harts range tenement, nt, will excite many

BTV's last minute announcement yesterday that it will spin off its uranium areas into a separate company will excite many investors who take the trouble to research the geo history of these very large areas. Northern Territory offers no major political problem for mining approval, and the fact that uranium has been discovered at Hart's Range in the mid 60's [albeit at ore grades less than the remarkable U grades of Queensland Mines Ltd] will make analysts think eventually. U3O8 prices in the mid 60's were only $US5 to $US8 per pound. Currently, U3O8 prices are over $US40 /lb and likely to rise to over $US100/lb.