rights issue, page-6

I have access to the magazine Postie, unfortunately I can't post it online.

Nothing we don't know already, but it well put together article of the company work in Zambia and the mining leases they have.

The thing that I learned is how rich Zambia is with high quality manganese, shallow reefs with huge size, long strike lengths and low impurities. so potential DSO operations is everywhere you look withing the leases , many of these reefs are seen from the surface, so no need for risky exploration work.

URA has conducted ground and airborne magnetic surveys, some results received and some pending, but all indicates to big potential. grap samples from the other project at Peco are showing no less than %49.42 Mnaganese while the best one is above %60. URAN is looking into producing from Peco project soon as well.

The above information are all from the company ASX releases By the way.

It seems to me like the land of manganese, shallow continuous and thick reefs , easy to mine, roads and rail line are close by, mining friendly country, is there a catch I wonder, or it is just a very good story unfolding?

My simple calculations is this, if they get to 10,000 tons a months from both Peco and Chowa, and assuming the price of the ore is $350 per ton, if 200 per ton profit is achieved. then 2M dollars profit per months, 24M per year, then we are talking a potentially 100M company in not too distant future. even after deducting Zambian company taxes and royalties and whatever. keeping in mind we only have up to %74 of the project.

Too early to say this is going to eventuate though, many hurdles on the way and so many things can happen. but I am saying to myself, in this environment, if i am looking to invest my money in a resources company, where would I find a producing company, high grade resource with such a small market cap and soon to be fully funded.

Italy Can go bankrupt tomorrow followed by Ireland or spain, the Euro zone might go down as a failed experience and resection might indeed follow.
but the world has 4 Billion people, and they have needs that won't go away because some bankers in Europe got it wrong, China's factories will keep going to provide the world with these needs, this is what a real economy is, real production and hard work, not technical analysis, pot trading or fancy financial schemes .

My opinion only, so please DYR, and if you like to have a good read about URA I am happy to email it to you.