Uranium spot price; US$120/pound - climbs to all-time Record Highs -
Market Commentary: 05-May-07
In a wait and see phase before NYMEX futures trading starts
on Monday, uranium sellers continue to stretch speculation
to the limit prompting TradeTech to increase the spot
price rise in uranium to US$120 a pound.
The White Mesa Mill - The White Mesa mill is a fully licensed
uranium producer mill with a vanadium co-product recovery
circuit -
It is located in rural southeastern Utah, near the town
of Blanding in San Juan County - Access is by state highway -
RSDS - the Rage Mine claims etc. are within short trucking distance -
The U308-Mesa mill has been in operation for over 25 years since
its startup in 1980 and is owned by Denision Mines, DNN -
who looking for more Uranium and Vanadium Ore -
According to Nuclear Market Review (NMR), published by
TradeTech, one of two companies that sets the uranium spot,
"Market participants are awaiting with great curiosity the
debut of NYMEX uranium futures trading," Klingbiel wrote.
Sellers are wary of committing to sales based on
market-related pricing without a 'clear understanding of
whether the financially settled futures contract would reflect
in the physical market."
Cameco failed to recognize risks at Cigar Lake: Report
Cameco Corp. "failed to fully appreciate the degree of risk"
of working in less than ideal conditions at Cigar Lake, Sask.,
says a report on the ground fall and flooding that shut down
the company's major uranium mine last year.
The independent report, released today by Cameco, outlined
a series of mishaps, errors and events leading up to the
flooding, which is expected to keep the mine out of
commission until about 2010.
RSDS - Updated Claims area map -
I was able to determine the Rage Claims relative location
which are a fairly large group of the claims.
This map is unofficial and has not been approved by
the company yet. I believe I am zeroing in though.
The map should give everyone a relatively reasonable look
at the area that many of the claims are in.
by Loofman thanks for the RSDS info;
Imo. Tia.
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