uranium rush ahead, page-13

EMA ..· Energy and Minerals Australia (EMA), a relative newcomer but owner of the second-biggest uranium resource in WA that complies with the industry’s JORC (Joint Ore Reserves Committee) standards. In mid-January it reported a maiden resource of 24,520 tonnes of uranium at its Mulga Rock project, a discovery originally made by Japanese explorers in the 1970s and then abandoned because of Australia’s strict anti-uranium policies. Since mid-January EMA has risen from 17¢ to 22¢ but remains well short of last year’s peak of 85¢.

China are building new power plants big time if you goggle it you find some good stories on how much power and the cost to produce it they will need. EMA has good reserves i believe.