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18,710 Posts.
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26/05/07
13:56
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According to Czech sources, there is an estimated figure of about 115K tonnes of Uranium at Rozna still in the ground.
Without Uran's involvement, the Czech's cannot develop this mine.
Should Uran acquire 75% interest (as has been reported by MK) that equates to about 80K tonnes for Uran.
Considering WHE has about 20K tonnes and a MC of about $100M, Uran's MC should then be about $400M.
It therefore makes sense what MK said at the GM...ie $5-$10 share price just on Rozna alone.
In a matter of weeks or days the Uran story will unfold.
As MK stated, we will know the outcome before 30 June.
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