The Rum Jungle uranium mine is the birthplace of Australian...

The Rum Jungle uranium mine is the birthplace of Australian Uranium mining.From 1954 until 1971 it produced over 3500 tonnes at .43%.In todays figures that equates to half a Billion dollars using a $60 uranium price.

Rum Jungle uranium complex extends over a 7km strike lenth and is open at depth.Glengarry are about to start a busy exploration schedule which will should see RJ return to uranium producer.This deposit is probably one of best located in Australia being only a couple of hours south of Darwin by sealed highway.

The coming takeover by Kagara Zinc will see the Rum Jungle uranium/gold asset and the other quality exploration projects fall into the hands of GGY shareholders which allows Kagara to nab the Maitland Copper prize.This will of course include a royalty component for the new GGY.

Exciting times ahead and as we saw yesterday a move has commenced.There is very few companies at this market cap and cash position with so much upside.20c is not that far away.