off ?
PNN have done review of operational feasibility at their deposit (approx 6kt) in SA which concluded they needed more resource and 15mths for approvals (incl SA Govt) - they also need a funder
Advantage AGS have is they have agreement with Heathgate affiliate and the large deposit (33kt) is very near (less than 5km) Heathgate's existing Beverley mine - they will be drilling 06-07 but if all goes well and SA govt approves could be operation 08?
AEX , MTN need financier - MTN is potential takeover - AEX deposit also have 2.5Moz gold which would help their cause
QLD (SMM, VUL) & WA (RPT,NEL) deposits less likely given politics?
DYL, ARU, EME in NT seem too small to be viable (less than 6kt).
any others??
________________
PS I hold AGS & MTN, wathcing PNN & AEX
Go you HAWKS!
EQN in Zambia closest but are focusing on the copper resource
With BKY I noticed they only have $2m net assets and can't find any releases of reserves/resources since they bought Spanish leases last year... this would seem to be a fair way off ?
PNN have done review of operational feasibility at their deposit (approx 6kt) in SA which concluded they needed more resource and 15mths for approvals (incl SA Govt) - they also need a funder
Advantage AGS have is they have agreement with Heathgate affiliate and the large deposit (33kt) is very near (less than 5km) Heathgate's existing Beverley mine - they will be drilling 06-07 but if all goes well and SA govt approves could be operation 08?
AEX , MTN need financier - MTN is potential takeover - AEX deposit also have 2.5Moz gold which would help their cause
QLD (SMM, VUL) & WA (RPT,NEL) deposits less likely given politics?
DYL, ARU, EME in NT seem too small to be viable (less than 6kt).
any others??
________________
PS I hold AGS & MTN, wathcing PNN & AEX
Go you HAWKS!
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Re BKY look harder, see ASX release 26/08/05
Also is based on broker research on uranium stocks @ resource capital research, I can't upload file is too large, go to there web page and have a look http://rcresearch.com.au/documents/ under BKY dec 2005
In any event someone bought 1m shares @ $1.15 pre-market, more hoarding going on? Was a $1,150,000 transaction,
Remember my call the next one into production or takeover which ever happens first
Also is based on broker research on uranium stocks @ resource capital research, I can't upload file is too large, go to there web page and have a look http://rcresearch.com.au/documents/ under BKY dec 2005
In any event someone bought 1m shares @ $1.15 pre-market, more hoarding going on? Was a $1,150,000 transaction,
Remember my call the next one into production or takeover which ever happens first
michael_selway
Coal & Phosphate, thats it!
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YOUNG_TRADER said:
Hi in teh event of a takeover/production
how much do u think BKY can go in the ST?
thx
MS
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Who knows Michael?
But I would be happy with $1.80 - $2
But I would be happy with $1.80 - $2
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BTV announced 4 April 06 it was divesting its uranium tenements in NT at a date to be decided, with BTV shareholders getting priority. I have no idea of quality of or drilling on these tenements.
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Looks like the market thinks I'm right with BKY, its moved up to $1.35 on strength,
The next PDN is on its way!
The next PDN is on its way!
michael_selway
Coal & Phosphate, thats it!
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YOUNG_TRADER said:
hehe who else has potential to be the next PDN?
thx
MS
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In my opinion any Uranium Company operating outside of Australia has the potential,
ie BKY, AEX, EXT, OMC, UNX (there are others)
But what sets BKY apart is its deposits, totaling nearly 30,000t, they are of good grade (0.06% - 0.09%)
They have financial backing form London and Swiss Institutions
And they have the strong technical assistance from JV partner (For now partner, owner someday soon
) Areva!
ie BKY, AEX, EXT, OMC, UNX (there are others)
But what sets BKY apart is its deposits, totaling nearly 30,000t, they are of good grade (0.06% - 0.09%)
They have financial backing form London and Swiss Institutions
And they have the strong technical assistance from JV partner (For now partner, owner someday soon
) Areva!
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I should add I still think MTN is the most undervalued per lb Uranium Play on ASX, but I doubt it will get into production before the other companies operating outside of Australia,
Watch KAL in the next week...
