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Gold/Mining/Energy : Uranium Stocks
URNM 60.08+4.1%4:00 PM EST

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To: TheSlowLane who wrote (9596)3/30/2007 3:04:48 PM
From: AuBug   of 30198
 
It seems South Africa is posed to ramp up yellowcake production rapidly.

"There were once 22 [uranium] mills in South Africa. We think there's potential within our borders," he said. Gold Fields was also considering entering a joint venture to mine uranium at its old Oryx mine.

First Uranium has 280 million pounds in uranium resources and 37 million oz in gold at its Ezulwini and Buffelsfontein assets in South Africa. Life of mine output from its assets would be 1.53 million pounds of uranium/year and 375,000 oz of gold/year.


miningmx.com
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