UserAlias1
10 년 전
Uracan and UEX Begin 2015-Drilling-Campaign on-the Black-Lake-Property in the-Athabasca-Basin
Last update: 08/01/2015 9:00:12 am
TSX-V: URC
VANCOUVER, Jan. 08, 2015 /CNW/ - Uracan Resources Ltd. (TSX.V:URC) (the "Company" or "Uracan") announces that the Company and the operator UEX Corporation (TSX:UEX) ("UEX") have commenced a $455,000 diamond drilling program of approximately 1,900 metres on the Black Lake Project ("the Property"). The Property is located along the northern margin of the prolific Athabasca Basin in northern Saskatchewan.
The Black Lake Project covers a total of 30,381 hectares within the Athabasca Basin. This exploration drilling program will further test geophysical and geochemical targets identified by previous exploration work both at the unconformity as well as in the underlying basement rocks. Bleaching and desilicification of the sandstone as well as strong local clay alteration and dravite zones have been intersected on the property consistent with those commonly associated with uranium deposits elsewhere in the Athabasca Basin. Prospective fault structures offsetting the unconformity (reverse faulting on the main conductor and southeast-northwest cross structures) are also present throughout the Property and are considered good potential hosts for unconformity and basement-hosted uranium mineralization. The exploration program is being conducted with UEX Corporation acting as the operator.
Exploration drilling conducted by Uracan and UEX at Black Lake in 2014 has intersected significant uranium mineralization in several areas including 0.131% U(3) O(8) over 0.5 metres and 0.124% U(3) O(8) over 1.0 metres in drill hole BL-148. This mineralization is hosted within and adjacent to the Eastern Fault Zone from which previous drilling intercepts on the property have been obtained. These mineralized intervals encountered in drill hole BL-148 occur at and up to 19 metres below the unconformity between the overlying Proterozoic Athabasca sandstones and underlying Archean basement rocks. This basement-hosted mineralization intersected below the footwall unconformity is significant as this style of mineralization has not been encountered previously in this area of the Property and represents a new prospective target. Basement--hosted mineralization will be a major exploration target in the upcoming drill program.
In addition, selected intervals from previous drilling by UEX (as described in UEX press releases dated October 12, 2004, August 14, 2006, February 27, 2007 and August 21, 2007, respectively) include:
BL-018: 0.69% U(3) O(8) over 4.4 metres, including 1.96% U(3) O(8) over 0.5
metres; BL-082: 0.50% U(3) O(8) over 3.3 metres, including 1.60% U(3) O(8)
over 0.7 metres; BL-110: 0.79% U(3) O(8) over 2.82 metres; and BL-140:
0.67% U(3) O(8) over 3.0 metres, including 1.58% U(3) O(8) over 1.0 metre.
These mineralized intervals were encountered at the unconformity between the overlying Proterozoic Athabasca sandstones and underlying Archean/Aphebian basement rocks at relatively shallow down-hole depths between 274 metres and 318 metres.
For maps and further details on the Property, please refer to the Company's website: www.uracan.ca.
Technical information regarding the Black Lake Project in this news release has been reviewed and approved by Roger Lemaitre, P.Eng., P.Geo., UEX's President and CEO who is a Qualified Person as defined by N.I. 43-101 standards.
ABOUT URACAN RESOURCES LTD.
Uracan Resources Ltd. (TSX.V:URC, OTC:URCFF) is a Canadian-based exploration company focused on exploring for uranium deposits in Saskatchewan and Quebec, Canada. In early 2013, Uracan signed an agreement with UEX Corporation, whereby Uracan acquired the option to earn from UEX a 60% participating interest in the Black Lake Property along the northern margin of the Athabasca Basin. UEX currently holds an 89.99% interest in the Black Lake Project with AREVA Resources Canada Inc. ("AREVA") holding the remaining 10.01% interest.
In July 2014, Uracan signed an agreement with Forum Uranium whereby Uracan can acquire up to a 70% interest in the Clearwater Property near the southwestern margin of the Athabasca Basin, immediately adjacent to Fission Uranium's Patterson Lake South discovery. Forum is the 100% owner of the Clearwater Property.
Since 2006, Uracan has discovered a N.I. 43-101 Indicated Mineral Resource estimate of 7 million lbs U(3) O(8) (21.5 million tonnes at a grade of 140 ppm U(3) O(8) using a 100 ppm cut-off grade) and a N.I. 43-101 Inferred Mineral Resource estimate of 37 million lbs U(3) O(8) (140.6 million tonnes at a grade of 120 ppm U(3) O(8) using a 100 ppm cut-off grade) on its 100%-owned exploration properties in Quebec.
Uracan continues to review additional opportunities worldwide to capitalize on management's exploration and financing capabilities.
Technical information about Uracan in this news release has been reviewed and approved by Marc Simpson, P.Geo., Uracan's Qualified Person as defined by N.I. 43-101.
About UEX
UEX (TSX:UEX, OTC:UEXCF.PK, UXO.F) is a Canadian uranium exploration and development company actively involved in seventeen uranium projects, including six that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, nine projects joint-ventured with and operated by AREVA and one joint ventured with AREVA and JCU (Canada) Exploration Company, Limited, which is operated by AREVA. The seventeen projects, totaling 260,121 hectares (642,773 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium district, which in 2013 accounted for approximately 15% of global primary uranium production. UEX is currently advancing several uranium deposits in the Athabasca Basin which include the Kianna, Anne, Colette and 58B deposits at its currently 49.1%-owned Shea Creek Project, and the Horseshoe, Raven and West Bear deposits located at its 100%-owned Hidden Bay Project.
ON BEHALF OF URACAN RESOURCES LTD. ON BEHALF OF UEX CORPORATION
"Marc Simpson" "Clive Johnson" "Roger Lemaitre"
President & CEO Chairman President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain statements that constitute "forward-looking information" for the purposes of Canadian securities laws. Such statements are based on the current expectations, estimates, forecasts and projections of Uracan and UEX. Such forward-looking information includes statements regarding the Option Agreement, expenditures on the Project, mineral resource and mineral reserve estimates, outlook for future operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", "will", "may", or their negatives or other comparable words and phrases are intended to identify forward--looking information. Such forward-looking information is based on certain factors and assumptions and is subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from expectations include uncertainties relating to the ability to satisfy the conditions of the Option Agreement, interpretation of drill results and geology, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companies as operators, public acceptance of uranium as an energy source, fluctuations in uranium prices and currency exchange rates, changes in environmental and other laws affecting uranium exploration and mining, and other risks and uncertainties disclosed in the filings of Uracan and UEX with the applicable Canadian securities commissions on SEDAR. Many of these factors are beyond the control of Uracan and UEX. Consequently, all forward-looking information contained in this news release is qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by Uracan or UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking information. Except as required by applicable law, Uracan and UEX disclaim any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE Uracan Resources Ltd.
/CONTACT:
Marc Simpson, President and CEO, Uracan Resources Ltd., 604-506-6996; Uracan Corporate Development, 604-970-6980, www.uracan.ca; Roger Lemaitre, President & CEO, UEX Corporation, 306-713-1401; UEX Corporate Office, 604-669-2349, www.uex-corporation.com
/Web site: www.uracan.ca
Copyright CNW Group 2015
(END) Dow Jones Newswires
January 08, 2015 09:00 ET (14:00 GMT)
sumisu
15 년 전
Uracan discovers multiple new areas of uranium mineralization in Quebec
Press Release
Source: Uracan Resources Ltd.
On 9:00 am EST, Monday December 7, 2009
http://finance.yahoo.com/news/Uracan-discovers-multiple-new-cnw-3714194889.html?x=0&.v=1
<< Highlights ---------- - 0.176% (1,762 ppm or 3.52 lbs/t)U3O8 over 4 meters at MB Zone - includes 5,989 ppm or 11.98 lbs/t U3O8 over 1 meter - 0.139% (1,389 ppm or 2.78 lbs/t) U3O8 over 2 meters near Chan Zone - 0.053% (529 ppm or 1.06 lbs/t) U3O8 over 12 meters south of Middle Zone >>
VANCOUVER, Dec. 7 /CNW/ - Uracan Resources Ltd. (the "Company") is pleased to report on channel assay results from the Summer 2009 exploration program at its 100% owned North Shore Project in Quebec. These assay results are from channel sampling that occurred on the Turgeon Lake Intrusive Complex (TLIC) which is host to the Double S zone, Grandroy zone and others. Please visit the Uracan website at www.uracan.ca to view the map of all the zones on the TLIC.
This summer program was designed to map, sample and explore areas of the granitic intrusion that had not received as much attention in the past. It was also a priority to continue mapping and sampling in locations of known uranium occurrences like Double S.
The 2009 Summer Exploration program on the TLIC consisted of a combination of mapping, scintillometer surveys and rock saw channel sampling in addition to the ongoing exploration drill program on the property. A total of 42 channels containing 376 samples were taken in seven separate zones throughout the TLIC. The results of two of these zones, the Grandroy and Turgeon zones were previously released on August 26th and September 29th, 2009. Those highlights included 20 meters grading 0.174% (1,740 ppm or 3.48 lbs/t) U3O8 at Grandroy. Uranium mineralization on the property continues to be hosted by granites and pegmatites. The mineralized zones at TLIC are generally open in all directions as channel sampling was limited to areas of outcrop exposure, with overburden cover overlaying large areas of the targeted airborne anomalies.
MB Zone
The MB zone is a new zone covering the triangular area located between the Double S and TJ zones immediately north of Middle Zone. It is approximately 1,500 meters in length north to south by 800 meters east to west.