They are Divesting a big uranium play, they are in advanced negotiations with a company that has made an offer. The directors expect the deal to be complete this week. With an announcement to follow...
Not to mention they also do the following,
> Gold
> Base Metals
> Oil
> Gas
At 23c - Huge value.
http://www.kalgoorlieboulderres.com.au/
They are Divesting a big uranium play, they are in advanced negotiations with a company that has made an offer. The directors expect the deal to be complete this week. With an announcement to follow...
Not to mention they also do the following,
> Gold
> Base Metals
> Oil
> Gas
At 23c - Huge value.
http://www.kalgoorlieboulderres.com.au/
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Hi all,
Do you think bulls are leaving uranium stocks or they just taking breather ?
This can be seen with most uranium stocks are going south this past week..
MTN,TOE,BKY,GBE,UNX,etc
Any idea when the bulls will visit again ?
Do you think bulls are leaving uranium stocks or they just taking breather ?
This can be seen with most uranium stocks are going south this past week..
MTN,TOE,BKY,GBE,UNX,etc
Any idea when the bulls will visit again ?
powerkoala said:Hi all,
Do you think bulls are leaving uranium stocks or they just taking breather ?
This can be seen with most uranium stocks are going south this past week..
MTN,TOE,BKY,GBE,UNX,etc
Any idea when the bulls will visit again ?
no idea
but i do know this: if u hold anything for long enough, it returns to its intrinsic value
do any of those companies mentioned actually have a uranium resource?
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UK brokerage still sees life in uranium explorers
By: Gareth Tredway
Posted: '25-APR-06 13:14' GMT © Mineweb 1997-2004
JOHANNESBURG (Mineweb.com) -- The astounding value gain over the last few years in junior uranium stocks has been phenomenal as shares have tracked a booming uranium price. Now, a research report out from brokerage Hargreaves-Hale in the UK suggests there is more upside.
For example South Africa’s, sxr Uranium One, formerly Aflease, has risen from a low of about R0.90 a share back in the middle of 2004, to the equivalent of R10.44 a share now, an increase of 1,060%.
As part of its merger with Southern Cross in Canada last year, Aflease shares were consolidated at 0.18 Uranium One share for each Aflease share owned. Now, the current price is about C$10.56 a share, or R58 apiece in Johannesburg.
Hargreave-Hale calls the share a BUY, with a target price of C$16.77 a share (R88.88 each). The firm calculates a forward P/E of 21.6 in 2007 and 9.2 in 2008, using the current share price.
Uranium One is one of the closer to production explorers along with Paladin Resources, which is building a mine in Namibia. The company is currently trading at about C$4.31 a share; Hargreave sees upside to about C$4.67 a share.
The uranium price, according to the Ux Consulting website (http://www.uxc.com/review/uxc_prices.html), has gone up from just over $6/lb in five years ago, to its current $41/lb.
With the main driver being the growth in nuclear energy power expected to increase over the next few decades, and supply struggling to keep up.
The supply/demand fundamentals are so much in the producer’s favour that even consumers of uranium are calling for higher prices. According to Jaco Kriek, head of The Pebble Bed Modular Reactor (PBMR) the utility industry could absorb higher prices.
“If you look at the price of uranium or the uranium fuel itself, it actually has a very small impact on the ultimate cost of electricity that’s generated by a nuclear plant,” said Kriek on Mineweb radio (http://www.mineweb.net/radio/mineweb_radio/263149.htm) on Friday, “So you can even double the price of uranium and the cost of electricity will only go up by about 5%. Obviously in future with the huge demand that we foresee for uranium, there will hopefully not be a huge increase, and it will hopefully recover when people find more viable mines for uranium – in other words, when they start to explore for uranium, because that’s up to now not really been done.”
Speaking in the same interview, Neal Froneman, Uranium One’s chief executive says the selling price could already be higher. “And I dare say that the uranium industry, being as small and as tight as it is, they are responsibly managing that spot price. I certainly believe the actual price of uranium is significantly higher. There is certainly a lot of indication of longer-term contracts being placed well in the $50s now.”
