This is a letter from Rick Mark President & CEO Pancontinental Uranium Corporation.
Dear Pancon Followers, Today, I'm sending along excerpts from a fine analytical piece looking at Uranium today. As I'm sure you are aware, uranium is ascending again and the trend appears to be very much in our favour in 2011. I selected six pages from Australian based BGF Equities report on the uranium sector. I'd like to thank them for allowing us to use their information. (see link below) I think it is clear that the addition of our REE discovery at Charley Creek
see news release dated November 1, 2010 http://panconu.com/Newsroom/NewsReleaseDetails/2010/Pancon-Reports-Rare-Earth-Heavy-Mineral-Concentrate-Results-From-Charley-Creek-Northern-Territory1123042/default.aspx)
provides shareholders a second commodity target that is also very much in favour with investors and with a real demand growth curve for 2011, and beyond.
Next week, for the first time, the Boards of Pancontinental Uranium and Crossland Mines will meet in Sydney to plan 2011 and our future. We have now earned our 50% of the Charley Creek, Chilling and Kalabity projects in Australia and our relationship is now as full Joint Venture partners. We will meet to determine how best to execute, fund and promote the development of these very large and very prospective property packages. We are all looking forward to a productive meeting; I expect it will be very beneficial to us all.
Our Australian partners have remarkable backgrounds in the uranium industry. Our properties are just beginning to be tested. I'm confident Pancon will emerge as a bigger, stronger player in these two ascending markets in 2011. Best regards,
Rick Mark President & CEO Pancontinental Uranium Corporation
To access BGF Equities Uranium Sector Analysis click here: http://panconu.com/Theme/Pancontinental/files/doc_downloads/Uranium_Report.pdf
CUX Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