This area is cradled between the zones (Double S, Middle and TJ) that are host to the previously announced NI 43-101 compliant inferred resource of approximately 154.9 million tonnes at an average grade of 0.012% U3O8 containing 18.48 million kilograms (40.73 million pounds) of U3O8 at a 0.009% cutoff.
This area had not been previously explored in great detail either by historic operators or by Uracan. This summer's mapping identified numerous outcrops dominated by pegmatite and granite with occasional smoky quartz veins. Channel assay results reveal numerous anomalous showings such as 0.176% (1,762 ppm or 3.52 lbs/t) U3O8 over 4 meters containing a sub-interval of 0.599% (5,989 ppm or 11.98 lbs/t) U3O8 over 1 meter. See Table 1 below for further results.
Table 1: Selected MB Zone Channel Assay Results
-------------------------------------------------------------------------
Average grade Average grade
Zone Channel U3O8% U3O8 ppm Length (m) Comments
-------------------------------------------------------------------------
new area -
between Double
S and TJ Zones
- N of Middle
MB MB-3 0.054 544 3 Zone
-------------------------------------------------------------------------
new area -
between Double
MB MB-8 0.298 2983 1 S and TJ Zones
-------------------------------------------------------------------------
new area - NE
MB MB-9 0.058 585 3 of Double S
-------------------------------------------------------------------------
new area - NE
MB MB-9 0.032 322 4 of Double S
-------------------------------------------------------------------------
includes 1m
MB MB-10 0.176 1762 4 (at) 5989ppm
U3O8
-------------------------------------------------------------------------
Chan Zone
The Chan zone is northwest and adjacent to the TJ zone. It is approximately 1,200 meters (1.2 km) by 1,500 meters (1.5 km) in overall area. It has had a total of 9 drill holes completed on it during the Winter 2008 drilling program (see news release June 17, 2008).
Mapping and channelling of the granitic and pegmatitic outcrops in the outer regions of the Chan Zone not previously mapped and sampled revealed numerous anomalous sections including 0.139% (1,389 ppm or 2.78 lbs/t) U3O8 over 2 meters. Selected channel results are presented in Table 2 below.
Table 2: Selected Chan Zone Channel Assay Results
-------------------------------------------------------------------------
Average grade Average grade
Zone Channel U3O8% U3O8 ppm Length (m) Comments
-------------------------------------------------------------------------
North of main
Chan CH-01 0.024 240 12 Chan zone
-------------------------------------------------------------------------
North of main
Chan CH-02 0.120 1203 1 Chan zone
-------------------------------------------------------------------------
NE of main
Chan CH-03 0.072 720 3 Chan zone
-------------------------------------------------------------------------
NE of main
Chan CH-04 0.033 330 12 Chan zone
-------------------------------------------------------------------------
NE of main
Chan CH-05 0.053 529 6 Chan zone
-------------------------------------------------------------------------
NE of main
Chan CH-06 0.032 324 6 Chan zone
-------------------------------------------------------------------------
NE of main
Chan CH-07 0.139 1389 2 Chan zone
-------------------------------------------------------------------------
Double S Zone
Mapping and sampling in the Double S zone occurred both in the main zone as well as on the periphery to the east and north of the main zone beyond the currently defined inferred resource area. Sample SS-2 was taken approximately 800 meters north east of the main Double S zone and returned values grading 0.03% (262 ppm or 0.6 lbs/t) U3O8 over 7 meters. Sampling along strike with the main Double S zone but 800 meters to the northwest revealed assay values of up to 0.052% (519 ppm or 1.04 lbs/t) U3O8 over 4 meters. Selected channel results are presented in Table 3 below.
Table 3: Selected Double S Zone Channel Assay Results
-------------------------------------------------------------------------
Average grade Average grade
Zone Channel U3O8% U3O8 ppm Length (m) Comments
-------------------------------------------------------------------------
East of Double
Double S, off main
S SS-2 0.026 262 7 zone trend
-------------------------------------------------------------------------
may connect
with SS-11 -
broad topo low
btwn sample
Double areas - NNE of
S SS-10 0.052 519 4 Double S
-------------------------------------------------------------------------
may connect
with SS-10 -
broad topo low
btwn sample
Double areas - NNE of
S SS-11 0.030 303 4 Double S
-------------------------------------------------------------------------
Double North of main
S SS-12 0.026 263 5 zone trend
-------------------------------------------------------------------------
AH Zone
AH zone is a triangular area, northwest and adjacent to the Chan Zone, and is approximately 1,000 meters in length by 1,200 meters at the base. Mapping and sampling in the AH zone tested a 300 m wide radiometric anomaly that stretches 900 meters to the northwest through the middle of the AH zone. Channel sampling on the northwest end of the radiometric anomaly revealed mineralized pegmatite and granite bodies grading up to 0.049% (487 ppm or 0.97 lbs/t) U3O8 over 14 meters. This radiometric anomaly was also sampled at its southern extent by the Chan zone channel CH-02 and returned 0.12% (1,203 ppm or 2.4 lbs/t) U3O8 over 1 meter as well as channel CH-03 returned values of 0.072% (720 ppm or 1.44 lbs/t) U3O8 over 3 meters.
Table 4: Selected AH Zone Channel Assay Results
-------------------------------------------------------------------------
Average grade Average grade
Zone Channel U3O8% U3O8 ppm Length (m) Comments
-------------------------------------------------------------------------
new area North
of Chan
AH AH-01 0.049 487 14 drilling
-------------------------------------------------------------------------
Middle Zone
Mapping and sampling in the Middle zone was limited due to time constraints as it was mapped at the end of the field season. A single channel grading 0.053% (529 ppm or 1.06 lbs/t) U3O8 over 12 meters was cut in outcrop approximately 1,200 meters south of the main Middle zone. This channel cut was made in the southern portion of a 300 m wide radiometric anomaly that stretches 2,000 meters to the northwest and parallel to the Middle Zone Inferred Resource area. No other sampling was completed on this area prior to the end of the 2009 summer work program.
Table 5: Selected Middle Zone Channel Assay Results
-------------------------------------------------------------------------
Average grade Average grade
Zone Channel U3O8% U3O8 ppm Length (m) Comments
-------------------------------------------------------------------------
Middle south of main
Zone MZ-01 0.053 529 12 Middle Zone
-------------------------------------------------------------------------
Program Review
When all zones are viewed together, they cover an area approximately 6,500 meters by 2,000 meters oriented in a northwest to southeast trend. This area continues to show real promise as surface sampling and mapping outside of the main drilled zones and resource areas continue to provide significant results.
Uracan continues to analyse its findings and is developing an exploration plan for the coming year that will continue to address the vast potential of the region. A significant number of radiometric anomalies remain to be mapped and sampled. Maps detailing the results from the zones discussed above will be put on the Uracan website www.uracan.ca in the near future.
QA/QC
Channel samples were collected across areas of interest marked by geological personnel using rock saws to cut channels in the bedrock. Channel sample intervals were generally 1 meter lengths while grab samples were also collected at specific locations by geological field personnel. All sample locations were marked in the field with hand held GPS units. The samples were shipped by Company personnel in sealed containers to ALS Chemex Laboratories of Val D'Or, Quebec for analysis using standard analytical techniques for the samples. ALS Chemex is the laboratory facility used for all assays from the North Shore Property program.
Uracan Resources Ltd. is an advanced stage uranium exploration company, exploring for shallow, bulk tonnage style uranium mineralization in Canada. Uracan is led by a team of proven exploration and mine entrepreneurs and mine-builders. The information in this news release has been prepared and reviewed by Marc Simpson, P. Geo., the Company's Qualified Person under National Instrument 43-101 standards.
Investors are invited to visit the Uracan Resources IR Hub at http://agoracom.com/ir/UracanResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence URC(at)agoracom.com to where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of the Company. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the mining industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com ). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
For further information
Gregg J. Sedun, Chairman & CEO, (604) 682-5580
Keith Schaefer, Vanguard Shareholder Solutions, (604) 608-0824
David Fry, Corporate Development, (778) 330-2759
Marc Simpson, Exploration Manager, (604) 682-5580
HowardHughs
16 년 전
Uracan to Benefit from Return of the Uranium Bull
James West
jwest@midasletter.com
www.midasletter.com
Friday, May 8, 2009
Uranium is going to be in short supply in the not-so-distant future, according to a report issued recently by Toronto-based Salida Capital Corp. And that’s going to give a boost to uranium explorers like Uracan Resources Ltd., (TSX.V:URC), who have established pounds in the ground and continue to expand on them.
According to the report:
“It is conceivable that the uranium industry may need to expand annual mine production by more than 50% during the next decade in order to meet demand from new reactors. In the ten–year period to 1997 the industry was only able to grow annual production by 14%, despite a spike in prices and significant spending on exploration and development. Today, the industry faces financing challenges in addition to the regular geological, regulatory, and operational hurdles. Should the mining industry come up short, the incremental supply will have to come from larger draws on finite government inventories. Otherwise nuclear power projects will be cancelled for lack of fuel.
Meanwhile, today’s uranium price provides limited incentive to explore for and develop new mines, while existing operations and known deposits face a myriad of challenges. The marginal cash cost for the uranium industry is believed to be in the US$45–$50/lb range, higher than today’s spot price. Adding in a reasonable return on investment suggests a minimum US$60–$65/lb contract price to justify investment in a typical new project. Given that reactors are far more concerned with security of supply than the actual price of uranium, there would seem to be little resistance to higher prices should market conditions tighten.”
