SMM 25.0% 0.5¢ somerset minerals limited

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  1. 22,691 Posts.
    At the moment, the Queensland Govt does not allow mining of Uranium.
    20 Oct. 2004:

    "The plan is to double the Company’s uranium resource base and recommence prefeasibility studies in preparation for mine development when the change of government in Queensland occurs, or the current government changes its policy on uranium mining".

    Here is an important parag:

    "There is potential to significantly increase all three resources by future drilling as all deposits
    remain open along strike and at depth".

    Gerry
 
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