wots the value of 5% of bigrlyi uranium jv

Well i think we will see as of Dec 2009, a proportional take over offer was made by China Uranium Development Company for Energy Metals, resulting in CUD acquiring over 65 % of Eme Energy Metals the operator of the Birgrli Uranium JV.

This proportional takeover offer puts real value on SXX Stn Cross,s interest in this Uranium JV.

This 5% holding could be worth north of $10,000,000

The Chairman Boris Ganke in his adresss to shareholders 26 may 2010 advises that in the event of a commercial mine that Southern Cross could take its share of production in Kind!!!!!

This means that Southern Cross could market and trade uranium on its own account!!!

The company also retains 45% interest in 2 Uranium Leases in Burkina Faso!!!

Could this be a mini Paladin PDN ?????

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