howard may yet sideline the states, page-5

Subject re: + presentation-mining journal 20:20 uranium da
Posted 15/09/05 13:01 - 331 reads
Posted by stolwyk

Post #719465 - in reply to msg. #718467 - splitview

PRESENTATION (8.65 MB-Plenty of colour, 78 pages):

http://stocknessmonster.com/news-item?S=SMM&E=ASX&N=299203

There are some interesting important pages:

PAGE 48:
Assume SMM starts mining then, in the first 3 years, they are to produce 6 mill lbs Uranium with a Surplus of $A480 mill. and Export Revenue of $845 mill.(U=$US35/lb in the first 3 years, $US40/lb thereafter). Current U price: $US30.75.

Year 3-6: produce 9 mill lbs with a Surplus of $1.33 Bill and Export revenue of $1.78 Bill.

Note: this includes some income from VANADIUM.

+++++++++++++++++++++++++++++++++++

PAGES 60,61:

"NATIONAL INTEREST":

THE COMMONWEALTH HAS THE POWER TO OVERRIDE THE STATES AND GRANT ALL NECESSARY APPROVAL FOR A URANIUM MINE, WHERE:

1. Instances of States not acting in the "National Interest" occur.

2. Export Income and Contribution to Balance of Payments is significant (>$1 Bill) and is being blocked by the State.

3. Fed Govt is under obligation by way of Treaty, FTA or OTHER COMMITMENT to a foreign State or International Authority to allow the activity or Industry to proceed.

______________________________

Comment:

The Fed Govt is handling this delicate issue in stages:

Raising consciousness of the Australian public.

"Takeover" of the U operations in NT.

While all the time observing the political fallout, it could apply the "National Interest" clauses at some time, IMHO.


SMM has prepared this PRESENTATION to be shown to interested parties in the UK.

I can't predict the outcome of political manoeuvring in Aussie.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.