From Rio's Stakeholders report: Accouncement date - 27 April 2007 http://www.riotinto.com/documents/RTEA_SDreport_2006.pdf
With regard to RTEA (RioTinto Energy America) ... An exciting prospect is the possible development of the Green Mountain uranium mine and recommissioning of the Sweetwater processing mill, which we have owned since 1993 and until the recent strengthening of the uranium price, were looking to sell. During 2007 we will conduct studies that will help establish the current value of the operation to help us decide whether we should proceed with a full feasibility study or go ahead with the sale of the property.
"Recommissioning?" So I might be wrong here, but the Mill down the road from BLR's block isn't presently operational? I think I must have missed that little chesnut in the past.
However, I like the idea that the likes of BLR might get together with RTEA to make the recommisioning a feasible proposition.
BLR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
