in the top ten deposits....

and now in the top 5 projects.... PDN trying to strike before SMM hits the big stage sending SP spiralling too high.

Thanks Allan.

"Mt Isa is potentially much bigger and it is one of the top five uranium projects globally," he added.


FROM.
Subject: the australian
Stock Code: URL - UNIVERSAL RESOURCES LIMITED
Posted: 03/03/07 10:13 Hotcopper Radio: URL on BoardRoom Radio
Posted By: spottygoose Views: 115
Post #: 1606709 (Start of thread) Sentiment: Buy
IP: 144.136.xxx.xxx Voluntary Disclosure: Stock Held
Wait for ALP U-turn, Summit chief urges
Robin Bromby
March 03, 2007

DON'T sell to Paladin - the coming change to Labor Party policy on uranium mining will make your company worth a lot more.
That is the message Summit Resources managing director Alan Eggers has for his shareholders after a hostile takeover bid by Paladin Resources.
Paladin is offering one of its shares for every 2.04 Summit shares.

Success would give Paladin outright control of several high-grade uranium deposits around Mt Isa, including two 50-50 owned by Paladin.

Mr Eggers said Paladin's offer was timed to close just two weeks before the Australian Labor Party conference at which Labor was expected to ditch its "no new mines" policy.

Mr Eggers said Queensland Premier Peter Beattie had said he would abide by ALP policy -- in other words, Summit could start developing mines in Queensland.

Moreover, there would be some more good news for Summit shareholders next month when new resource estimates would be reported for several of the uranium projects.

"Mt Isa is potentially much bigger and it is one of the top five uranium projects globally," he added.

Mr Eggers, whose family holds 7 per cent of Summit, has decided to dig in for the big fight with Paladin.

He argued that Paladin was after the Queensland ground to balance its political risk in Africa, with its Malawi project being in a country that ranked in the bottom 20 for political risk.