Thundelarra Exploration shares have continued their surge higher again today after investors lapped up promising drill results from its Pine Creek project in the Northern Territory.
The shares had gained a further five cents, or 9.71 per cent, to 56.5 cents by 10.30am after hitting an earlier peak of 60.5 cents.
Yesterday, Thundelarra enthusiasts pushed the stock as much as 34 per cent higher to 59¢ before it closed up 7.5¢, or 17 per cent, at 51.5¢ - its highest close since May last year.
A week ago Thundelarra's shares were trading at 29¢ before Friday's announcement of some stunning intercepts at its Thunderball project sent the stock soaring.
The Perth junior is now worth more than $75 million.
The most recent hits at Thunderball, which Thundelarra discovered a year ago, included 15m at 1.5 per cent U{-3}O{-8} (including 1m at 20.3 per cent U{-3}O{-8}) and 4.5 m at 11 per cent U{-3}O{-8} .
The assay results from the four reverse-cycle drilling holes, drilling also suggest that mineralisation remains open at depth.
http://au.news.yahoo.com/thewest/business/a/-/wa/6110503/nuclear-lift-for-thundelarra/
Thundelarra has already claimed the intercepts are among the highest ever recorded in Australia and highlight the potential of its Pine Creek project.
Uranium is fast regaining its status as one of investors' favourite minerals, despite the spot price for the nuclear fuel only $US42 a pound compared to more tan $US130/lb two years ago.
However, long-term supply deals are reportedly being signed at $US70/lb.
Importantly for the juniors and their investors, the uranium sector's fundamentals remain solid, given the growth of nuclear power around the world at a time of increased scrutiny on carbon-emitting electricity generation.
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