great announcement, page-8

cheers to all holders - Check this out part report from Laramide TSX - LAM Project near Redbank

Be nice if Redbank could find some as well

WESTMORELAND URANIUM PROJECT : "Lagoon Creek"

"In October 2006, Mining Associates of Australia to completed an independent National Instrument 43-101 technical report. The mineral resource report estimates indicated mineral resources at Westmoreland totalling 15.6 million pounds of uranium (U3O8) that are contained in 8.0 million tonnes at an average grade of 0.088 per cent U3O8, and an additional 32.9 million pounds of uranium (U3O8) contained in 16.0 million tonnes at an average grade of 0.094 per cent U3O8which are classified as inferred mineral resources. Total resources at Westmoreland are 48 million pounds of U3O8, which has an in-ground value at current spot prices of US $ 6.0 billion.

In addition to this GRD Minproc recently completed a scoping study on Westmoreland. The scoping study was very robust economically, estimating production of around 3.0 million pounds of U3O8 annually at production costs around US $ 20 per pound. The initial mine life is for 11 years with a strong liklehood of this being increased to greater than 15 years with further drilling. The direct and indirect capital for the project is estimated at US$ 214 million. Payback on current prices would be less than 2 years. Mining would be with conventional open pit and processing by an acid leach. These are both methods which are not technically challenging. At current Uranium prices the project has the potential to generate a very large pre tax cash flow per year."