uranium on an up trend?

I get the feeling the tide has turned, but some things sometimes take a little longer for people start acting positive.

Have a read of the following site:
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http://www.thebull.com.au/articles/a/25737-uranium-stocks-hit-hard-but-bulls-are-bellowing.html

Once we start seeing the interest start coming back into the market, then we may see some one ringing THX, to take up a JV in Ngalia.
With the size of the tenement, if there's uranium there THX could still make decent money.
They have only drilled a very small percentage of the prospect to date.
It needs some big pockets to see it through.

And don't forget the Alara tenements next door also could hold significant value.
The following was the announcement made back in early 2009, regarding Alara's (AUQ) tenements.
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Bigrlyi South Uranium Joint Venture with Thundelarra
Alara is pleased to announce that a formal joint venture agreement has been executed
with Thundelarra Exploration Ltd (ASX Code: THX) for THX to earn a 70% interest in
Alara’s Bigrlyi South Uranium Project tenements located principally in the northern part of
the Ngalia Basin in the Northern Territory (located approximately 390 kilometres northwest
of Alice Springs).
Thundelarra has tenements (1,950 km2) contiguous with Alara’s tenements (1,350km2)
and proposes to conduct a regional helicopter-assisted gravity survey over most of its
Ngalia project area commencing early June 2009. Thundelarra advises that this survey is
designed to locate major structures beneath the sand and Tertiary sediment cover, which
are potential hosts for uranium deposits in the central basin.
Under the terms of the joint venture agreement:
1. THX can spend $750,000 within 5 years to earn a 70% interest in EL24879,
EL24928 and EL24929 and a further $750,000 to earn a 70% interest in EL 24927
(application pending grant) within 5 years of the date of grant of the tenement.
2. THX is required to keep the tenements in good standing during the earn-in period.
3. After THX has earned its 70% interest in the relevant tenements, Alara can elect to
contribute its share of expenditure or convert to a 10% interest which is free-carried
to a decision to mine. An industry-standard dilution formula applies.
4. THX can withdraw after the first year and, in the case of EL 24927 (application),
also if the tenement is not granted within two years.
5. Alara has a first right of refusal if THX wishes to dispose of its rights under the joint
venture.
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As far as I know this JV is still in place.

For THX to drill Ngalia properly by its self I would imagine it would be quite an expensive exercise.
The collapsing of the uranium price after the catastrophe in Japan certainly didn't help, but as we can see at the present time Uranium still appears to be going to play a big part in world energy needs.

Regards
Dabru

DYOR , IMO