UKL is one to watch for & my info is that UKL will list next...

UKL is one to watch for & my info is that UKL will list next week. Has a JORC inferred resource of over 6m pounds @ current price of $47 per pound & deposits are in the USA. I hold & will be looking to add stock on opening day as this has 'heaps' of potential. UKL is listing on the ASX as a float of around $7m odd is laughed at in the USA so it seems as though we in the lucky country are indeed in 'luck'.

Watch this space.


About Uranium King
On 21 July 2006 Uranium King exercised an option to acquire a 100% interest in the uranium assets of Mineral Energy and Technology Corporation (“METCO”).

METCO is a United States based private company which owned the Rio Puerco and Church Rock projects in the State of New Mexico and the Apex and Lowboy projects in the state of Nevada.

Based on exploration completed during the 1970’s and 1980’s, the Rio Puerco and Apex-Lowboy projects have combined JORC inferred uranium resources of 6.1 million pounds (2.8 million kilograms) of uranium oxide.

Project

JORC Inferred Resource

Grade
Rio Puerco

4,514,400 lbs

0.12% U3O8
Apex-Lowboy

1,548,100 lbs

0.07% U3O8


On 11 August 2006 Uranium King lodged a prospectus with ASIC for the issue of 26,000,000 shares at $0.25 each to raise a total of $6,500,000 before costs.


Uranium King is a uranium exploration company established to acquire, explore and develop uranium projects within the United States of America.

* EXISTING RESOURCES IN PROVEN URANIUM BELT
The two main projects in Uranium King, the Rio Puerco project in New Mexico and the Lowboy/Apex project in Nevada have existing JORC inferred resources totalling 6.1 million pounds (2.8 million kilograms).
* POTENTIAL TO INCREASE THE EXISTING RESOURCES
The Uranium King technical eam is highly experienced with excellent local knowledge. The company intends to leverage this experience into a significant expansion of resources by the acquisition of new uranium targets as well as further exploration of the existing projects.
* PROJECTS ARE LOCATED IN A PRO MINING JURISDICTION WHICH SUPPORTS THE EXPLORATION AND MINING OF URANIUM
The United States both encourages and supports the exploration and development of uranium assets.
* THE URANIUM PRICE HAS INCREASED FROM US$10 PER POUND TO OVER US$47 PER POUND IN THE LAST TWO YEARS.
The price increase in uranium has been driven by growing demand as the world focuses on alternative energy sources to oil and coal and the reduction of greenhouse gas emissions.
* EXPERIENCED, PRO-ACTIVE BOARD
The Uranium King Board has a blend of exploration, development, and resource management skills to ensure the cost-effective exploitation of the existing project base. Members of the Board have a track record of exploration success and creating value for shareholders.

more dd at

http://www.uraniumking.com/why.html