And Salida isn’t the only group predicting stronger demand for uranium in the near term. RBC Capital Markets issued research on April 29 that concurs with Salida’s stipulations.
“Based on our supply demand outlook, we think the uranium market will be facing substantial deficits and that utilities will have to pay higher and higher prices to secure both spot and long-term supplies. We also believe that the longer the spot price remains depressed (e.g. below US$70/lb), the more dramatic the price run-up will be.
We have revised our valuation for the uranium sector to reflect our view that we are at the early stages of a bull market, but we think the peak levels are still more than two years away. We think that equity pricing at the peak could be driven by NAV multiples that exceed 2.5 times for the more spot sensitive equities like Paladin and Uranium One.”
The RBC report builds a strong case for increased uranium prices by the end of this year.
“We believe we have just recently come off the bottom with respect to the spot price. Looking to the future, we are forecasting the uranium price will increase from its current spot price of $44 per pound to the mid-$50 per pound by the end of 2009. Longer term, we believe the uranium spot price will need to increase significantly to provide the proper stimulus to uranium companies to develop new mines. We think the price increase will happen one of two ways: (1) the spot market will tighten in advance of demand increases, providing sufficient time for new mine development; and (2), new, incremental demand drives the spot price higher, but given the inability for supply to react quickly (e.g. years, not months), the spot price could increase very dramatically, perhaps even mirroring the 2006-2007 bull market. Our forecasts are assuming the first option occurs resulting in higher prices, but with some moderation to price increases.”
Uracan recently completed its winter 2009 drill program at its 100% owned North Shore Property, located within its 100% owned 1,000 square kilometer North Shore Uranium Property in Quebec.
The initial 3,000 meter winter 2009 diamond drill program was extended to a total of 4,819 meters. Drilling was focused on generating additional mineralization up dip and along strike from the existing Double S NI 43-101 inferred resource of 74.2 million tonnes at an average grade of 0.012% U3O8 containing 9.06 million kilograms (20 million pounds) of uranium.
Total NI 43-101 compliant inferred resources to date on the property are approximately 154.9 million tonnes at an average grade of 0.012% U3O8 containing 18.48 million kilograms (40.73 million pounds) of uranium using a 0.009% cutoff.
The deposits are located approximately 8 kilometers north of the St. Lawrence Seaway, with electric power lines and a paved provincial highway running through the property. These open-pittable resources outcrop at surface, and are open at depth and along strike.
Uracan has a second uranium discovery at surface at its 100% owned Pipewrench Lake property in Saskatchewan, located about 120 km south of the Athabasca Basin. Drilling in 2008 intersected 1 to 3 pounds uranium per ton over widths up to 19.5 meters. Pipewrench Lake is hosted in the same Wollaston domain geology that forms the basement rock to many of the rich underground uranium mines in the Athabasca Basin - but here the domain is at surface.
Uracan has 91 million shares outstanding. Visit the company’s web site at www.uracanresources.com to learn more.
DISCLOSURE: No shares held in any companies mentioned herein by they author or affiliates.
SOURCE: http://www.midasletter.com/news/09050606_Uracan-to-benefit-from-return-of-the-uranium-bull.php
James West
Publisher
jwest@midasletter.com
www.midasletter.com
Home :: Archives :: Contact THURSDAY EDITION
May 7th, 2009
© 2009 321energy.com
http://321energy.com/editorials/west/west050609.html
nlightn
18 년 전
Sleeping Giants and Untold Riches!
Weiss Research
by Sean Brodrick
1/27/2007 8:00:00 AM
Look out your window and see if pigs are flying.
Why? Because the impossible is happening: Major corporations are joining forces with environmental groups in an unprecedented, unholy alliance to push for quicker action on global warming.
A decade ago, if you’d placed bets on this kind of partnership emerging, you probably could have gotten 100-to-1 pay-offs in your favor.
No one dreamed it would be possible. But it’s happening. And its creating a unique situation for early investors that also comes with incredible leverage. Probably not 100-to-1. But possibly a lot more than 10-to-1.
The alliance of greens and Corporate America is called the US Climate Action Partnership, and we’re talking some really BIG names here: Alcoa, BP America, DuPont, General Electric, FP&L Group and more. They know things are getting too warm to waste any more time on hot air! They know they’ve got to move — and immediately.
Trouble is, almost all the alternate energy solutions people talk about are decades away. They’re too immature, too small, or too expensive.
The only solution that packs both the volume and the power to make a difference immediately is atomic power. There’s simply no other that even comes close.
Total greenhouse gas emissions from nuclear power plants, including plant construction and mining uranium, are a meager one-twelfth of those produced by gas-powered plants.
And they’re about one-thirtieth the amount produced by coal-fired power stations.
A while back, I told you the day would come when the public eventually demands nuclear power to battle global warming.
Now, with this new alliance, that day is one giant step closer, and investors, seeing the handwriting on the wall, are jumping in — big time.
But uranium isn’t the only red-hot metal. It’s just the leading edge of a huge commodity bull market. Gold and silver are also surging. And base metals, including nickel, zinc and tungsten are close behind.
Ground Zero for Natural Resources
Now here’s my favorite part: One of the best ways to buy these stocks on the cheap is by picking up Canadian-listed natural resource stocks. The facts as I see them:
Fact #1. Canada is ground zero for uranium exploration.
Fact #2. There are junior gold and silver miners listed on Canadian exchanges that are sitting on mountains of metal.
Fact #3. These juniors are trading at pennies on the dollar!
Sometimes these stocks co-list on U.S. stock exchanges. If not, you can pick up the Canadian shares through your broker pretty easily. One thing’s for sure in my view — you’re getting a bargain.
Canada is what miners and geologists call “elephant country” — a place where you can still find enormous treasure troves of resources, resources that hold out the potential for untold wealth.
Plus, the Canadians are exporting their mining expertise all over the world, making Canada a center for the commodity bull market, and a place where you can find tomorrow’s A-list stocks trading for a fraction of their real value, based on their proven and probable reserves.
What are the advantages of these small-cap stocks? I’ll tell you in just a bit. First, let me give you my outlook for each of these resources — uranium, gold, silver and diamonds.
Uranium — The White-Hot Metal:
Demand is Outstripping Supply
In 2005 (the most recent complete statistics), uranium mines supplied 102.5 million pounds of uranium, but demand was 171 million pounds. The gap of 68.5 million pounds was filled by rapidly dwindling stockpiles. Uranium demand probably hit 180 million pounds in 2006, and is going higher yet. Supply just can’t keep up.
Then, in October, uranium kingpin Cameco reported that its Cigar Lake Mine, which was scheduled to go into production in 2008, suffered a disastrous flood. Water is still pouring into the mine so fast that some miners joke that Cameco should convert Cigar Lake into a hydroelectric plant.
Cigar Lake was supposed to ramp up production to 18 million pounds of uranium a year; 18 million pounds — that’s more than a tenth of last year’s total global demand. One expert said: “It’s like the oil industry losing Saudi Arabia.” Cameco is trying to stem the flooding at Cigar Lake, but this project is probably delayed for years.
The biggest challenge of all: Right this very moment, there are over 100 nuclear reactors under construction or in the planning stages, a huge 25% increase over the number of existing reactors. Japan has 11 in the works. China, 30. India, 20. A typical 1 gigawatt nuclear reactor requires around 200 tonnes of natural uranium per year.
Bottom line: Demand is going to soar, and supply can’t keep up.
Gold — Ready for the Next Leg Up
Last year, we saw gold soar to $732 per ounce before pulling back. Now, it’s moving back up again, and there is a lot telling me that gold prices now are an incredible bargain ...
First, production is falling. Despite soaring prices, gold mine production in 2006 fell by 2% to 2,467 metric tonnes, according to GFMS. South Africa, Australia and the United States all saw production go down — even though prices are going up!
Second, official sales are tumbling. Selling of gold by central banks dropped by half in 2006 to 330 metric tonnes. Market watchers expect those sales to keep falling.
Third, we have the next wave of gold ETFs. Recently, three companies rushed to launch gold ETFs or funds in India as the laws changed favorably in that country. So a billion people will suddenly have access to gold funds. Sounds bullish to me!
Fourth, producers are de-hedging like crazy. “Hedging” is when miners sell forward gold production to lock in prices. With gold prices strong and getting stronger, miners are buying back those forward sales. Net producer de-hedging in 2006 hit 400 metric tonnes — FOUR TIMES the volume of 2005.
If anyone knows where the price of gold is going, it should be gold miners. And they’re giving a big vote for “UP!” Gold should charge back to $732 this year on its way to $750 per ounce.
Silver — Hotter Than Hot!
The facts in a nutshell ...
Potential jewelry demand: A spokesperson for the World Jewelry Confederation recently said that Russia, China and India “are expected to stand at the center of the expected double-digit growth in silver consumption in the coming years.”
Industrial demand: According to the Silver Institute, industrial demand for silver rose 11% in 2005 and represented 47% of total demand, up from 37% in 1995. As emerging-market nations continue to rapidly industrialize, demand for silver will keep pace.
Low stockpiles: According to CPM Group, a commodities-research firm, there are roughly 300 million ounces of silver in above-ground stockpiles, a 50-year low.
Silver ETF: The iShares Silver Trust holds physical silver to back its shares, and currently it holds over 116 million ounces and recently filed papers to add 168 million ounces to back the issuance of new shares. Just as the gold ETFs are driving gold sales, the silver ETFs should do the same for silver.
I expect silver could hit $16 an ounce in 2007, and then it will set its sights on $20!
