rio will be watching from rossing

Rio TInto's Rossing mine is a mere 40kms to the South of Reefton's Hakseen Uranium Project. The Rossing mine is nearing the end of its life though higher prices are making the lower grades economic to mine that may not have been budgeted on when yellowcake prices were low.

Rio Tinto will no doubt be keeping an eye on developments at Reefton. Rio's infrastructure could provide Reefton with some opportunities in the future. Bottomline is there is good potential for this U play. Just gotta ask yourself if you want to day trade it or put the baby to bed, as some very happy Paladin shareholders did a year ago. Good luck!

It is Obvious this little area is a hotspot for uranium. Go to the ASX's website and check out the map attached to Reefton's announcement last week.