watch closely

interest going to build 10mil shares in NTU. NTU looking at another up day. Areva looking for Uranium oportunities.


old article

And it is AREVA that is pushing very hard for access to the rich Koongarra uranium deposit in the Northern Territory. This obscure anecdote illustrates an important reality - like it or not, Australia is already at the centre of the new global nuclear debate. Australia has no nuclear power industry, nor apparent nuclear aspirations. But with 40 per cent of the world's uranium deposits, Australia stands to play a decisive role in the expansion of nuclear power generation worldwide. The Federal Government's declaration that is has seized control of uranium mining in the Northern Territory, and that the Territory is open for business, puts AREVA and prospective Asian buyers a step closer to new uranium supplies.

As far as I understand Koongara is a no go so they will be looking to secure other oportunities.