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Uranium Sector

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I don't entirely disagree with you but there are other stocks that are going to benefit. UKL, EXT, AGS, ARU, BLR and PEN (amongst others) are small caps that are going to make it and have been mentioned as such by Far East Capital amongst others in the media.

Don't write off this sector so quickly, the uranium demand will increase exponentially and will have a price to match. Nuclear power is the way of the future, even the environmental zealots are softening to this.

This isn't a tech boom/bust scenario and there is enough information out there to support my view, including Dines and Far East Capital with numerous brokers supporting U stocks.
 
What are people's thoughts on Marathon as a potential uranium mining company?
 

Well naturally you'd expext the SA Govt to get in behind this one since it's happening right in their own backyard. Although imo, to expect MTN to be in production "in a couple of years" is a bit optimistic, considering that a company like UKL who are planning a open-cut, heap-leach style of operation at Apex-Lowoy are predicting mid 2009 to the earliest start up date for production.

If you consider Cameco's Cigar Lake project, this gives you some idea of the complexities and challenges faced with mining underground, although of course, Mt Ghee isn't sitting underneath a lake. There is still a small risk that Mt Ghee wont go ahead, but more of a hurdle will be the huge amount of capital required to get this operation going, probably several hundred million if not more. I don't know exactly who is on the MTN management team, but whether or not they have any experience developing underground operations and running them effectively I don't know, so maybe some management risk too.

Obviously the project has considerable merit, but the re-evaluation in the sp comes at a time when people are now being much more objective about which U company they back, I might even buy into MTN myself, but until the chart stabilises somewhat I'm going to wait and see what happens.
 

The tech sector didnt go bust either, like the tech sector the quality will survive the rest should be kept well away from. The lag time from discovery to actuall mining is to long for a lot of the explores to take advantage of the climbing u price.
 


Hi folks,

Uranium sector ... will be alert for a recovery, particularly in March, June
and November 2008, as a result of expected energy price hikes, expected
in early-March 2008.

More later, in our astroanalysis for 2008 ...

happy days

paul



=====
 
the barry said:
The tech sector didnt go bust either, like the tech sector the quality will survive the rest should be kept well away from. The lag time from discovery to actuall mining is to long for a lot of the explores to take advantage of the climbing u price.
Click to expand...

All of the stocks I have indicated have the potential for early progress to production and have scoping studies complete or in progress, resources identified as Jorc or nearing Jorc compliance. Far East Capital also supports this view.
 
Exactly, so let me go back to a previous question. What do you guys think of Marathon seeing as it has JORC, an apparently stable and enthusiastic administration and the strong possibility to be mining in the not too distant future, albeit underground?
 

I could easily add Marathon
 
Don't forget BHP. It has 40% of Australia's known U @ Olympic Dam in S.A. And Thorium is mixed in there too l think.
Just my
 
Encounter Resources Limited ENR

Wildhorse Energy Limited WHE

U308 Limited UTO

Uranex NL UNX

Marathon Resources Limited MTN

PepinNini Minerals Limited PNN

Paladin Resources Limited PDN

Energy Resources of Australia Limited ERA

Summit Resources Limited SMM

Deep Yellow Limited DYL

Uranium Equities Limited UEQ

Uran Limited URA

Bannerman Resources Limited BMN
 
I think everything is pointing to a big swing in the price next year ...... up .

Coal looks the same . Everything may flop in the states but India and China will fill any gap in US intake that may come about .

What is more interesting though is the consolidation that everyone thinks is mellowing , it's actually just a pause . 2008 looks like it could be a record takeover year too .......... and it looks just like the last mining boom but on a much grander scale . All the South African exits will be reconsidered and that will probably semaphore the beginning of the next phase .

What the financial markets have to get into their thick heads , is that a global economic shift has been under way , for over 4 years now , yet they have gone on their merry way . Ask an elderly person , it's just a repeat of previous economic shifts , the scale is just larger . The resource sector , which supplies the main ingredients to make economic cake , is the core attraction . Then they have to bake it .

Energy makes us warm and cool and gives us all the things we need to go on our merry way , as it is an essential , the cheapest forms must be sought to aid manufacture . For the energy units to be cheap they must be in ample availability , to those that need them the most , . et al India ..... and China .

And we need it to bake the cake ! Let the delivery drivers worry about the petrol prices ................ they can always be outsourced .

PS.. oh yeah , the big haha is that the takeovers are going to be SCRIP ....... There'll be no giving away CASH .
 
AGS - Alliance Resources

CTS - Contact Uranium

EME - Energy Metals ltd

EXT - Extract Resources

UKL - Uranium King ltd

UXA - Uranium Exploration Australia

WME - Western Metals
 
Add CUY to that list.

Uranium sector ... will be alert for a recovery, particularly in March as a result of expected energy price hikes

CUY pending announcement for approval from PIRSA for ISL trial.

WIll not only be one but they will conduct multiple ISL trials based on them having an "open" resource.
Then JORC will be established and easy to up scale to production.

By Q3/Q42008 they should be able to produce U308 with approvals in Q12008

Severly undervalued at present.
$3+ by 2009.
 
Anybody else still holding onto Paladin Energy? Bought into Summit before things really took off and jumped to Paladin during the buy out. Was always thinking long term on this which is why I didn't sell when the down turn began, although well you know....

I still think this stock has a lot of potential this year as the earlier production issues seem to be going away. Pretty solid directors with old Mr Borschoff and after all it is actually mining, unlike a lot of other uranium stocks that are years away.

Any thoughts?
 
About a year ago, I read in a newspaper that our Australian U miners are all contracted in at about $20 until 2012 (being BHP, ERA etc). Is this correct? I see ERA's results out - prices acheived are in the 20's.
 

Hi ddoma
Apart from UXC I consult /www.nymex.com/index.aspx , go into Markets, Metals, Uranium and across to the left is Current Session Overview, down the bottom to "I agree", submit and look at the prices that have been bid on. You'll see that Uranium has plateaued out, probably waiting for the northern winter to really get established or something, I don't know. I know that the prices this time last year were significantly higher.
 
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