Sorry to be a pest & interupt the discussion on the WHE...

Sorry to be a pest & interupt the discussion on the WHE thread!!!

;-)

But below is a writeup from RESOURCESTOCKS that holders might like to read

Cheers



THE strategy of WildHorse Energy is straightforward: to explore and develop uranium assets in countries that are pro-mine development and experiencing growing demand for supplies of uranium. By Wally Graham - RESOURCESTOCKS*

Wildhorse managing director Richard Pearce

The demand for uranium is driven by the needs of the nuclear power industry worldwide, which in turn is driven by the demand for electricity by industry and consumers. WildHorse Energy considers nuclear power will be a crucial component of baseload electricity generation in developed and developing nations for decades to come.

Uranium has risen in reputation as countries look to revise their long-term energy strategies in order to address the issue of global warming.

As new nuclear power stations are planned and built, and older ones are re-licensed and refurbished to enable countries to hit these greenhouse gas emission targets, demand for uranium has the potential to outstrip supply by the end of the decade.

"When we started the company we took the position that we were going to focus on relatively localised supply to the two largest markets for uranium in the world, namely Europe and the USA," WildHorse Energy managing director Richard Pearce told RESOURCESTOCKS.

"I think it is fair to say now in both those regions, politically the desire to expand nuclear power is very strong.

"Secondly linked to that is the desire to obtain at least part of that supply of that uranium going into their nuclear power plants from local sources.

"Europe and USA are the largest growth markets. In India and China, even if you look forward 20 to 30 years from now, those markets will still be smaller than the markets of Europe and the USA.

"So for us, those markets are critical and pivotal to be involved in."

WildHorse has two projects in the Great Divide Basin within the Continental Divide in Wyoming, USA – the Bison Basin Project and the Sweetwater project; and four projects in the Western Mecsek mountains of southern Hungary – the Pécs, Dinnyerberki and Bátászék projects and the potentially large Máriakéménd deposit. The company has scoping studies planned for the Bison Basin, Sweetwater and Pécs in the second half of this year.

The Bison Basin Project was developed in the early 1980s as an in situ recovery (ISR) mine; the project produced some 60,000 pounds of uranium. Historical estimates at the project claim mineralisation present to be 10 million pounds of uranium with the potential of 20 million pounds.

"We are at the stage now of working on a JORC compliant resource and that will be finished, target phase, by July this year," Pearce said.

"Bison Basin is a critical starting point and over the next six months we will possibly want to add to that with the target here being between 10–15 million pounds of uranium."

The Sweetwater Project was explored in the 1970s and 1980s with over 65,000 holes drilled, identifying mineralisation and operated as an openpit mine. The project is adjacent to Rio Tinto's Sweetwater Mill, which is the largest uranium mill in the US. From February 1981 to April 1983, the mill produced a total of 1,292,000 pounds of U3O8 from a total of 2,340,535 tonnes of ore at a reported recovery rate of 90%.

"We are drilling there but, unlike at Bison Basin where we own all the data, at Sweetwater the data is owned by Rio Tinto," Pearce said.

"Rio Tinto recently announced its intention to reopen the Sweetwater plant and is reviewing opportunities to supply the processing plant from the local area.

"WildHorse's ground is the closest to the mill, not otherwise owned by Rio Tinto, so we are in a drilling program there to confirm what we have."