Diamonds — an Investor’s Best Friend
The “4 Cs” of diamonds are cut, color, clarity and carat. To this I would add one more “C” — China.
Indeed, the diamond market is about to be reshaped by enormous demand from China. In the last half of 2006, China’s refined diamond imports jumped 194% year on year! For the full year, China’s imports and exports of diamonds hit a record high of 610 million U.S. dollars in 2006, jumping 44.4% year on year. In other words, China’s diamond purchases are accelerating.
Rising wealth in Asia is fueling demand for the $70 billion diamond jewelry industry. The global diamond jewelry market should expand 6% to 7%.
Okay, I’ve told you about these amazingly undervalued companies in Canada, and the enormous growth ahead for each of these sectors. And while I expect uranium to lead the way, gold, silver and diamonds —virtually ALL natural resource prices — are taking off again.
I believe this action is signaling the next phase in the natural resource explosion, a phase when investors all over the world begin to pile into the shares of smaller companies that specialize in these ever scarcer resources.
In this phase, the new surge of investor demand could send the share prices of many natural resource stocks flying higher than you can imagine.
And this is especially true for small caps ...
When Big Money Starts Pouring Into
Small Companies, Their Share Prices
Can Blast Off To The Moon.
So how do you trade these stocks?
With small caps, you can’t just say “buy 10,000 shares at the market.” You need to know how many shares to buy ... how much to pay. Plus, it’s even more important to know how and when to sell.
My recommendations:
1. Figure out how much money you want to invest in small-cap natural resources.
2. Split the funds three ways — money to invest now or very soon, money to invest on pullbacks, and money to invest when the stock has already given you a nice, handsome profit.
3. When you have a double, often seek to take half your money off the table. That gives you a free ride on the balance.
4. Rarely give “at the market” orders. Always place orders with the price you want, “or better.” (That means “or lower” when you’re buying and “or higher” when you’re selling.)
4. Focus on Canada. But don’t limit yourself exclusively to Canada.
The beauty of Canada is the best miners from all over the world are headquartered there. On the Canadian stock market, you can buy companies that have the best Canadian management and the best resources in Brazil, Argentina, Mexico — heck, I’m even looking at Canadian stocks that work in China.
Four Ways Small-Cap Natural Resource
Companies Can Knock It Out of the Park
Small caps are not for all your money. They’re aggressive investments that should be bought in moderation. But there are five reasons why I like small-cap natural resource companies right here, right now ...
Reason #1. Everything is signaling that another explosive phase of the natural resource boom is just beginning. So I believe the timing is great.
Reason #2. Many of these companies are trading at a fraction of what their reserves are worth. So you get huge upside leverage! Once they become more widely known and have a track record of profits, their resources will become more fully valued.
Reason #3. You can never lose a penny more than you invest (plus any commissions you pay your broker). So just like options, your risk is limited to the small amounts you put up.
Reason #4. Unlike options, small-cap stocks never expire. You can hold them as long as you want. Provided the company remains solvent, no one can place a time limit on your opportunity.
That’s why I can go into these stocks with a long-term view. If they pay off in three years, I’m happy. If they pay off in three months or three weeks, I’m even happier!
Reason #5. Small-cap natural resource stocks are very cheap, with most trading for less than $5 a share. So you don’t have to be Rockefeller to start playing this market.
Learn all you can about natural resources, especially in Canada. Find out more about small-cap stocks. And stand by for more details to come.
Yours for trading profits,
Sean
nlightn
18 년 전
What I Heard in Vancouver!
WEISS RESEARCH
Sean Brodrick
1/24/2007 8:00:00 AM
I’m writing this just before I catch a plane back to Florida from British Columbia, where I attended the 2007 Vancouver Resource Investment Conference. The size of the conference blew my mind! There were way more exhibitors than last year, and the hall was jam-packed with investors looking for Canada’s natural resource bargains.
They were finding them, too — in gold, silver, lead, zinc, nickel, diamonds and many more. And my favorite metal, uranium, is so hot that the exhibitors set up a special “uranium alley” so investors could find these companies more easily.
I learned a lot there, mainly by asking the right questions and listening intently. Today, I want to let you in on three of the most interesting things I heard ...
“Keep Your Eyes on China, India,
And the Emerging Markets.”
The always excellent Frank Holmes, CEO of no-load mutual fund company U.S. Global Investors, enthralled the audience by explaining how China and India should push the global economy into overdrive.
Frank thinks we’re in a long-term secular bull market for commodities, but he explained that it could be difficult to pick short-term tops and bottoms. “The easiest place to call tops and bottoms is on Miami’s South Beach,” Frank said.
Frank also told everyone to keep their eyes on the emerging markets, and not just because more than 80% of the world’s population lives there. Those markets are growing rapidly and citizens are getting richer. In many cases, people are pulling themselves out of extreme poverty and into larger roles as consumers. According to some studies that Frank pointed out, when gross domestic product goes over $1,000 per person, consumer spending begins. And when GDP goes over $2,000 per person, people start buying cars.
You might find that hard to believe, but note that the Chinese have come out with a car that costs only $5,000. You think that’s cheap? In India, they’re selling new cars for $2,500 apiece.
Of course, Frank wasn’t the only one who had interesting things to say ...
“People Are the Most Precious Thing
In the Mining Industry Today.”
I can’t tell you who I heard this from because to give his name would reveal one of the stocks I’m recommending in my new uranium report, “Small Uranium Wonders.” So I’ll just call him Mr. X.
At a quiet lunch away from the conference, Mr. X explained how, in the heyday of the first uranium boom, there were 2,000 people working in the U.S. uranium mining industry. Today, the number is just 400 people — even though America’s uranium appetite is waking up again.
I often hear about a supply/demand crunch in trained geologists and mining engineers. Usually, the source is a white-haired miner wondering if anyone will be there to replace him.
Mr. X thinks this worker shortage is a big advantage for his company — because he’s put together a team of the top talent in the industry. In fact, other companies have been lining up to hire Mr. X’s company as a consultant or take it on as a partner just to get its expertise. But Mr. X and his crew are pushing forward with their plan to develop their own mine — with a timetable of bringing it into production in two years.
“Do we want to import our uranium from Russia? To be dependent on them as suppliers?” Mr. X asked. “How is that any better than being dependent on the Saudis to supply us with oil? No, if we want energy independence, we have to develop America’s own uranium resources.”
Our conversation was interrupted as another miner stopped by our table to say hi. After the other guy left, Mr. X smiled and said, “Our companies have comparably sized resources, in the same part of the country, with similar mining costs. And we’re both bringing mines into production in two years. Yet his company is valued way more than mine. Do you know why?”
Mr. X leaned forward and answered his own question: “Publicity. His company has it. My company doesn’t ... yet." I checked later, and found out that Mr. X’s company is valued at one-fourth the other miner’s company!
“I’m Patching Together a Portfolio
Of Promising Properties.”
I had yet another good conversation with a guy I’ll call the Ol’ Prospector. He has knit together a portfolio of uranium and vanadium properties across the American Southwest. Some of these were once mom and pop uranium mines, if you can imagine that such a thing ever existed. “You have to wonder what the kids looked like,” Ol’ Prospector joked.
Man, he was relishing uranium’s high tide! He’d been through the crash in the uranium sector in the ’80s (“absolutely no fun”), and now he was enjoying having the shoe on the other foot ...
He has enough money to keep him going. He’s drilling like mad, and working on getting his resource to conform to Canadian government standards. He scoffed at some other players that have already seen their share prices take off when “they have no compliant resource at all.”
The Ol’ Prospector also told me that his portfolio of properties is changing as he swaps with other companies. Look at a map of any uranium-prospective territory and you’ll see a patchwork quilt of claims. Heck, I could practically see some deals coming to mind across the exhibitor booths, as CEOs of various companies finally got a chance to get together.
I imagine the conversations started something like this: “Hey, you have two working projects in the Athabasca Basin, and I’ve only got one claim there and no time to work it. Meanwhile, you’ve got a stray property near my project in Wyoming. Let’s make a deal!”
No doubt that the big buzz for 2007 is going to be mergers and acquisitions. Why? First, as Mr. X pointed out, there simply aren’t enough people with the technical knowledge necessary to staff all these companies and projects. Second, the bigger the fish gets, the more investor money it attracts and the more attractive it becomes to major uranium players. I heard the names SXR Uranium One and Rio Tinto invoked liked those of patron saints, more than once.
Sorting the Winners from
The Tall-Tale Tellers …
These are just some of the things I heard in Vancouver! But the trick in small- and micro-cap resource stocks is separating the real deals from the time bombs. As Mark Twain famously said, “A gold mine is a hole in the ground with a liar on top.”
I had great fun at the conference, and I’m coming away with lots of great ideas. When I get back to Florida, the real work will begin. What a great time to be investing in natural resources!
If you want a piece of the big commodity bull market, and want to take a diversified approach, you could try a nice natural resources mutual fund like Frank Holmes’ U.S. Global Investors Global Resources Fund (PSPFX). This no-load fund has a low expense ratio of 1.3% and should make the most of the next flood of money into global resources. Or if you want to concentrate on precious metals — and I wouldn’t blame you — try the U.S. Global Investors World Precious Minerals Fund (UNWPX).
But for real outperformance, I’m sticking with the individual companies that will make the most of the global rush for natural resources. Here are three easy guidelines you can apply to your own trading:
1. I’m going to pick my investments by looking at both the fundamental and technical pictures.
2. I use a mental stop-loss on my trades. I know how much I’m willing to lose before I buy.
3. I’m buying smaller stocks for the longer-term — I won’t worry about short-term fluctuations, except as buying opportunities.
