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When can uranium hopefuls produce?

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"Freeballinginawetsuit" put URA 2008, and PDN is a producer already, an ex-hopeful.
 


Interesting how the companies with the deposits ie. SMM and MTN, you forecast for having production later than those that have absolutely nothing eg. TOE, URA.
 
nizar said:
Interesting how the companies with the deposits ie. SMM and MTN, you forecast for having production later than those that have absolutely nothing eg. TOE, URA.
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TOE has got DYL's Napperby deposit in NT, and Freeballinginawetsuit forecasts URA based on company's ann.
 

Talking about optimistic, from the latest Paydirt, PNN want to produce in three years, that is 2010, One year ahead of my guesstimate.

MTN want to do it in 2011. Looks both of my predictions are very "conservative". But I stick to it.
 
Hi Insider,

I don't know what to make of your last couple of posts. Your posts are usually reasonably sound, but the last few are fairly dodgy. I hope you're all right now, may be the bloke stalking you was just after a few hot share tips.
Take it easy mate.
 
mmmmining said:
Talking about optimistic, from the latest Paydirt, PNN want to produce in three years, that is 2010, One year ahead of my guesstimate.

MTN want to do it in 2011. Looks both of my predictions are very "conservative". But I stick to it.
Click to expand...

I read that after hours annou. and wonder how this interest will be maintained for another 3 years.The price per lb. of U will be on the decline and by the time cigar lake comes on will drop out.I can`t help thinking that many of these have missed the boat.Cycles...it`s all about cycles.
 
When do you guys think DYL will be ready to produce? IIRC they are starting to drill in Namibia next month and should have the airborne electromagnetic surveys done by june. Is it likely to be JORC compliant before the end of the year?
As far as production goes I guess it depends a little on if/when the PDN deal occurs.
 
DYL is not comfortable to be a producer in the near future, so it sold the Napperby deposit to TOE in exchange for shareholding. I believe it could be a good taken over target by PDN if it can find some serious staff.

Namibia staff could support DYL's share price, but I believe it is not a company maker. I believe QLD will decide the future for DYL, believe it or not.
 
PAYDIRT URANIUM CONFERENCE
Australia should establish uranium index

Australia must consider establishing a uranium index on the Australian Stock Exchange (ASX), a uranium conference in South Australia has been told.
Author: Brad Watts
Posted: Friday , 23 Mar 2007

CANBERRA -

Mining investment analyst house Far East Capital's managing director Warwick Grigor, told the 2007 Paydirt Australian Uranium Conference that the number of listed companies claiming to be uranium vehicles is approaching 100.

"Ideally, we need an index and it needs to be broken into specific categories of existing producers, potential producers, advanced explorers and grass roots explorers," Mr Grigor told the conference in Adelaide.

"There are remarkably few uranium producers listed not just on the ASX but any exchange worldwide, as 70 per cent of current supply comes from just 10-15 companies."

He said for investors, the producer category was the one to watch.

"The potential producer category is of more value as it offers share trading profit potential and can host companies that have some sort of uranium resource able to be exploited over the next two, five or ten years, he said.

He said there was more than a radioactive sniff to these but not all of them will progress to production.

But he also warned investors against the grass roots exploration sector, saying it posed the highest risk, although has the prospect to generate "wonderful discoveries and enormous capital gains".

Mr Grigor was positive about the uranium sector, despite conceding it might be a while before Australia gets any new mines.

"It will be a number of years before we see a new uranium mine in Australia but the predicted supply and demand equation for uranium suggests a favourable climate for the sector for at least 10 years," he said.
 
It feel that uranium stocks with majority of properties overseas will have a good run before the labor's conference, particularly near-term producer. Stocks with US address might continue to show the strength. Stock might rise are:
Namibia group: BMN, ERN, EXT, WME, and WMT....
USA group:WHE, PEN, XST, BLR, UKL, WMT....
Others: GBE, CTS, URA, AEX, MRO, ACP, MRU.....

I guess people will be nervous to push domestic uranium stocks higher even it is almost a done deal. Because the risk is too high just in case a bunch of labors might ruin the party.

Of course, after the labor D-day, stock with domestic project other than WA might have a good run, particularly the near-term producers.
AGS, PNN, MTN, SMM, TOE, USA, DYL, and dozens....

But I predict that uranium stock with WA focused tenements might be just in line with general uranium trend at best. But I might be wrong. These politicians are suckers if they need your vote. I guess only WA ASFers can make a difference. If it is true, WA uranium hopefuls will have huge upside.
 
what about cuy, trial plant this year.
 
lounge chair said:
what about cuy, trial plant this year.
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ISL technology is a bit different because it must have a trail operation to test the geologic structure. It might be failed completely. Let's assume successful, then

CUY still need to go through resource definition, permitting, BFS.... I would say it could produce uranium on 2010.

Based on the latest information, PNN is a front-runner domestically. 2010.
 
mmmmining said:
Sorry, insider, Range will retain a 15% interest. So CTS can only get 65%. (Ann on 2 May 06. Do you have updated info?
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My mistake, according to ann on 29/09/06 and today, CTS can have 100% of the Corachapi Uranium Project in Peru. Good news for CTS, which can move a lot faster to production as a sole owner.
 
What are we going to bid now, Sir?
 

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ERN jorc by early next year can produce in late 2009. BMN interim jorc imminent (~25 mil pounds) can do BFS late this year/full year next, construct late 2008/early 2009, produce in late 2009. Other stocks I would not bother with.
 
Other stocks I would not bother with.
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yep thats right. i woudn't bother with the rest i.e. wouldn't invest in them. these two offer enough superior resources potential and production(being in namibia). Australian resources too expensive, SMM already 1 billion mkt cap, AGS 500mill dollar market cap. Wheres the upside on these at such high market capitalisations. Just have a look at SMM's latest jorc for example. However if some other namibian/african companies come up i will invest.
 
Totally agree, they seem very expensive to me. I've been saying this for some time, unfortunately, and missed out on some $$. What was the Anderson's JORC? 4.7m lbs. I would have been hoping for 10-20m. Pretty high grade though isn't it? 15 ks from Mt Isa. Gee, they could dig it up and taxi it into town. Adds to the list of resources though. They might still make it to 100m lbs total, if they get the IUJV to themselves, although that's doubtful. Beatie's changed his tune to win some votes, so could be mining relatively soon. Probably sooner than BMN and ERN actually. They're yet to produce JORCs and with the way these drilling programs lengthen out, could be some time before they get an inferred? Then they need all the additional drilling to get to the meassured before PFS....Some time away. I think your estimates aren't very conservative on this and don't count for any fudge. Have you factored in any problems? Like rig availability? Resource definition hold ups like we've seen with SMM and AGS? etc...
 
agree but i wouldn't look at rig availability as being a major factor in my decision. if the ground is good there will be demand. I understand BMN are sourcing additional drill rigs as you say. Any further results that point to a big possible JORC , the market will not wait. AGS is valued on more than its JORC, and has the market waited for its JORC to fully value the company

BMN's interim resource estimate is due within a few months(this is based on historical drilling to 70m depth only and confirmatory drilling). Even though it may be small ~25million pounds, that is still nearly equal to 50% of of valhalla which underpins SMM's 1billion dollar valuation(mainly 50% of valhalla). But the main thing BMN is lucky they can deliver a JORC estimate soon- something others can't. The market can't price SMM and BMN on different planets. Its the 1 market.
 
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