I guess I'm moderately positive here due to a small article about looking at Jabiluka alternatives to another huge hole in the groud.
Assuming demand is present of course, Jabiluka is $8 to $10 per share by itself [note most brokers ascribe a 25% chance of this as success in their fair value price, so $2 to $3 as part of fair value].
The huge hole in ground and associated mess would have to be one solid negative for the Mirrar - and we have to be realistic and note that the Mirrar aren't even at the table on Jabiluka really - but if ERA can at least provide some more palatable options such as they are doing now with Deeps, there is a chance that discussions could start up.
SP impact would be huge.
ERA Price at posting:
$1.37 Sentiment: LT Buy Disclosure: Held
