I presume Far East Capital are in it for the uranium? Warwick Grigor (associated with Monaro Mining)
Part of Article from January 4 2007: "...They all pulled up and left when the uranium price collapsed. Now that Goldsearch and Deep Yellow have taken off, the other uranium players in the area - Universal Resources, Monaro Mining and Paradigm Gold - will also be watched carefully by traders.
Universal Resources has tenements that lie within 4km of the Mary Kathleen mine site, and on which CRA did some exploration in the 1970s. That exploration recorded rock chip samples up to 6.18 per cent uranium.
Universal began exploration on that ground last month.
Paradigm has picked up ground that was prospected by Energy Resources of Australia in 1978 when samples graded up to 0.03 per cent uranium. ERA went no further, as it was focused on its huge Ranger deposit in the Northern Territory.
Monaro holds tenements north of Mary Kathleen."
IOD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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