uranium potential is significant!

This extract from an American website illustrates how focussed Laramide is on its uranium flagship 'Westmoreland' in northern Queensland as well as the cross border opportunities. The beauty of it all is that Arafura simply allows Laramide to press forward on the drilling front and will benefit from future uranium finds. People also forget that the Lagoon Creek tenement is a 'known' uranium hotspot. There have been two mines in the area in the past. Pandanus and Cobar Creek! This stock is waiting to awaken! Laramides determination to press forward with its plan will only benefit Arafura which can focus its energies on Nolan's Bore.


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Toronto-based Laramide Resources [TSX:LAM] has been carving out a base in the C$1.50-C$1.60 range, supported by new acquisitions of Australian land holdings and a deal to explore nearly 50 mining claims in Quebec. The stock currently trades about 14% below its 52-week highs of C$1.85.

The Australian land holdings are located next to Laramide’s highly prospective Westmoreland project. Through a deal with Australian-listed Arafura Resources, Laramide can earn a 50% stake in the Northern Territory’s Lagoon Creek property by spending A$3 million over the next four years.

http://www.resourceinvestor.com/pebble.asp?relid=10424
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