ABN Amro believes the Labor vote - which frees the state...

ABN Amro believes the Labor vote - which frees the state governments that are responsible for mining approvals from the old national party policy prohibiting new uranium mines - will lead to further share-price hikes and a round of consolidation in the sector.

"We believe companies with uranium exposure in South Australia and Queensland will be best placed to take advantage of a potential change in the Labor policy in the short term," it said.

ABN analyst Warren Edney said the share prices of explorers focusing on Western Australia would benefit most, because the goodwill had already been factored-in elsewhere.

"Potentially one of the best to take advantage will be Nova Energy," he said.

"Rio's Kintire deposit is also well advanced.

"I think if there is a change of mind it will be the deposits in WA that get fast-tracked."

I would have thought having a deposit in WA would be a negative - sp jumped 40 cents on open and is about 7% up at the moment. Could be the drilling in Namibia, or the fact we are in a u mania. I think all u stocks will go up, just a question of how far and which are fastest. Good luck all.