Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (3967)	11/11/2006 12:04:55 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 30229

Good article, thanks. I thought that the comments from Jim Rogers were odd. Whenever he talks about the commdities that he likes, I believe he points out that prices are NOT at all-time highs on an inflation-adjusted basis. Not sure why that qualifier would not also apply to uranium. Maybe he figures that it would be preferable for the money going in to metals and commodities be directed at the stuff that he already owns.

To: rubbersoul who wrote (3967)	11/12/2006 2:42:24 PM
From: siempre33	Respond to of 30229

A kilogram of uranium oxide concentrate (U3O8, sometimes called yellowcake) has potentially the same energy content as 17 tonnes of Collie coal... griffincoal.com.au colliecoal.com

To: rubbersoul who wrote (3967)	11/13/2006 4:33:43 AM
From: siempre33	Respond to of 30229

Uranium price up to $61 on supply concerns.... stockinterview.com

To: rubbersoul who wrote (3967)	12/10/2006 9:39:33 PM
From: siempre33	Read Replies (1) \| Respond to of 30229

Speaking of Summit ~SRCSF/SMM.AX~ Miner steps up drilling By Melanie Christiansen December 08, 2006 11:00pm THE mining company with the largest uranium resource in Queensland has increased exploration drilling, amid heightened expectations the State Government will drop its ban on uranium mining next year. Summit Resources managing director Alan Eggers said the company had stepped up activity at eight drilling sites around Mount Isa in the last few months. "We have doubled our activity," he said. "We have escalated the drilling and we are now spending about $1 million a month." Mr Eggers said Summit Mining was encouraged by Queensland Premier Peter Beattie's promise to allow uranium mining, if Labor's national conference next April drops its opposition to any new mines. He said the company wanted to demonstrate the potential value of its resource in Queensland ahead of Labor's debate on uranium policy. "Our drilling has indicated that we have a world class resource that will be one of the world's Top 10 uranium mines," Mr Eggers said. "I think the Queensland public and the Premier need to know that so they can make sensible decisions about these things." Stockbrokers Daiwa Securities has predicted Queensland will be the next State to allow uranium mining. "Queensland is likely to relax the laws a little bit quicker than Western Australia," Daiwa Securities resources head Mark Pervan said. "I think it will probably happen in the first quarter of next year." He said pressure was building on the Queensland Government to allow uranium mining, because of its potential to earn billions of dollars in export income as well as concerns about global warming. "I think certainly it will become an increasingly attractive proposition for the Queensland Government," Mr Pervan said. Queensland Resources Council chief executive Michael Roche said the state had two or three of Australia's most promising uranium deposits, led by Summit Resources' holdings. He said while other Queensland miners including Laramide Resources had also increased uranium exploration, the full value of the state's deposits remained unclear. "Because the current policy is against uranium mining in Queensland, the willingness to spend a lot of money on exploration has been constrained," Mr Roche said. "The true potential of uranium mining in Queensland is not yet known and probably won't be known until the policy is changed." news.com.au