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 : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: seriousinvestor who wrote (25806)	11/17/2006 11:45:29 PM
From: TheSlowLane	Respond to of 78416

They have gold exposure through Aflease: "While Uranium One will maintain a uranium focus, it has created a separate, publicly-listed gold vehicle, Aflease Gold, controlled by Uranium One to hold the Corporation’s East Rand assets and which is in a position to consolidate additional promising assets in the East Rand goldfield. Aflease Gold, while majority-owned by Uranium One, has a separate operational management team. The company combines the former pure gold East Rand assets of Aflease, including the Modder East project and related properties, with the gold assets of Sub Nigel. This gives the company an asset base and critical mass sufficient to support its own public listing and subsequent capital raising and acquisition activity. The Aflease Gold strategy will not affect Uranium One’s operations at Bonanza South and Dominion, nor its ownership of these assets. Because of their location adjacent to each other and of the planned sharing of certain infrastructure, these assets will continue to be wholly-owned by Uranium One. Uranium One anticipates completing the acquisition of the Weltevreden gold mine from AngloGold Ashanti in 2006, after which a decision will be taken on whether or not these assets should be sold to Aflease Gold. This decision will depend, in part, on an assessment of the uranium potential, if any, at Weltevreden." I cannot comment on the quality of their gold operations, however...