omc, page-8

re: omc move will be swift..jam My post from Sharescene................
...The U is very high grade compaRed to say AEX grades. Not only is it good grade but low cost mining to achieve better margins. You will see grades measured in PPM when you see drill results mentioned. 500ppm = 1 pound of U308. 250 PPM =1/2 pound U and so on......

go to asx.com.au and read some of the announcements on OMC
Have a look at their projects as they have 4....all with very good potential resource and grades as high as 8%kg/t


EXT is a high risk one at the moment ,with so many shares on issue(800 million) , no money and still in drilling stage. No indication of reserves....could be 2010 b4 we see any production.
OMC will be producers by end of 2007

OMC have good cash reserves of 14 million which is a bonus and good to see institutional investors in at 52c for the capital raising, shows confidence considering the current shareprice.
One other thing I believe is that management ar crutial, they need a good track record and good contacts in the industry.OMC have all this

Take AEX even though it is cheap and has 5 times the shares on issue they have no experience. This will most definately see delays in progress as they will require much advise and guidance

Overall OMC would be a better punt based on fastracking to early production that the others...this is key reason to keep an eye on OMC as it gets closer to production. Also if institutions are buying into OMC there is confidence in the directors ability. I f you look at the current directors they are held in high regard within the industry.

We also have to accept that all U stocks are a risk and consider this ....of all the would be explorers chasing the yelloW cake...there are but a handfull actually producing the stuff....so the key is , find the companies that are getting close to production(I understand this to be less than 5% of U companies) and buy ....hence the reason why im into OMC


There are also a couple of U companies im watching in australia one being DYL Deep Yellow but as we all know Australias U mining policy will not allow production....if the federal government change direction towards U mining then we are seriously in the money because australia have over 40% of the total world uranium deposits......this is pure pie in the sky and if you own stocks in australia controlled by the anti U brigade then you could have your money tied up for many years .....However a change in govt and policy could make a few holders very rich.....In summary Africa is the place to be for U at the moment...just look at Rio Tinto BHP .PDN ,AEX,EXT,OMC,EVE AND so on....

hope this helps

Cheers Jam