if the enthusiasm for U stocks continues MEU might be a bit of a...

if the enthusiasm for U stocks continues MEU might be a bit of a trade ( as there is a fallback position with Aurora Tank gold prospect
URANIUM Junction Dam
Highlights
• Junction Dam is strategically located about 10 km east from the
Honeymoon in-situ recovery (ISR) uranium mine (west of Broken Hill)
• 3 uranium prospects have been identified by Marmota on the project
• Resource:
JORC inferred resource of 5.4 million pounds2
at average grade of 557ppm U3O8
Overall Exploration Target of 22 – 33 million pounds U3O8
3
• Grades of up to 8143ppm at the Saffron deposit
• Further work on hold pending improvement in uranium market
Figure 9: Location of Junction Dam Uranium Project Tenements (SHADED)
and Uranium One Australia Honeymoon Mine and Tenements (red)
2 Upward revision of the Saffron deposit inferred resource size as indicated above follows the application of an
average positive disequilibrium factor of 1.63. This is an indicative result and further assessment is underway
(see ASX Releases: 18 July 2012 and 31 October 2012).
3
Saffron deposit with Bridget and Yolanda prospects: see ASX Release: 9 July 2012.
Had a bit of movement on Friday
Anyway just a thought certainly not any sort of advice
Cheers