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Gold/Mining/Energy : Uranium Stocks
URNM 69.70+2.5%Jan 16 4:00 PM EST
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To: UPTICK who wrote (13522)6/8/2008 11:14:38 AM
From: TheSlowLane  Read Replies (1) of 30333
 
uptick - I spoke to G. Glasier about two months ago or so. At that time he still thought that they would have their final permits for Whirlwind by May, but that has gotten pushed back now until July. There are about seven employees working in the mine full time and it is ready to go, but they need the final permits and a milling agreement in place before they will put the pedal to the metal. They have been in ongoing discussions with Denison and GG said that they have an agreement in principle on terms that make sense for both parties but nothing has been signed yet. So they could be starting production this summer assuming both of those things happen, but there are no guarantees. They are proceeding with the plans for their own mill but that will take at least 3 years, is my guess and that's if everything goes smoothly, which might be a stretch.

Cheers,
tsl
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