Froneman even talks of reports pointing at prices of over seven times higher than they are now. “We are not quite sure where it will overshoot to. We read reports of $50 a pound by the end of the year. As I say, I think we are already there it is just a bit masked. I have read credible reports of $300 a pound.”
While all commodities are reaching multi-decade highs at the moment, some feel uranium will be one of those that will keep going the longest. Wayne McCurrie, managing director of Advantage Asset Managers, says: “I truly believe that this uranium thing – this time around it's different, and I think the oil price at $70-plus, the environmental damage – nuclear energy is clean and it's comparatively cheap. And I think this is literally the next one of these long-cycle things.”
Other notable mentions in Hargreave-Hale’s report include Australian listed OmegaCorp and Berkeley Resources. In Canada the brokerage expects companies like Aurora Energy, and International Uranium Corporation to still have upside.
By: Gareth Tredway
Posted: '25-APR-06 13:14' GMT © Mineweb 1997-2004
JOHANNESBURG (Mineweb.com) -- The astounding value gain over the last few years in junior uranium stocks has been phenomenal as shares have tracked a booming uranium price. Now, a research report out from brokerage Hargreaves-Hale in the UK suggests there is more upside.
For example South Africa’s, sxr Uranium One, formerly Aflease, has risen from a low of about R0.90 a share back in the middle of 2004, to the equivalent of R10.44 a share now, an increase of 1,060%.
As part of its merger with Southern Cross in Canada last year, Aflease shares were consolidated at 0.18 Uranium One share for each Aflease share owned. Now, the current price is about C$10.56 a share, or R58 apiece in Johannesburg.
Hargreave-Hale calls the share a BUY, with a target price of C$16.77 a share (R88.88 each). The firm calculates a forward P/E of 21.6 in 2007 and 9.2 in 2008, using the current share price.
Uranium One is one of the closer to production explorers along with Paladin Resources, which is building a mine in Namibia. The company is currently trading at about C$4.31 a share; Hargreave sees upside to about C$4.67 a share.
The uranium price, according to the Ux Consulting website (http://www.uxc.com/review/uxc_prices.html), has gone up from just over $6/lb in five years ago, to its current $41/lb.
With the main driver being the growth in nuclear energy power expected to increase over the next few decades, and supply struggling to keep up.
The supply/demand fundamentals are so much in the producer’s favour that even consumers of uranium are calling for higher prices. According to Jaco Kriek, head of The Pebble Bed Modular Reactor (PBMR) the utility industry could absorb higher prices.
“If you look at the price of uranium or the uranium fuel itself, it actually has a very small impact on the ultimate cost of electricity that’s generated by a nuclear plant,” said Kriek on Mineweb radio (http://www.mineweb.net/radio/mineweb_radio/263149.htm) on Friday, “So you can even double the price of uranium and the cost of electricity will only go up by about 5%. Obviously in future with the huge demand that we foresee for uranium, there will hopefully not be a huge increase, and it will hopefully recover when people find more viable mines for uranium – in other words, when they start to explore for uranium, because that’s up to now not really been done.”
Speaking in the same interview, Neal Froneman, Uranium One’s chief executive says the selling price could already be higher. “And I dare say that the uranium industry, being as small and as tight as it is, they are responsibly managing that spot price. I certainly believe the actual price of uranium is significantly higher. There is certainly a lot of indication of longer-term contracts being placed well in the $50s now.”
Froneman even talks of reports pointing at prices of over seven times higher than they are now. “We are not quite sure where it will overshoot to. We read reports of $50 a pound by the end of the year. As I say, I think we are already there it is just a bit masked. I have read credible reports of $300 a pound.”
While all commodities are reaching multi-decade highs at the moment, some feel uranium will be one of those that will keep going the longest. Wayne McCurrie, managing director of Advantage Asset Managers, says: “I truly believe that this uranium thing – this time around it's different, and I think the oil price at $70-plus, the environmental damage – nuclear energy is clean and it's comparatively cheap. And I think this is literally the next one of these long-cycle things.”
Other notable mentions in Hargreave-Hale’s report include Australian listed OmegaCorp and Berkeley Resources. In Canada the brokerage expects companies like Aurora Energy, and International Uranium Corporation to still have upside.
