read last paragraph...., page-4

re: <---------------chomp :) ao HEY AO......DID YOU READ LAST NIGHT's REPORT ?

PDN SAU HMR has been mentioned by Federal Resources Minister Ian Macfarlane.

Research Report Predicts Strong Uranium Growth


Resource Capital Research (RCR), an equity research company which focuses on small resource companies, yesterday launched a major quarterly research report covering 20 global uranium exploration and development companies with a focus on Australia, Canada and the USA. Over 120 junior and mid cap explorers and development companies are identified with a total market capital exceeding US$4.2 billion.

RCR provides investors with in-depth reports on current investment opportunities in the mining sector both in Australia and globally.

The report reviews companies active in established uranium districts globally, including the Gawler Craton (Olympic Dam Uranium Mine) and the Frome Embayement (Beverley and Honeymoon) in South Australia, Arnheim (Ranger, Jabiluka) to Westmoreland in northern Australia, the Athabasca Basin in Canada (McClean Lake, McArthur River), the Great Divide Basin in Wyoming, USA and the Damara Orogen, Namibia (Rossing, Langer Heinrich).

The report’s author, John Wilson, stated: “After nearly 25 years in the doldrums, the uranium industry is undergoing a major resurgence worldwide with uranium exploration and property acquisition at a high level. The share prices of companies, many of them newly formed, with uranium assets have moved sharply upwards.”

Among the explorers, a common strategy to reduce risk is to explore in the vicinity of known deposits. To this end, in Australia, companies are exploring for palaeochannel style uranium mineralisation in the vicinity of Beverley Uranium Mine and Honeymoon in the Frome Embayement, South Australia.

Companies targeting favourable geologic features include those drilling for Iron-Oxide Copper-Gold- Uranium targets in the Gawler Craton, South Australia (Redport, PepinNini Minerals, Southern Gold and Hindmarsh Resources).

Companies with drill campaigns in the third quarter this year include Paladin Resources, Pepinnini Minerals, Southern Gold, Hindmarsh Resources, Bannerman Resources, Redport and Giralia Resources.

Almost 20 years have elapsed since the end of the last uranium exploration boom. In that time there have been many technological improvements that impact directly on the methodology of uranium exploration. Some of the key developments include the use of multi element chemical analysis, aerial gamma ray, aerial magnetic mapping, hyperspectral mapping, gradient gravity and electromagnetic surveying.

Demand for uranium is forecast to outstrip supply for at least the next ten years, driven by end users in the power generation market urgently trying to secure future supply. Much of the new demand for uranium will come from expanding nuclear power requirements of developing economies, with 130 new reactors expected over the next 15 years (IAEA), representing nearly a 30% increase in reactor numbers globally.

Australia is scrapping the ban on uranium exports to China. Ian Macfarlane, Federal Resources Minister will allow new uranium mines in the NT, and has urged the governments of Western Australia and Queensland to review bans on uranium mining.

“It is expected that there will be an expansion of uranium resources from new discoveries and the upgrade of historic resources over the next few years driven by investment funding, innovative exploration techniques against a background of new political support of mining opportunities in the USA and Australia to respond to increased international demand from nuclear power generators,” Mr Wilson said

Sounds good to me....:)))))