Yours for trading profits,
Sean
nlightn
18 년 전
URACAN RESOURCES LTD. ENCOUNTERS SIGNIFICANT URANIUM
MINERALIZATION AT PIPEWRENCH LAKE PROPERTY, STAKES
ADDITIONAL CLAIMS IN SASKATCHEWAN
January 19, 2007
Trading Symbol: (TSXV): URC
VANCOUVER, BC – Uracan Resources Ltd. (the “Company”) is pleased to announce that it has received results of surface sampling from the Pipewrench Lake and Narrows Lake properties in Saskatchewan. In addition, the Company has staked additional ground surrounding the existing claims. A total of 100 Km2 has been staked, with the Company holding a 100% interest in these properties. The claims now form one contiguous group of claims.
A total of 78 samples were collected during a limited field program in late September and early October. These samples were collected as part of a reconnaissance program to investigate the potential of the property and validate historic mineralized occurrences.
Five historic uranium occurrences were sampled, of which only two received any significant amount of work in the past. Results of up to 0.281% (6.19 lbs) U3O8 in grab samples and 0.086% (1.89 lbs) U3O8 over 1.7 meters in chip sampling were encountered on the property and were distributed throughout the five occurrences which were sampled. A listing of significant samples are included in the table below.
Mineralization on the property is hosted by pegmatites, coarse grained granites, garnetiferous biotite schist and smokey grey quartz veins. Many of the surface occurrences have significant uranium alteration minerals (uranophane) associated with them.
These results are very encouraging as they confirm that significant mineralization exists on the property, including mineralization outside areas of historic drilling. A total of five uranium occurrences were sampled. These include the Pipewrench Lake, Pipewrench North, Narrows Lake, Portage and Cross Lake West occurrences. Three of the five occurrences have seen minimal work in the past and offer excellent exploration targets. A map outlining the property and the locations of the uranium occurrences will be available shortly on the Company’s website, www.uracan.ca.
Two of the five occurrences (Pipewrench North and Narrows Lake occurrences) have had limited historic diamond drilling carried out on them. This drilling encountered significant uranium mineralization over significant widths. Please refer to the Company’s news release dated September 25th, 2006 for further information. Additional uranium anomalies exist on the property which were not sampled during the limited fall 2006 reconnaissance program.
Planning for a summer exploration program is underway to follow up the results of the fall 2006 program. This work will investigate the geological, structural and mineralogical setting of the mineralization, as well as determine the exploration potential of the property. Prospecting, geological and structural mapping, rock and soil sampling, airborne and ground geophysics including radiometrics are among the planned activities. Diamond drilling is planned to follow up targets outlined by the summer program.
All samples were submitted to the Saskatchewan Research Council Laboratories in Saskatoon, Saskatchewan for analysis. Marc Simpson, P. Geo, a consultant to the Company is the Qualified Person and has reviewed this report.
For further information please contact
Investor Relations, Vanguard Shareholder Solutions Inc.
Tel: (604) 608-0824 or 1-866-898-0824
Email: ir@vanguardsolutions.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company’s filings with the appropriate securities commissions.
Table 1. Selected Grab and Chip Results, Pipewrench Lake Property Location UTM E UTM N Sample Description U3O8 % U3O8 lbs
Pipewrench Lake grab 0.036 0.80
Pipewrench Lake 449113 6239045 grab 0.014 0.31
Pipewrench Lake 449112 6239060 grab 0.010 0.22
Pipewrench Lake 449112 6239060 grab 0.073 1.60
Pipewrench Lake 449112 6239060 1.75 m chip 0.012 0.25
Narrows Lake 450369 6250186 grab 0.034 0.75
Narrows Lake 450387 6250149 grab 0.027 0.60
Portage 450065 6249486 1.7 m chip 0.086 1.89
Portage 450067 6249492 grab 0.281 6.19
Portage 450071 6240501 0.75 m chip 0.073 1.62
Portage 450072 6249500 grab 0.013 0.29
Portage 450074 6249502 0.8 m chip 0.021 0.47
Cross Lake West 449620 6248338 grab 0.011 0.24
Cross Lake West 449619 6248354 grab 0.021 0.47
Cross Lake West 449617 6248358 grab 0.029 0.65
Cross Lake West 449616 6248358 1 m chip 0.048 1.07
Cross Lake West 449617 6248355 grab 0.038 0.84
Cross Lake West 449549 6248295 grab 0.043 0.95
Pipewrench North 449371 6240546 grab 0.026 0.57
Pipewrench North 449387 6240546 1.1 m chip 0.017 0.38
Pipewrench North 449388 6240546 0.8m chip 0.015 0.32
Pipewrench North 449389 6240547 1.2 m chip 0.050 1.11
Pipewrench North 449390 6240548 0.25m chip 0.186 4.11
Pipewrench North 449389 6240547 grab 0.106 2.34
Pipewrench North 449389 6240548 grab 0.084 1.85
Pipewrench North 449376 6240536 grab 0.024 0.53
Pipewrench North 449399 6240573 grab 0.242 5.33
nlightn
18 년 전
Uracan's 2006 exploration results identifies kilometric sized uranium anomalies in Quebec
Wednesday January 17, 9:30 am ET
Trading Symbol: (TSX-V): URC
VANCOUVER, Jan. 17 /CNW/ - Uracan Resources Ltd. (the "Company") is pleased to announce that it has received all surface and channel assays, as well as the geophysical results from the Phase 1 campaign on the 900 km(2) North Shore Uranium Property, Quebec.
Previously reported (refer to news release dated October 11, 2006) lithological observations and scintillometer readings from two sectors of the Turgeon Lake Intrusive Complex (TLIC) are now confirmed first priority uranium targets. Current results indicate four(4) first priority targets, all kilometric in size and all part of the Turgeon A Claim Block, based on the airborne geophysical radiometric uranium signatures and bedrock uranium assay results.
The TLIC is a poly-phased intrusive body consisting of at least seven plutons covering 225 km(2). The circular, sub-rounded and elliptical plutons range in diameter between 2 km and 7 km, and where sampled show strong and continuous uranium anomalies from airborne gamma-spectrometer counts as well as surface grab and channel samples ranging from trace up to 19.81 lbs U3O8 per tonne.
The four(4) kilometric sized anomaly/target sectors occur within the Turgeon A claim block, based on lake-bottom sediment, surface grab and channel samples, and airborne radiometric and ground scintillometer readings. These are the Lac Petit-Double-S, Lac Turgeon, Lac Tanguay, and Baie Johann-Beetz.
Lac Petit-Double-S is a 15 km(2) NE-SW trending anomaly, where more than 900 grab and channel samples were taken. Channel assay results ranged from trace to 2.41 lbs U3O8 per tonne over 1 to 9 meter intervals with upper range values of 0.36 lbs to 2.41 lbs U3O8 per tonne. Grab samples ranged from trace to 4 lbs U3O8 per tonne with upper range values of 0.36 lbs to 4 lbs U3O8 per tonne. The 4 km(2) Lac Petit portion contains magmatic breccias, is highly fractured, hematized, and has typical SPP2 scintillometer readings in the 5,000 to 10,000 cps range.
Lac Turgeon is a 1 km by 1 km anomaly consisting of a 25 m wide, sub-horizontal band of uranophane-bearing granites. Channel assay results ranged from trace to 1.18 lbs U3O8 per tonne over 1 m to 10 m intervals, with upper range values of 0.34 lbs to 1.18 lbs U3O8 per tonne. Grab samples ranged from trace to 19.81 lbs U3O8 per tonne with an upper range of 0.32 lbs to 19.81 lbs U3O8 per tonne. The occurrence is in part defined by historical trenches and scintillometer readings in the 10,000 to 30,000 cps range.
Lac Tanguay is a 2 km by 2 km anomaly located in granite, outlined by 10 surface grab samples ranging from trace to 3.82 lbs U3O8 per tonne.
Baie Johann-Beetz is a 5 km by 1 km anomaly centered on the main highway between the seaside communities of Havre-St-Pierre and Baie Johann-Beetz, where detailed sampling (more than 100 grab and channel samples) at the two extremities of the anomaly returned values ranging from trace to 12.98 lbs U3O8 per tonne.
There are additional anomaly/target areas within the Pontbriand A, Wee Gee A, Highway and Costebelle C claim blocks. Results from the more than 300 channel and 150 grab samples taken at WeeGee A returned values from trace to 0.65 lbs U3O8 per tonne in channels over 1 to 3.25 m intervals, and grab samples returned values from trace to 12.98 lbs U3O8 per tonne. A historical uranium resource of 93 million tonnes of 0.025% (0.55 lbs per tonne) U3O8 and 0.025% (0.55 lbs per tonne) Yttrium was identified at WeeGee A. The resource is non-compliant to NI 43-101 standards and is strictly conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in a mineral resource. The 30 channel and 289 grab samples from the Highway claim block returned values from trace to 0.65 lbs per tonne and trace to 0.72 lbs U3O8 per tonne, respectively. The 403 grab samples from Pontbriand A returned values from trace to 2.44 lbs U3O8 per tonne; whereas the highest value from the 349 grab samples of the nine(9) Costebelle claim blocks came from Costebelle C area (83 grabs) with a high of 0.35 lbs U3O8 per tonne.
Winter 2007 Exploration Program
-------------------------------
Uracan has outlined a first stage 12,000 meter diamond drill program to evaluate the potential for large tonnage uranium resources as proposed in the NI 43-101 technical report for the property (refer to the technical report listed under Uracan on www.sedar.com). The drill program is expected to start in late January 2007.
