There must be an enormous amount of pressure building on the Bligh Government to allow uranium mining in Queensland. They a potentially missing out on a huge windfall in cash royalties generated from uranium mining, just at a time where Uranium is one resource that is about to turn the corner.
The new LNP party will most likely go into this election the favourites, and the good thing is, they are for uranium mining.
As far RMG goes, Imo they are well positioned to benefit substancially when the uranium ban gets lifted. They hold nine licenses in Queensland that make up an area of 2335km2 that is enriched in Vanadium, Molybdenum and Uranium that indicate considerable potential for economic ore reserves within the springvale project tenements.
The detailed gravity survey will be completed in the first quarter of 2009.
As far as Mt Coffins Diamond Jubilee drilling results, can anyone enlighten me on the quality of these drill results, as I am not too familiar with copper grades.
DJR-2 3m @ 4200 Cu ppm
DJR-3 2m @ 4770 Cu ppm
DJR-4 2m @ 13975 Cu ppm
DJR-7 11m @ 10306 Cu ppm
DJR-8 20m @ 8699 Cu ppm
DJR-12 6m @ 13025 Cu ppm
Djr-13 3m @ 8283 Cu ppm
Cheers NK
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