Today's announcement confirms MKY's intentions to become a serious Uranium explorer/miner, and represents a much higher additional value to the Queensland Uranium Pty. Ltd. aquisition.
Obviously the last two tenements to be approved by the Queensland Mines Department now hold the key with regard to the previously announced 'high grade Uranium discovery'.
The story thus far suggests to me that they have indeed found the 'uranium source', and its just a matter of time before these tenements are also approved, and then the 'initial and high grade' exploratory results conducted on those tenements will be known. These results could well be the rock chip/trench sample variety going on the methods used by exclusive geologist Drake-Brockman with 'half-sister' Company WMT. This could all take place very soon IMO.
Regardless the 'wet season' is almost over, and as I understand it, April is go for a big increase in exploration via trench samples and drilling.
The new tenements are at this stage a bonus, and obviously represent 'money' in the bank for MKY by offering leverage and muscle in any forward negotiations/activity/international Joint Venture opportunities. Queensland is the new 'buzz' word for Uranium Explorers with a hive of activity taking place all over the State by a great many companies. MKY have positioned themselves well with these new tenements in the sense that any future 'high grade strikes' by these companies near, or next to any of the new and existing MKY tenements, the value, potential, and opportunities presented by same will skyrocket.
Allan Blood has demonstrated that he is indeed forward thinking with his plans for MKY, and obviously has the pedal to the metal in this regard. He will ultimately control 43% of MKY, and he has made his plans and intentions clear. I think more good news will be revealed prior to the Shareholders Meeting, if not, at the meeting. I would be thinking there could still be a few Aces up his sleeve, that could indeed be played.
So in a nutshell, there is lots of good news and opportunity ahead IMO, and at these current prices, MKY is a 'loaded cannon' just waiting to go off. This could obviously happen anytime soon, and I'll be there for the 'anticipated big ride'.
As for Labor, its a done deal to open up the Uranium frontiers in Queensland. John Howard has said it in Parliament recently, Krudd didn't refute it, and Peter Beattie knows it! Queensland:- Exporter of Uranium ........there is no doubt that this is a go.
* The only doubt that remains with Labor would be the building and construction of Nuclear Reactors in Australia - and that is a whole new ball game. But that won't affect the scrapping of the 3 Mine Policy, so its all go for mine.
Don't expect the MKY SP to be anywhere near this price when it is announced officially.
Happy days ahead - all holders.
wrxsti
MKY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