Uracan Resources Ltd. - A Pure Uranium Player in the Energy Field
-----------------------------------------------------------------
The Turgeon Lake Intrusive Complex has the potential for large tonnage, open pit uranium of the Rössing Deposit type. Rossing is located in Nambia, Africa and is one of the largest uranium mines in the world, with grades of 0.03% U3O8. The Company has already completed a Phase 1 program consisting of regional and detailed mapping, bedrock sampling and ground scintillometer surveys, and an airborne (helicopter) magnetic, electromagnetic and radiometric survey. More than 2,600 outcrops were mapped with an equivalent number of scintillometer readings, and more than 2,300 rock samples were also taken for ICP-47 Element Geochemical Analysis at ALS-Chemex, that included uranium, thorium, selected rare-earths and ytrrium.
The information in this news release has been prepared and revised by Mr. Jean Lafleur, P. Geo., the Company's principal mineral exploration consultant in Quebec, and Qualified Person under National Instrument 43-101.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.
For further information
Gregg J. Sedun, President and CEO, (604) 682-5580
Keith Schaefer, Vanguard Shareholder Solutions Inc., (604) 608-0824, www.vanguardsolutions.ca
Source: Uracan Resources Ltd.
nlightn
18 년 전
Uracan's 2006 exploration results identifies kilometric sized uranium anomalies in Quebec
January 17, 9:30 am ET
Trading Symbol: (TSX-V): URC
VANCOUVER, Jan. 17 /CNW/ - Uracan Resources Ltd. (the "Company") is pleased to announce that it has received all surface and channel assays, as well as the geophysical results from the Phase 1 campaign on the 900 km(2) North Shore Uranium Property, Quebec.
Previously reported (refer to news release dated October 11, 2006) lithological observations and scintillometer readings from two sectors of the Turgeon Lake Intrusive Complex (TLIC) are now confirmed first priority uranium targets. Current results indicate four(4) first priority targets, all kilometric in size and all part of the Turgeon A Claim Block, based on the airborne geophysical radiometric uranium signatures and bedrock uranium assay results.
The TLIC is a poly-phased intrusive body consisting of at least seven plutons covering 225 km(2). The circular, sub-rounded and elliptical plutons range in diameter between 2 km and 7 km, and where sampled show strong and continuous uranium anomalies from airborne gamma-spectrometer counts as well as surface grab and channel samples ranging from trace up to 19.81 lbs U3O8 per tonne.
The four(4) kilometric sized anomaly/target sectors occur within the Turgeon A claim block, based on lake-bottom sediment, surface grab and channel samples, and airborne radiometric and ground scintillometer readings. These are the Lac Petit-Double-S, Lac Turgeon, Lac Tanguay, and Baie Johann-Beetz.
Lac Petit-Double-S is a 15 km(2) NE-SW trending anomaly, where more than 900 grab and channel samples were taken. Channel assay results ranged from trace to 2.41 lbs U3O8 per tonne over 1 to 9 meter intervals with upper range values of 0.36 lbs to 2.41 lbs U3O8 per tonne. Grab samples ranged from trace to 4 lbs U3O8 per tonne with upper range values of 0.36 lbs to 4 lbs U3O8 per tonne. The 4 km(2) Lac Petit portion contains magmatic breccias, is highly fractured, hematized, and has typical SPP2 scintillometer readings in the 5,000 to 10,000 cps range.
Lac Turgeon is a 1 km by 1 km anomaly consisting of a 25 m wide, sub-horizontal band of uranophane-bearing granites. Channel assay results ranged from trace to 1.18 lbs U3O8 per tonne over 1 m to 10 m intervals, with upper range values of 0.34 lbs to 1.18 lbs U3O8 per tonne. Grab samples ranged from trace to 19.81 lbs U3O8 per tonne with an upper range of 0.32 lbs to 19.81 lbs U3O8 per tonne. The occurrence is in part defined by historical trenches and scintillometer readings in the 10,000 to 30,000 cps range.
Lac Tanguay is a 2 km by 2 km anomaly located in granite, outlined by 10 surface grab samples ranging from trace to 3.82 lbs U3O8 per tonne.
Baie Johann-Beetz is a 5 km by 1 km anomaly centered on the main highway between the seaside communities of Havre-St-Pierre and Baie Johann-Beetz, where detailed sampling (more than 100 grab and channel samples) at the two extremities of the anomaly returned values ranging from trace to 12.98 lbs U3O8 per tonne.
There are additional anomaly/target areas within the Pontbriand A, Wee Gee A, Highway and Costebelle C claim blocks. Results from the more than 300 channel and 150 grab samples taken at WeeGee A returned values from trace to 0.65 lbs U3O8 per tonne in channels over 1 to 3.25 m intervals, and grab samples returned values from trace to 12.98 lbs U3O8 per tonne. A historical uranium resource of 93 million tonnes of 0.025% (0.55 lbs per tonne) U3O8 and 0.025% (0.55 lbs per tonne) Yttrium was identified at WeeGee A. The resource is non-compliant to NI 43-101 standards and is strictly conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in a mineral resource. The 30 channel and 289 grab samples from the Highway claim block returned values from trace to 0.65 lbs per tonne and trace to 0.72 lbs U3O8 per tonne, respectively. The 403 grab samples from Pontbriand A returned values from trace to 2.44 lbs U3O8 per tonne; whereas the highest value from the 349 grab samples of the nine(9) Costebelle claim blocks came from Costebelle C area (83 grabs) with a high of 0.35 lbs U3O8 per tonne.
Winter 2007 Exploration Program
-------------------------------
Uracan has outlined a first stage 12,000 meter diamond drill program to evaluate the potential for large tonnage uranium resources as proposed in the NI 43-101 technical report for the property (refer to the technical report listed under Uracan on www.sedar.com). The drill program is expected to start in late January 2007.
Uracan Resources Ltd. - A Pure Uranium Player in the Energy Field
-----------------------------------------------------------------
The Turgeon Lake Intrusive Complex has the potential for large tonnage, open pit uranium of the Rössing Deposit type. Rossing is located in Nambia, Africa and is one of the largest uranium mines in the world, with grades of 0.03% U3O8. The Company has already completed a Phase 1 program consisting of regional and detailed mapping, bedrock sampling and ground scintillometer surveys, and an airborne (helicopter) magnetic, electromagnetic and radiometric survey. More than 2,600 outcrops were mapped with an equivalent number of scintillometer readings, and more than 2,300 rock samples were also taken for ICP-47 Element Geochemical Analysis at ALS-Chemex, that included uranium, thorium, selected rare-earths and ytrrium.
The information in this news release has been prepared and revised by Mr. Jean Lafleur, P. Geo., the Company's principal mineral exploration consultant in Quebec, and Qualified Person under National Instrument 43-101.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Uracan Resources Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.
For further information
Gregg J. Sedun, President and CEO, (604) 682-5580
Keith Schaefer, Vanguard Shareholder Solutions Inc., (604) 608-0824, www.vanguardsolutions.ca
------------------------------
nlightn
18 년 전
WEISS RESEARCH:China’s Uranium Fever!
Sean Brodrick
1/17/2007 8:00:00 AM
A rush of Chinese miners is heading for Australia right now. We’ve seen this kind of thing before — in 1851. Back then, the Chinese miners were after gold. This time, they’re after another metal ... uranium. Will they find it? If history is any guide, yes.
The Chinese are very good at mining. In fact, they were so good at finding gold that the Australians considered them supernaturally lucky. The animosity was palpable, evident in phrases like “a Chinaman’s chance.”
It wasn’t just luck, though ... the Chinese used innovative techniques. For example, Western Australia is often bone-dry, and it’s hard to find water to separate the gold from the dirt. The Chinese solved the problem by digging out gold-rich creek beds and letting seasonal flooding work its magic.
Fast forward to Australia today. Six Chinese companies are among more than 40 mining concerns competing for a license to explore two uranium prospects south of Alice Springs in central Australia. If the Chinese win out, it will be their first wholly-owned Australian uranium project.
I love when Chinese money flows into Australian uranium projects. In fact, one of my original picks for Red-Hot Asian Tigers was an Australian uranium prospector that received an infusion of Chinese cash. I like the stock so much that I told my subscribers to add more at a later date. The two positions closed last week up 88% and 105% from our tracked entry points!
Of course, uranium investments have been doing well in general ...
Great Things Are Happening for
Uranium Around the World
If recent news is any indication, things are only going to get better for uranium in 2007. Take a look at the latest developments ...
In Australia, Prime Minister John Howard is leading the fight to lift his country’s restrictive “Three Mines” policy, which allows only three uranium mines to be open at the same time. Restrictions are being rolled back at the state level as well. This means we could see a regular stampede of miners bringing new resources to market.
In Asia, the Chinese are seeking Australian mining licenses for a very good reason — they plan to import 2,500 metric tonnes of Australian uranium per year by 2020.
The really bullish news is that China’s expected annual uranium demand is three times as much — 7,500 metric tonnes.
Why such strong demand? Because China’s nuclear program is kicking into overdrive. And the same thing is happening in Japan, Korea, and India!
In the U.S., utilities are starting to look at building new nuclear power plants again. While the U.S. has 103 working reactors, no new nuclear plant has been started since the 1970s.
Now, because costs are dropping rapidly, the next wave of nuclear power plants should be able to produce electricity at $55 per megawatt-hour vs. the average rate of $50-per-megawatt-hour at a coal plant, according to a new report from Standard & Poor’s.
