When can uranium hopefuls produce?

[nizar]

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...

Great post kennas, I agree with whats being said.
SMM I dont think its overly expensive for their resource and potential. And halba - if you sell or dont buy into the ones that IN YOUR OPINION are overvalued, then you will miss out on many opportunities. Let the market deduce the value.

ERN looking like a great spec play at this stage (under 100mil).

Alot of money will be made in April.

 

[Halba]

Hi nizar if I buy it must have fundamental value. Market will sort out non fundamental spec garbage like NUP over time, and people will lose money. I failed to understand the positive pumping going on in that stock and I was right.

I feel with plenty of my available funds tied up in BMN and ERN I will have no problem with any 'missed opps' in the future.

 

[mmmmining]

Halba, from Euphoria to Pessimism just a blink?

SMM, AGS and EME might look expensive, but they are speculative stocks. Valuation does not apply much.

PNN could be a producer in 3 years if OK with Labor;
MTN is still very cheap, might be cheaper than BMN on EV/lb basis; and
There are a group of stocks with uranium assets, but has zero value for greenfield project.

If on resources potential basis only, both BMN and ERN are extremely attractive. But I doubt both of them can be a producer by 2009.

Just have a look for how long does it take for PDN even PDN has well defined resources already in the last uranium cycle.

My money is still on PNN as the front-runner, and EQN CMR will be the second and the third, with CTS as black horse.

 

[Sean K]

Hi nizar if I buy it must have fundamental value.

You'll come around to accept TA as a valuable tool one day Halba.

 

[Sean K]

CTS as black horse.

I've put a couple of bucks each way on this one too. I'm moving to Peru in a couple of months, so will drop in and let you know how it's going.

 

[chris1983]

My money is still on PNN as the front-runner, and EQN CMR will be the second and the third, with CTS as black horse.

Guys what is wrong with CTS? They have a defined resource..they will get over 10 million once the oppies are converted. I have been researching them. Is PERU usually a no go zone? Political troubles?

 

[mmmmining]

Guys what is wrong with CTS? They have a defined resource..they will get over 10 million once the oppies are converted. I have been researching them. Is PERU usually a no go zone? Political troubles?

Chris, I think the management is a bit illusive. I cannot find them, and never return a call. I back it with a few just in case. Maybe you get lucky,can ask about targeting production in 2007, and other questions, such as location (highland), mineralogy, drilling schedule, and fund raise etc.

No political problem yet.

PS not 10m once, is about 10m lb

 

[chris1983]

Chris, I think the management is a bit illusive. I cannot find them, and never return a call. I back it with a few just in case. Maybe you get lucky,can ask about targeting production in 2007, and other questions, such as location (highland), mineralogy, drilling schedule, and fund raise etc.

No political problem yet.

Ive been trying to find another uranium play and this one looks the goods. Thanks for the info mmmmining. I cant see this staying down. You referred to the location (highland). These are all very important factors..but their grades are excellent. This will probably be my next play. I currently hold BMN and ERN. CTS will also get 10 million cash (sorry i was referring to cash they will get from converted oppies) at bank when the oppies are converted soon and they allready had 2.5 million at bank as of their last half year accounts.

 

[Halba]

hmmm never heard of CTS will have to check it up

Does it really matter when uranium hopefuls produce? Its all about the resources you have and the project you have. By all practicalities a few months to a year will separate the U companies at this moment. If your project is not as good and you only produce a little earlier than others, whats the point? The bigger resources u have the more u will be valued!

 

[chris1983]

hmmm never heard of CTS will have to check it up

Does it really matter when uranium hopefuls produce? Its all about the resources you have and the project you have. By all practicalities a few months to a year will separate the U companies at this moment. If your project is not as good and you only produce a little earlier than others, whats the point? The bigger resources u have the more u will be valued!

I'll probably have to depart with some of my beloved AOE to get them though. noooo. Have to read further into CTS but they look good and are too cheap atm. I have to old AOE another 3 months to only pay 15% TAX..argg. CTS could easily run 3 fold. They are on my to buy list.

 

[nizar]

CTS recently iv heard mentioned by a few big players that are usually in the know.

 

[Freeballinginawetsuit]

I've put a couple of bucks each way on this one too. I'm moving to Peru in a couple of months, so will drop in and let you know how it's going.

Really?, thats a change in lifestyle!.

 

[spooly74]

CTS recently iv heard mentioned by a few big players that are usually in the know.

Mentioned in a good way or a bad way?

 

[mmmmining]

If you fancy BMN and ERN can produce yellowcake by 2009, you should have a serious look at this little one. WME (Don't confused with WMT).

From info I collected, it is a bit advanced than BMN, definitely than ERN. (Do argue this please, Halba, it's a fact). I am going to get a few lines out under WME by the end of this weekend, or before Easter.

 

[nizar]

Mentioned in a good way or a bad way?

LOL they hold.

 

[Sean K]

Really?, thats a change in lifestyle!.

My girlfriend has just got the job of General Manager South America for Intrepid Travel. I'll just be doing the same thing I do now I think, on a different time zone. CTS's U prospect is not far from Cuzco, the area is in the Andes, but it's actually relatively flat once you're up there. I'll go and visit the mine and let you guys know what it looks like. I'll be there for at least 2 years. Perhaps they'll give me a job.

 

[Go Nuke]

The charts for CTS and AGS look similar at the moment.

 

[YOUNG_TRADER]

CTS recently iv heard mentioned by a few big players that are usually in the know.

lol your not talking about me calling it a few days back are you? :

Seriously though CTS is my current fundamental U play, seriously undervalued, April should see it re-rated

 

[mmmmining]

Seriously though CTS is my current fundamental U play, seriously undervalued, April should see it re-rated

Before site inspection by Kennas?

 

[Captain_Chaza]

Ahoy there

I don't know if this is important but has anyone else noticed that when a speculative miniing explorer gets rerated as a producer the share price often falls

Or Is it just me?

Go figure?

Salute and Gods' speed