Does anyone know how much uranium is in Novokonstantinovsk?
"The long-term uranium production plan envisages an almost five-fold increase in 2020 with the approval of the Novokonstantinovsk uranium field project," he said. Improving the Novokonstantinovsk field project could mean a 520% increase in production, which will meet Ukrainian nuclear power requirements and enable uranium to be exported, he added. However, due to insufficient state budget funding, it will be necessary to raise off-budget funds." (Interfax Mar 21, 2006)
The way I read today's announcement, it looks like this project has a very good chance of being acquired too as long as Uran can put a quality consortium together.
URA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held