Even the $55 figure may prove conservative because the second wave of nuclear plants could benefit from standardization. All told, the cost of a megawatt-hour could potentially drop to about $44!
That’s right, nuclear power could end up being cheaper than coal, and without the tons of greenhouse gases and poisonous ashes that coal plants spew into the atmosphere.
In Canada, you’ll find some of the best little uranium prospectors on the planet. I’ll be speaking to some of them when I head up to the Vancouver Resource Investment Conference in just a few days.
I’ll use that conference as a base of operations to meet with miners, as well as some of Vancouver’s smartest investors. Canada is such a resource investment hub that some of Australia’s best miners list their stocks there as well as on the Australian Stock Exchange.
There’s Still Time to Get on Board
The Great Uranium Train
The tightening supply/demand squeeze in uranium drove the white-hot metal’s per-pound price from $35 to $72 last year. And the picks in my last uranium report catapulted higher — some to triple-digit open gains.
But if you haven’t gotten a stake in uranium yet, you haven’t missed the boat. I expect the squeeze to intensify in 2007 and 2008, in what I call “uranium’s second wave.” And I’m finding some incredible bargain-priced stocks set to ride that wave ... shares that trade in Australia, Canada, even the U.S.
By the end of my trip to Vancouver, I expect to have my final picks for a new uranium report I’m working on, The Small Uranium Wonders.
In the meantime, if you want to play the surging bull market in uranium — what could be the biggest bull market of our lifetimes — consider the Uranium Participation Corp., a Canadian fund that tracks uranium by buying and holding uranium oxide and uranium hexafluoride. The symbol is U on the Toronto Stock Exchange. In the U.S., the symbol is URPTF on the Pink Sheets (URPTF.PK on Yahoo).
But for my money, the biggest returns should come from a bunch of small- and micro-cap miners ... the kind of companies that most investors have never heard of. If you’d like more details, plus a heads up on my next three picks, check out this report.
Yours for trading profits,
Sean
nlightn
18 년 전
Scotiabank Vice President, Industry and Commodity Market Research Patricia Mohr has forecast uranium and zinc as her top picks for investors in 2007, with precious metals, particularly silver, expected to benefit from further weakness in the U.S. dollar.
In her recently published analysis, Mohr said uranium was the third- best performing commodity this year "and will likely be the top performer in 2007." She forecast that spot uranium prices are expected to average US$80 a pound in 2008, possibly ending 2007 close to $90.
"The current upswing in uranium prices represents a `secular'
transformational change in global energy markets—related partly to a shift by utilities from high-priced fossil fuels—rather than
a `cyclical' upswing," Mohr asserted. "Nuclear energy is used
for `base load' electricity generation and will be little affected by an expected modest slowdown in global growth in 2007 (4.7% down from 5.2% in 2006), using `purchasing power parity' estimates."
Mohr noted that international utilities are currently seeking 60
million pounds of term commitments from miners, although U.S.
utilities have built up some inventory. "While exploration activity has surged for uranium—across Canada, Australia, Africa and in Kazakhstan—there has been little improvement in mine production," she said, explaining that a 10-year lag between deposit discovery and new mine development is typical. While higher prices have encouraged the reactivation of some mines and increased production at others, actual mine output probably dropped this year, Mohr suggested, noting the technical difficulties of Australia's Olympic Dam and the fact that
the McArthur River expansion in northern Saskatchewan has yet to
receive regulatory approval.
Mohr forecast that mine production gains will be limited next year.
The woes of Cigar Lake compound the supply problem because it would have been "the first big increase in global supply in many years(ramping up to 18 million pounds)."
BASE METAL SHIFTS
Within base metals, Mohr suggested that leadership has shifted from copper to zinc and nickel, and to a lesser extent, lead. "The correction in U.S. housing activity and Big Three auto assemblies is taking a toll on U.S. copper demand—with most of the recent increase in LME inventories occurring in U.S. warehouses."
Nevertheless, Mohr asserted that the U.S. corrections "had only a
limited impact on overall zinc demand. China's share of global zinc consumption is 2.6 times bigger than that of the United States, limiting the negative fallout on zinc." She also noted that strong U.S. non-residential construction is more zinc-intensive than is home-building.
With global zinc consumption surpassing supplies, Mohr claimed
that "zinc is likely to move even higher in the first half of 2007, before significant mine expansion begins to trim prices in late 2007 and 2008."
Meanwhile, Mohr's analysis revealed that as LME nickel prices surged to a record high this month, China's "enormous growth in stainless steel production is likely to continued in 2007 (up a projected 35%)." Of the 32 commodities covered in Scotiabank's commodity index, "nickel was the top performing commodity in 2006—climbing an extraordinary 159% over the past year." Mohr forecast a "supercycle is expected in nickel, with prices staying strong through 2008."
nlightn
18 년 전
Russia to Dictate Uranium Price Swings?
January 12, 2007 01:00 PM EST
The Conservative Voice
The year gone by was the warmest in England since 1659. Australia may be doomed to suffer the country’s worst drought since the Federation Drought of 1894 – 1902, and at least one Dun & Bradstreet consultant believes if conditions do not improve, the country’s Reserve bank may be forced to lower interest rates. Abrupt weather changes could increasingly become a significant element in determining business expectations and national growth. (While Florida didn’t have the hurricanes the weatherman forecast, Asia got the brunt instead with typhoons.)
The green light for accelerated demand of nuclear energy could come about because of a potential loss of up to 20 percent global gross domestic product annually. This estimate was courtesy of Sir Nicholas Stern, a senior UK economist, who calculated the impact of climate change. And 2007 might pass 1998 by as the world’s warmest year on record. Eight of the twelve warmest years on record have occurred since 1990.
This must be welcome news to uranium speculators, especially those holding the physical metal. Speculators outsmarted U.S. utility fuel managers and industry consultants by hoarding yellowcake in anticipation of the supply deficits now growing. That’s why they are the smart money. But will the nearly 200 consecutive weeks of a rising uranium price sustain through 2007?
By all accounts, uranium miners and future developers should be ecstatic over the $72/pound announcement of the spot uranium price. The latest long-term uranium contract brought $69/pound. Many of the new uranium projects, which we have been tracking since mid 2004, are likely to be economic at or below $60/pound. The broad purpose of a rising uranium price was to dust off the old uranium projects and reopen previously explored, nearly developed uranium mines. This is in the process of bearing fruit.
So why do we see continued hoopla for a higher uranium price? It’s because the speculators need the excitement and panic buying by utilities to unload their uranium stockpile.
Speculators holding physical uranium hope to make a king’s ransom should the uranium price zip through the inflation-adjusted record of approximately $111/pound and race even higher. Uranium oxide, or U3O8, very well could race to $100/pound and beyond. The momentum and panic leading to a much higher uranium price is evident in our research and discussions with industry insiders, but the pendulum might also swing backward later in 2007.
According to Treva Klingbiel, editor of TradeTech’s Nuclear Market Review, which first publishes the weekly spot uranium price on Fridays, “Speculators are holding about 24 million pounds of U3O8 equivalent.” This amounts to about eight times the current U.S. uranium production, more than double the Kazakh 2006 production – some 22 percent of global uranium production in 2005. The speculator’s hoard easily outnumbers the U.S. Department of Energy’s announcement of 5+ million pounds of annual sales.
Smart money got the uranium the utilities previously thought they could get on the cheap, by accumulating it fair and square in the marketplace. And by squeezing on an already tight pipeline, the speculators drove the price to a record high this past December. While the kings that the speculators are holding for ransom are the utilities, at some point we anticipate a backlash.
The Downside of A Rising Uranium Price
There should be fireworks through 2007 as the uranium price approaches and probably crosses the $100/pound threshold, perhaps as early as late spring. While there will be bumps before and after the century mark, anxieties over energy disputes could help sustain a production-friendly uranium price well beyond 2007.
One powerful example of an energy dispute is the ongoing struggle between Russia and its former Soviet states. The Gazprom-Belarus gas dispute, settled on this past New Year’s Day, suddenly evolved into Russia’s Monday cutoff of the Druzhba oil pipeline across Belarus to Germany. Although it is likely to be settled without much fanfare, European leaders again question Russia’s reliability as an energy supplier, especially of oil and gas.
This event reminded Europe of last year’s Ukraine-Russia gas dispute and subsequent soaring energy prices. While not endorsing nuclear power, as this would anger her Social Democrat coalition partners, German Chancellor Angela Merkel announced in a television interview, “…one must consider well what consequences there would be if we shut down nuclear power plants.” Germany plans to shut down four nuclear reactors by 2009 and may close an additional thirteen by 2020.
As we have seen since 2005, the political climate toward a continued nuclear renaissance has grown more favorable. But with all politics, one must expect downsides, too. One such downside for the uranium price cheerleaders could be Russia.
If one looks for the “trigger on the horizon,” as Merrill Lynch mentioned in a December research report, the hiccup in uranium’s price rise could become the U.S. Commerce Department settlement with Russia’s Tekhsnabexport. We discussed this in an article written before last July’s G-8 Summit in St. Petersburg, when we forecast uranium could run between $55 and $100 during 2006 (“Even Higher Uranium Prices This Summer”).
On December 27th, RIA Novosti and others reported upon statements made by the head of Russian-owned Tekhsnabexport that a ‘civilian nuclear power deal’ between Russia and the United States was imminent. Vladimir Smirnov, announced, “I think that in the first quarter of 2007, or by the summer of 2007 at the latest, we will sign an agreement with the U.S.”
