Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
The ALTEX-Australia Uranium Index is Australia’s leading Uranium share price index. The Australian Uranium Index tracks the performance of all companies listed on the Australian Stock Exchange that have a primary focus on the exploration and production of Uranium. Fact Sheet
Green Senate? Or Global trend?
Extract Resources could easily be labeled the magic pudding for its early investors. Those of us that have been in it over the last 5 years plus have seen 50x gains and EXT seems to be on a roll again with their announcement of a finding more uranium in the Hsuab project area.
Be bold… buy and HOLD!
AEE Investor presentation.
Australian Shares company summaries:
In order of resource size
EXT
ERA
AEE
GGG
BMN
Australian Shares company discussion/posts
EXTRACT RESOURCES ASX: EXT
Energy Resources Australia ASX: ERA
Aura Energy ASX: AEE
Greenland Energy and Minerals ASX: GGG
Interesting article entitled: “Treaties Committee Report on Australia US uranium exports”
“The US is our largest uranium customer and one of the reasons for that is that peak uranium in the US occurred some time ago. The United States had extensive uranium mining, caused an extraordinary amount of harm, particularly in the south-west, and worked out many of their deposits, and now they are our largest uranium customer. The agreement that has just gone through the Joint Standing Committee on Treaties which we are discussing tonight locks us into a 30-year treaty arrangement with the United States on these exports.”
(Personally I would rather that this treaty had NOT been signed… The USA seems to be a financial cot case and Australia’s long term interests may not have been well served in this instance… I think that Rudd is an ever present danger… his recent guarantee of Rare Earth Elements supplies to Japan shows that he is more than capable of over-reaching )
The announcement of the EXT – RIO tie up to develop what will become one of the world’s largest uranium mines comes as a great relief to me. I admit to being worried that EXT would be forced to either sell the deposit/project or take on an overseas partner and that we would lose them from our Australian ASX.
As can be seen from the chart above this would have left a gaping hole in Australia’s uranium index and my portfolio. I am very fond of EXT and having been in it for a very long time (8 years) it has given me almost impossibly large profits….. The way forward now looks a lot clearer and I look forward to a massive revenue stream in the years to come.
I wonder which ASX listed Uranium play will be next to get “married”… My guess is Aura ASX: AEE represents such amazingly good value it will either do a JV or get swallowed…. If you have read through AEE’s announcements and the surrounding commentary you’d have to think that AEE’s current JORC and probable 1billion pounds of uranium would be mightily attractive…
Husab mine gets ‘green’ thumbs-up from Govt
EXTRACT Resources has received Government’s environmental stamp of approval for its Husab uranium project, paving the way for the development of the fifth-largest uranium-only deposit in the world.
The rate of production would rank the Husab mine as the second-largest uranium mine in the world, based on production.
BEIJING (Metal-Pages) 01-Dec-2010. China’s nuclear industry will be vulnerable unless the government starts purchasing and stockpiling nuclear grade zirconium and offers support to domestic producers, China’s zirconium industry players warn.
If China fails to build up strategic stockpiles and support domestic zirconium producers through measures such as reduced taxation, the country risks having to rely excessively on imports, which would have serious consequences for its nuclear sector.
Australia has several Zirconium deposits and has several plays worth looking at…
These include Australia’s second largest Zirconium holder ATR and Australia’s Alkane Resources with potential for a 200 year mine life.
ASX Companies with more than 500,000 t Zircon resource
AEE has risen nicely over the last few months but with their likely 1b pounds of contained uranium they have a long way to go before they equal EXT or PDN’s mkt cap: resources ratios…
Today’s chart
Behind Dimona’s (Israel’s Nuclear facility) barbed wire, the experts say, Israel has spun nuclear centrifuges virtually identical to Iran’s at Natanz, where Iranian scientists are struggling to enrich uranium. They say Dimona tested the effectiveness of the Stuxnet computer worm, a destructive program that appears to have wiped out roughly a fifth of Iran’s nuclear centrifuges and helped delay, though not destroy, Tehran’s ability to make its first nuclear arms. http://www.nytimes.com/2011/01/16/world/middleeast/16stuxnet.html?pagewanted=1
