uranium potential will emerge

  1. 4,030 Posts.
    THR's uranium potential will be recognised as the uranium prices move upwards whilst THR moves actively on exploration of Harts Range.

    Cameco of Canada stated yesterday that the world's richest uranium deposit at Cigar lake, originally scheduled to produce 18 million pounds of U3O8 pa has suffered further delays, and cannot commence before 2011 "at the earliest". Uranium prices are already moving upwards as evidenced by futures contracts moving above $US100 per pound.

    THR has already reported samples at Harts Range yielding 9% U3O8. With U3O8 now almost $A200,000 per tonne, every 1% is worth $A2,000 in the ground.

    THR is set to be an emerging uranium stock very quickly.C
 
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