everything is good ..., page-8

A translation by a program of the last posting.

The experts of “Small Cap Trader Research” present west Australian Metals (WKN: 865876/ISIN: AU000000WME4) as promising Uranplayer in Namibia.
The group has itself in April 2005 a majority to
Marenica project (JV-portion of 80%) close by the world-wide largest
Uranium mine Rössing secured, it is said.
WAM probably possesses one with Marenica the most promising and
most economical uranium deposits in the uranium-rich province Damara.
Marenica borders north directly on the uranium project Trekkopje of
AREVA (formerly uremias), which end of 2008 is to take up production.
The future uranium extraction area Valencia (Forsys Metals) as well as for the 70's the highly profitably working Rössing mine (Rio Tinto) would be in southern neighborhood, continue to report SCT.
The WAM project covers 706 km ² with high potential for secondary and
primary uranium deposits. On basis of one of the previous owner gold Fields
explored surface of 11 km ² WAM first from 15 to 16.4 million Pound uranium oxide (U3O8) proceeded. In the first half-year 2008 further areas in the east and the south of this mineralized core zone were exploriert, it are said. In sum one explores at present 7 km ² with large success, because still in April
the Australians would have a clear expansion of the well-known
Uranium resources announced: Of an exploration potential in one
Order of magnitude from 17 to 27 million Pound U3O8 the speech was. WAM
this would like in the context of a new resources calculation after official
In July 2008 it confirms, is called further JORC standard.
The past drilling results would exhibit 66% a higher uranium content than the occurrences of the neighbouring Trekkopje project. Owner AREVA
calculate with his Low Cost project with production costs of approximately 20
USD per Pound uranium, so that WAM on Marenica substantially more economically
to produce, argues SCT can. However Marenica would be in an earlier development stage. First be valid it on the enormous area further occurrences to find and classify: Already in the summer the new resources update might according to estimate of the SCT experts 40 to 50
Millions Pound of U3O8 prove.
Already on view of few quarters a uranium deposit in that can
Order of magnitude of over 100 million Pound of U3O8 are present. Neighbor Areva wise 158 million Pound of U3O8 for its Trekkopje mine out. In this connection
can the SCT experts on middle view also an assumption by the French AREVA imagine, at least became such a step
make strategically sense. If the planning of the WAM management would come up, continue to start 2011/12 production in the Marenica mine, so SCT.
Up-to-date the WAM portions were braked still by the imponderables of the current financing. The placement should successfully run, about which SCT in view of the descriptive initial position with large security
, is secured the financing of the cost-intensive exploration goes out!
Up to the putting into production the WAM shares for some positive might
Surprises well its and a clear revaluation experienced, SCT means.
Up-to-date come the Explorer only converted to a stock exchange value of 51 millions euros. Where the journey can go, clarify again the example
Uremias: AREVA paid in the middle of 2007 for the WAM neighbor and its main project Trekkopje (158 million Pound of U3O8) to approximately 1.85 billion euro.
If WAM proves actually 40 to 50 million Pound U3O8 for Marenica in July, a good quarter of neighbouring uremia resources would be already reached and with view of the paid uremia purchase price a clearly higher WAM evaluation justified, reports SCT. As a short term course goal for the portions of west Australian Metals calls “Small Cap Trader Research”
0.50 euros. However can the rising uranium Explorer on yearly view
also by far higher course regions head for, are called it finally.

Regards Bergler