whats the best prospect to emulate paladin/pnd

[pago]

hi,paladin,uranium explorer,with several prospects is expected to start mining langer mine in namibia by dec 06.im sure most know the extra ordinary returns in pnd,a few cents in 2003 to test $6 in 2006.brokers targets vary around $5.50/$6.given the news that cameco,in canada,announced on 24/10/06 that its cigar lake mine flooded and production rampup would be delayed beyond 2008 by another year,it seems we may see another price rise in ur and ur stocks.cigar lake mine was forecast to produce 10% of world ur demand.with this in mind im updating research on ur stocks.which of the oz stocks with good resources in oz will ever get to production,which oz stocks have good overseas resources which will produce.im interested in all comments,today the market liked eve,up 10%,i disclose i hold eve,but im looking for another pnd.cheers pago.

[laurie]

AGS :D

cheers laurie

[Gofish.]

NuPower - when it gets split out from ARU.
J/V with Laramide drilling now in NT.

[jacko]

AGS, SMM, DYL.
The key is the change in government legislation. I am sure the new emphasis on climate change will drown the "no mining of uranium for weapons lobby".

Best long term bet is SMM as the resource is huge. AGS is a good company with a solid future. Dyl with the new PDN - Namibian connection is the dark horse.

Stick with these three and you wont go far wrong.

[Harry7]

Hi All,

Exciting times for Ur in Australia. Agree, AGS & SMM but are already 'semi-mature'. The next PDN, not sure on this? But, am holding AGS/SMM for a while now

DYL - didn't they have some crooked management issues in 2005?

[skinny]

If you want the certainty of uranium production Dennison (DEN.TO) has to be number one. World's number 2 producer with a recent merger under its belt and has gone ballistic on the TSX recently, but could go a lot further yet.

On the ASX I took a small position in OMC.AX a while back, if nothing else because they expect to start production next year and thus look to be more ahead of the pack than most.

[ead83]

If i had to pick it would have to be EVE.

Holds tenements close to OMC tenements in Zambia, JORC resource of 5.5 mil lbs with further drilling underway on the surrounding tenements.
Listing 50% of its chief African entity, AER on the AIM exchange in london in November. Further plays in Malawi, Zimbabwe & Botswana.
Market Cap of only $15 million!! Current SP: 12c
In my humble opinion significantly undervalued with potentially huge upside given significant drilling results.
These are only my opinions of course, but happily holding a large number
:D

[Mick100]

The grades of those south african U explorers (EVE, OMC) are very low - 300 to 400 ppm - thats less than 1 lb per ton. They are also smallish deposits. I guess these deposits could become economic if the uranium price goes over $100/lb.

GSE has some uranium ground. From old exploration records grade looks OK - not much to go on yet though

.

[denpal]

quote:Originally posted by Mick100

The grades of those south african U explorers (EVE, OMC) are very low - 300 to 400 ppm - thats less than 1 lb per ton. They are also smallish deposits. I guess these deposits could become economic if the uranium price goes over $100/lb.

GSE has some uranium ground. From old exploration records grade looks OK - not much to go on yet though

.


Yes but OMC has confirmed low capex low opex processing is viable with 90% recovery. Also their grades are 400ppm at present on a resource that is shallow and around 14m lbs with exploration drill results still to come eg Bungua that should significantly grow the resource. As they are next door to EVE at Njame (5.5m lbs JORC to start) it is logical to use one mill to process both lots of ore. We will see.

[denpal]

It's not at all easy identifying a dead-cert early explorer that will grow from pennies into another PDN.

Invest too early and there is too much risk. With the strongly rising U price the most leverage is probably those low-grade deposits that were previously uneconomic or marginal. OMC and EVE spring to mind here, although they appeared already very viable at $US45-50/lb.

Some thought AEX was the one, but still very risky IMHO.

AGS - maybe but its not a raving bargain value-wise now.

MTN well that is a steal for pounds in the ground, but will they ever get environmental approval to mine?

EXT has potential, but again also risk at this early stage.

CMR is not a pure U play, but already has 14m lbs JORC and lots more to come from all accounts. Very little sp value currently factored in to reflect this.

ARU has a huge NT rare earths resource already, plus several large quality NT U exploration tenements, one being drilled by Laramide right now (Lagoon creek) plus they will drill another one shortly this year. They have an ARU-shareholder-only in-specie distribution into a new U company Nu power coming up early 2007. MC currently $40m is tiny.

