the media reports are misleading if it gives the impression that...

the media reports are misleading if it gives the impression that the ranger deposit is running out; all that ERA is mining is ONLY the 3rd orebody, ranger3; there is sufficient reserves in the ranger deposit for the co to mine till 2020 when the lease expires.

another misconception is that the co still does not have the legal permits to start mining jabiluka. ERA has taken upon itself the moral duty to start mining only after native owners have obsolutely no objection. IF ERA has a new owner instead of RIO, jabiluka might start mining tomorrow!

how then can such a co be valued @ $2, $3 or $4. credit suisse need to examine the qualification of its uranium analyst!