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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (9475)	5/7/2005 7:10:25 PM
From: Crossy	Read Replies (1) \| Respond to of 37387

David, well ERA (Energy Resources of Australia), another Uranium procuer has similar ore grades as Aflease has.. yet ERA's valuation is similar on a reserve base to CCJ (about 40kg Uranium per USD unit of marketcap) rgrs CROSSY

To: Taikun who wrote (9475)	5/14/2005 7:16:50 AM
From: Crossy	Read Replies (2) \| Respond to of 37387

re: OMC.AX (OmegaCorp) A$0.67 - Uranium in Africa Omegacorp (OMC.AX) is listd in Sidney, ASX under the ticker code "OMC" finance.yahoo.com This is another unknown Uranium Junior active in Africa but publicly listed and I rather well financed. Omegacorp - ticker OMC.AX, traded in Sidney, A$0.62, 17m shares are out fully diluted, marketcap US$ 10m majority owned by mining financier Ian Middlemas (Anzoil etc..). I learned about them from a press release on an Aussie mining related site. All info available here (ASX in Sidney has an SEC/Edgar like repository section) asx.com.au They are solidly financed (A$3.5m cash in the bank) and just obtained 4 African uranium permits already. On all of them extensive investments by former holders (>$100m capex) was conducted. So these concessions classify as "brownfields" or at least "late stage" exploration plays, which should enable OMC.AX to materially capitalize on exploration borne by themselves. The Projects are in Tanzania, Zambia, Zimbawe, maybe more different countries in the future. All are "Karroo sandstone" type of projects, possibly enabling cheap and rather enviro-friendly ISL (In-Situ leaching) operations to be built. These concessions were formerly held by heavyweights like AGIP, UEB (Uranerzbergbau of Germany), South African Energy company.... for sandstone properties their grades up to 1% are very high. I'm pretty hot on their prospects. New website promised as soon as their Uranium land package will be completed.. Their current prospects already show 3500t of inferred resources just from extensive drilling on one former site alone. Well there are 3 more exploration sites available to them currently. The resource ratio puts them at 400 kg Uran per USD of marketcap which is very good plus you have to add all upside from resource certification activities to be conducted soon. I like African centric firms and what I like best are brownfield projects there. Must be a lot of good prospects for almost peanuts available. Even talked to their geologist (Executive Director) recently - Matthew Yates great guy and very staightforward... no pumping intended, they want to talk with verifyable results. Apart from the Uranium properties, OMC also owns a heavy mineral sands exploration license (Rutile, Zircone) in Tanzania. Object there is to extract Ti-O2 (Titanium Dioxide) and reportedly some bellwether firms are looking to joing this project Marketcap of $10m is very nice (low and rather unhyped). Beats a lot of these US based and Canadian firms handily... My concept here was like this: Zimbawe mine has around 3000t Uranium (by non JORC compliant resource description). The other mines say 1000-2000t (the majors didn't look at anything smaller those days), makes altogether almost 5000-10000t of possible resources in the ground. This would lift the ratio to north of 1000 kg Uranium per Unit of marketcap.. and JORC compliant results at the end of year envisaged, maybe sooner. If all these events materialize, we could have another Paladin Resources (PDN.AX) in front of us. That company recorded a 10bagger on succesful reopening of a Namibian former U-mine called "Langer Heinrich" and the delineation of a brownfield mine in Malawi. Best is, PDN.AX hasn't even started production yet but is already valued at around 200 kg Uranium per USD unit of marketcap, suggesting a possible 5-bagger for OMC.AX on a succesful exploration campaign alone. A succesful mining operation start should be good for another 3-4 bagger on top of that but all this potential is of course affected by dilutive financings necessary to pull something like that off.. best rgrds CROSSY

To: Taikun who wrote (9475)	5/29/2005 7:59:17 AM
From: Crossy	Read Replies (2) \| Respond to of 37387

re: OMC.AX - Omegacorp (Sidney, ASX) - A$0.87 News out - another brownfield project in Mozambique being gobbled up.. This time a HIGH GRADE deposit - the MAVUZI mine, up to 8% grades were recorded on historic mining activities there.. Looks like Mr. Yates and his team will enjoy a busy 2005 schedule for delineation drilling and resource verification on all their sites acquired IMHO this appears to be a more exciting Uranium play to me than many of the Canadian listed stocks at the moment... It's a "stealth stock", because you have to go extra lengths to obtain info - partially becuase they are assembling properties in Africa. Not many foreigners (non Aussies) hold it and it's solidly financed by a famed enterpreneurial mining financier, Ian Middlemas. OmegaCorp acquires historic uranium mine in Mozambique 15:02, Thursday, 26 May 2005 Sydney - Thursday - May 26: (RWE Australian Business News) - OmegaCorp Ltd (OMC) has been granted a licence by the Mozambique Ministerio Dos Recursos Minerais E Energia covering the historic high-grade Mavuzi uranium mine in northwestern Mozambique. Mavuzi was discovered in 1947 and is reported to have been in production until 1967. It is located 40 kilometres northwest of Tete in Mozambique, only 300 kilometres east of OmegaCorp's Zambezi Valley Project. Production from the mine and surrounding area totalled about 40 tonnes U3O8 between 1947 and 1955. It is reported that the uranium mineralisation was exploited from narrow, high-grade veins within a shear zone. Values reported from surface sampling prior to mining indicated results of up to 80kg/tonne (8pc) U3O8. The shear zone was mapped over a distance of 7 kilometres and reported disseminated uranium mineralisation throughout the shear zone. Potential therefore exists for both high-grade vein mineralisation and disseminated mineralisation within the shear zone. The licence area and two further applications cover more than 560 square kilometres of the Tete Complex – a gabbro anorthosite, which has had a history of mining and exploration for many different commodities that include copper, nickel, molybdenum, cobalt and platinum group elements (PGEs). The company's consultant geologists are heading to site to commence field mapping, sampling and gridding as a prelude to drill testing in the third quarter of the year. Shares in OmegaCorp today rose 6c to 90c. Detailed ASX release is here: asx.com.au rgrds CROSSY