Personally, I'm happy backing OMC/EVE/EXT/CMR/ARU but my current favourite apart from ARU is Crosshair Exploration CXX.V in Canada. Check out their website and Grandich's and others newsletters which are free to download there. Very exciting play here with heaps of drill results about due and already has a high-grade resource to build on. They are not far from the "Michelin" deposit. Grandich has all his dough in this one company and it's already been a 10-bagger from 22c to $2.20 in 4 years!!

:D

[shasta]

I'm a novice at the Aussie resource sector, but am watching SRZ, that spun off either UOG or USA?.

I think this has potential, & still cheap.

[nelehdine]

Check out LOU ... just bgt into Namibia ... very close to PDN dirt ... could go 10x easily with some good drilling results.

Disc: bgt today at 52c

[gjc]

I think we should remember that PDN have been the success they have been over the past few years because they have successfully transitioned from a Uranium "explorer" to a Uranium "producer" at a time when the Uranium price was taking off. There timing - whether through good luck or good management, it doesn't matter much - was absolutely perfect.

In order to try and find the "next PDN" we - in my opinion - need to find another "explorer" that is ready to turn "producer" ASAP, in order to actually take advantage of the high uranium price over the next two to three years, whilst Cameco's Cigar Lake mine is drying out and before other planned new mines internationally come on line.

Whilst "explorers" that are discovering more and more uranium in the ground over the next few years will certainly see "healthy" improvements in their SP thanks to the currently high Uranium price, if they want to see "PDN style" improvements in the SP then they - in my opinion - need to actually get that Uranium out of the ground and off to market. And they need to be able to do this quickly, say over the next three years, before global supply finally starts catching up with demand.

Getting a mine approved, built and into production typically takes years, so we need to look for "explorers" that are more advanced along the road to becoming "producers" right now in order to take advantage of the unique supply and demand situation that we have in place right now that is fuelling the uranium price fire.

One Australian "exploration" company that fills this bill is URA who have a joint venture in place in The Ukraine that will see them become a "producer" and actually start digging Uranium out of the ground there as early as July next year. This puts them well ahead - time wise - of most other Uranium "explorers" out there, and makes them well worth checking out.

A very similar story is playing out with Zinc right now as well, and another Australian "exploration" company that is due turn "producer" in July next year is AIM, thanks to a good decision by the board to "fast track" their Zinc mine in Africa. Again, this puts them ahead of many other Zinc mines coming on line globally over the coming years, and makes then worth checking out.

Anyway, that's my two cents and two picks on this interesting thread, and yes, I hold both, so please feel free to consider this view biased if you wish. Although, the reason I hold both is based purely upon the thinking outlined above.:)

[pago]

hi,looking for the next pnd is a bit like searching for the holy grail.im sure its out there or will be.been in/out of mtn,ags,etc.ags and gir both have ur.but both are subject to the whim of heathgate,who call the shots,timing etc and im sure when? they want the resource will take out the 25%.as i understand the oz policy,oz has hugh ur resources that cant be mined.it is permitted in nt,northern territory,and south australia.mining ur is not permitted in wa nor queensland.given this its no surprise investors are looking elsewhere.hi skinny,i would appreciate a few links to canada ur sites,cheers pago.

[denpal]

quote:Originally posted by pago

hi,looking for the next pnd is a bit like searching for the holy grail.im sure its out there or will be.been in/out of mtn,ags,etc.ags and gir both have ur.but both are subject to the whim of heathgate,who call the shots,timing etc and im sure when? they want the resource will take out the 25%.as i understand the oz policy,oz has hugh ur resources that cant be mined.it is permitted in nt,northern territory,and south australia.mining ur is not permitted in wa nor queensland.given this its no surprise investors are looking elsewhere.hi skinny,i would appreciate a few links to canada ur sites,cheers pago.


Pago this site is a Canadian must-read, lots of very valuable U info here including Sprott's U analysts: http://www.stockinterview.com/

This is Grandich's latest on Crosshair: http://www.crosshairexploration.com/i/pdf/GL_10-05-06_cxx.pdf

and this:
http://www.crosshairexploration.com/i/pdf/GL_05-15-06.pdf

[pago]

hi den, thanks.market may correct down for a while,but ur has upside,will look more at canada,cheers pago,

[laurie]

No one thinks Deep Yellow has anything!!

cheers laurie

[nelehdine]

DYL have so many darned shares on issue ... that's what puts me off them.

[nelehdine]

Just checked DYL have a whopping 652m shares on issue ...

[laurie]

And PDN has 7.56% of DYL [?]

cheers laurie

[gjc]

URA (see my earlier post on this thread) is up 100% in just over a week! One might call that a PDN-like performance? And in my opinion there is much more to come!!

Regards, GJC.