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14/10/10
15:53
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re: Ann: MEP: Rock Chips Assay High Grade For...
Cheers for the thoughts TR333.
At least it is slightly above consolidation ratio er 0.001cents. I think my average is about 0.003cents, so on a loss for this full on speccie.
Any way announcement really needed soon. Perhaps some info on drill rig contract for Karoo??
A nice bit of info about ERA having to buy u308 to fulfill contracts due to a 35% fall in production.
A short extract:
ERA Q3 uranium output drops 35%, cuts output
http://uk.reuters.com/article/idUKSGE69C00220101013
ERA Q3 uranium output drops 35 pct vs yr ago
* Rio Tinto unit blames less rich ores for the drop
* ERA says 2010 output target cut by up to 800 tonnes
* Braces for adverse impact on 2010 earnings.
etc etc
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This you would assume will put some pressure on the short term price and contract price of uranium.
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