re: rio puerco and grants uranium belt Thought you might be...

re: rio puerco and grants uranium belt Thought you might be interested as it is very relevant:

http://www.stockinterview.com/News/04012007/April-Spot-Uranium-Price-Outlook.html


This is an extract:



One widely watched industry development is Strathmore Minerals’ exclusivity agreement with a Fortune Global 500 company. From what we understand, the due diligence is in progress regarding the development of the company’s Roca Honda project and the construction of a uranium mill in the Grants Mineral Belt of New Mexico. Also in the Grants area, independent consulting firm Behre Dolbear & Company affirmed that six properties held by Uranium Resources hold 91.7 million pounds U3O8. One of those properties is also in the Roca Honda area; all six are in the Grants Mineral Belt.

New Mexico continues to heat up as privately held Neutron Energy was issued a permit to drill five holes near Ambrosia Lake. This is the third drill permit issued over the past twelve months in the state of New Mexico. Laramide Resources recently completed drilling in the Lara Jara Mesa area, reporting encouraging results. In a March 21st news release, the company announced, “Currently Laramide is investigating options on how the (La Jara Mesa) project may be permitted and advanced to a production decision, including discussions with other parties to explore the possibility of a new, regional mill facility in the Grant's District. We believe the potential of New Mexico may be underappreciated by the market…”

To date, New Mexico has been largely ignored by investors based upon various geographical misperceptions – mostly the wide difference in sentiment between Cibola and McKinley counties in the Grants Mineral Belt. Investors have not yet realized the political climate has shifted in New Mexico.

We’ve covered uranium developments in New Mexico for the past 18 months and reported on these developments in the New Mexico Series and in a recent article.

Cheers markco2