Comments I have received from the Uranium Conference.
PNN Pepinini Minerals
Good mining study done
Requires a larger resource and/or higher Uranium Prices to make the project viable.
If Uranium hits USD$60/lb this project may well be a go as is.
RPT Redport
Nice small rich reserve
Under Takeover from Mega Uranium.
Share price now constrained by mega takeover.
Martin Ferguson
Spelled out how labour was going to trick the unions and the left into supporting uranium mining and how the labour party was going to save face.
He stutterred a lot but delivered his speech well.
All in all a great performance with a plot as complex as any episode of Yes Minister.
The Labour Part will succeed in all likely hood of scra p ping the 3 mine policy.
WA to maintain election promise of no new Uranium mines for this election period.
ARU
Some very promising prospects.
Very good Uranium Exploration Play.
TOE
Good Managment
Large lease area
Lots of work underway
Lots of work still to be done.
AGS
Clearly the best Uranium Discovery in Australia since Olympic Dam.
Very Wide Spread High Grade Deposit.
No Political Risk as can be mined under Current Policy.
Extensive drill program with three drill rigs continuing
AGS are serious about becoming long term mining partners with Heathgate.
Many at the conference went AG Who?
and were surprised by the size and grade of the discovery.
NOVA
Low grade deposit in Calcrete
Good work proceeding
Looks promising
Political risk now reduced
Cheap to mine because its shallow but low grade means the project is touch even go at current Uranium prices.
Encounter Resources
Promising
Needs more work
Summit Resources
Proving and expanding of resource continues
Mining will begin when Beatty allows it
Out of all the Companies
AGS and Summit were the only two who have a resource that can be turned into a mine anytime soon.
The Other companies have promise but are way behind as far as getting a mine off the ground.
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