At this time, Russia can only sell into the United States through publicly traded United States Enrichment Corporation unless it pays a 116-percent import duty. In mid July, the U.S. International Trade Commission voted to keep the import duty on Russian uranium products. The commission claimed that lifting the anti-dumping restrictions “would seriously harm the American economy.”
Those clamoring for Russian enriched uranium are the U.S. utilities. Last spring, 85 percent of the nuclear power plants formed AHUG (Ad Hoc Utility Group) to lobby the U.S. Commerce Department about loosening up those restrictions. Head of Russia’s Federal Agency for Nuclear Power Sergei Kiriyenko wants a maximum 25-percent share of the U.S. uranium market. He wants to directly deliver the enriched uranium to the U.S. utilities, bypassing USEC at market prices. In December, Kiriyenko said, “We would like to provide direct deliveries to the U.S. nuclear market now and after 2013 (when the HEU-LEU contract is terminated with USEC).”
Russia’s direct sales to U.S. utilities might minimize the current panic. Perhaps it would stimulate some anxiety on the weaker uranium price speculators? Smart money weighs the risks and rewards on an investment. After a steep price appreciation – nearly 100 percent during 2006 – and up by more than 1000 percent since Christmas 2000.
The loan rate for uranium has also jumped since the year 2000. According to TradeTech’s Loan Rate for uranium purchases, the carrying cost is the highest since September 1978. It is one-half-percent lower than the peak months of 1974.
Speculative upside expectations on price appreciation for yellowcake may be limited. For the past year, it was an easy ride. Dwindling inventories, inadequate new mining production and increased demand for new nuclear power plants made 2006 an easy year for speculators. Nonetheless, interest had begun waning during the fourth quarter, before Cameco’s Cigar Lake flooding.
DC-based energy consultant Julian Steyn, who helped co-author A Brighter Tomorrow with U.S. Senator Domenici (R-NM), had told us in May 2006 that interest about uranium mining companies had nearly vanished. In the early months of this past year, he remarked of the large number of phone calls he received from institutions and investors. Judging from the refusal of Florida Power and Light to participate in last summer’s U.S. Department of Energy auction (“because the price was too expensive at $50/pound”), many believed uranium’s price rise would eventually tank. We were told uranium would peak at about $55/pound, perhaps higher, in the fourth quarter of 2006.
Where is the upside and how does that compare to the downside?
The positive development is the changing political climate worldwide. For example, Australia’s Labor Party may allow expansion in this country. This will benefit a large number of Australian-based and Canadian-based exploration and development companies for a short period of time. As we have come to expect, Western Australia is very unlikely to change its uranium mining policy ban. The coal unions overpower the state’s politicians; the loss of jobs would probably prevent this western state from allowing uranium mining.
This spring, the hoopla over uranium mining expansion should create a bubble frenzy for the smaller Aussie uranium miners. The excitement should spill over to the Canadian, U.S. and U.K. traded uranium mining stocks. However, as professional speculators know, the time to sell is “on the news.” Until now, the Australian story remains a mystery, but when the news comes out, it is history. And this gives the speculators another reason to begin unloading their physical uranium.
Conclusion
Between the invasion of Russian-enriched uranium, which may reach a settlement before Labor Day 2007, and the anxiety of speculators now hoarding physical uranium, which we believe has a limited upside potential, 2007 may be remembered as the year of wild uranium price swings. We nicknamed it the ‘Year of the Hiccup,’ because although the uranium price won’t collapse, it will not provide the near-triple-digit appreciation experienced over the past year.
The spectacular price rise convinced Rio Tinto to rescind its offer to sell its Sweetwater Mill and U.S. assets to SXR Uranium One. This confirmed Rio felt the uranium price rise was sustainable above production costs for its assets. (Again, the purpose of the uranium price rise was to encourage the development of new uranium mines – dusting off projects which had been mothballed during the twenty-year uranium drought.) With the current forward momentum, it is very possible the price of uranium will surpass the inflation-adjusted high before edging backward.
Despite the Russian invasion, do not believe the Russians will roll over and flood U.S. utilities with ‘sweet deals.’ Believing this is foolishness. Comparing how the Russian energy companies have played hardball with the former Soviet states, U.S. utilities may later wish they’d not lobbied as fiercely as they have. If you investigate more closely, the Russian companies tend to demand stock shares, as well as increased cash, in the deals they’ve cut with the state-owned energy companies of other countries. What is to stop the Russians from asking for shares in U.S. utility companies?
How does this impact the uranium mining exploration and development companies? For the rational investor and institutions it should have only a short-term negative influence. Professional speculators like to call such down cycles in the secular energy bull market ‘buying opportunities.’ For the smaller exploration companies, many will move onto the next ‘greener’ pasture as they are so fond of doing. The less-financed ones will jump sooner.
Those uranium companies with stronger property portfolios, who are also well-financed, will afford the bumps along this great uranium bull market. It won’t end in 2007 or 2008, or anytime soon. This year will just be a hiccup. But enough of one that many of the 400+ junior uranium companies may be considering a name change around this time a year from now.
COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.
James Finch contributes to StockInterview.com and other publications. StockInterview’s “Investing in the Great Uranium Bull Market” has become the most popular book ever published for uranium mining stock investors. Visit http://www.stockinterview.com
http://www.theconservativevoice.com/article/21905.html#
nlightn
18 년 전
Three reasons to love uranium ...
Weiss Research - Sean Brodrick
1/10/2007
Uranium had a great year in 2006 — prices doubled. But I think that its performance in 2007 could blow the doors off of last year’s results!
That’s why I’m starting to line up my favorite uranium stocks for the coming year. More on that in a moment. First, I’d like to tell you why I’m so bullish on this white-hot metal.
Uranium: The Most
Recession-Proof
Metal I’ve Ever Seen
Hey, I’m a pretty bullish guy by nature. But there are certainly troubling signs when it comes to the U.S. As guys like Mike Larson have been telling you, the housing bubble is imploding, Americans are in debt up to their eyeballs, and more.
Well, guess what? Recession bounces off uranium like bullets off of Superman.
Why? Because uranium is used for power generation, which is mostly immune to economic ups and downs. Even if people can’t afford cable TV, they’ll pay to keep their lights on.
What’s more, utilities plan nuclear power plants many years in advance. Once they’re up and running, you can’t turn them on and off like coal- or gas-fired plants. An atomic power plant demands to be fed!
Even during a commodity bull market like we’ve enjoyed the past few years, other metals like copper have had their ups and downs. But look at uranium — it hasn’t even flinched! As you can see from my chart (courtesy of UX Consulting Company), uranium hasn’t just been climbing over the last two years, it’s been accelerating!
Uranium’s Supply/Demand Squeeze
Keeps Getting Tighter
About 16% of the world's electricity came from 440 nuclear reactors in 2005, according to the World Nuclear Association. That required about 77,000 metric tonnes of uranium.
But mines only supplied about 48,000 tonnes of that uranium. The rest was covered by inventories, according to data from the Uranium Information Centre. And those inventories, in turn, came mostly from reprocessed Russian nuclear weapons — a program that is slated to end in just a few short years.
Meanwhile, there are 28 reactors under construction around the world and another 62 being planned:
* Japan intends to add 11 by 2010.
* China hopes to add as many as 30 by 2020.
* India wants to build up to 20 more.
* Russia’s energy goals call for at least 42 new nuclear reactors ... perhaps as many as 58!
Don’t forget about Uncle Sam, either. While the U.S. has 103 nuclear plants producing 20% of its energy requirements, it’s almost embarrassing how old the plants are.
In fact, there hasn’t been a new U.S. nuclear power plant ordered since the 1970s. But that’s about to change! There are 29 pending license requests for the construction of new nuclear power plants in the U.S.
And I expect many more new plants as existing facilities reach the end of their design life and U.S. energy needs increase. Experts are predicting that the U.S. will need 50% more electrical power by 2025.
All told, scientists estimate that the world will need about 900 more nuclear power plants by 2050!
Utilities and other uranium users were already nervous about the supply/demand squeeze. Then disaster struck in October when Cameco’s Cigar Lake Mine flooded.
Cameco planned to bring Cigar Lake online in 2008, with seven million pounds of uranium in the first year and full-scale production of 18 million pounds annually thereafter. Keep in mind, 18 million pounds is more than a tenth of last year's total global demand of 171 million pounds. That’s like the global oil market losing Saudi Arabia’s production!
In 2008, uranium demand was already expected to exceed supply by 25 million pounds. With Cigar Lake seriously delayed, that gap will be 32 million pounds. Put another way — the shortfall in uranium is going to soar by 30% just in 2008.
Sure, Cigar Lake will be brought into production eventually. But meanwhile, demand keeps building up. Uranium consumers around the world can see this squeeze coming, so the race is on. That explains why spot uranium prices basically doubled in the course of a year, and the stocks of near-term uranium producers vaulted higher.
And if you think the rise we’ve seen in uranium is big, just wait till next year!
2008 Could Be the Year of the
Great Uranium Feeding Frenzy!
Most uranium is sold under long-term contracts. But many utilities are now realizing that they’re coming up short. And no wonder — when a nuclear reactor is first fired up, it can use triple its normal amount of uranium oxide.
So far, suppliers have managed to scrape together enough uranium to meet demand.
But by 2008, the situation could reach a tipping point because a lot of uranium users don’t seem to have enough contracts to cover their needs.
Plus, many of the contracts currently in place will end. That means suppliers can negotiate at much higher prices.
So if you think uranium prices have been on a tear so far, just wait. By 2008, we could see an all-out feeding frenzy. And anticipating that crunch, prices should move well in advance.
The Second Wave of Uranium’s
Bull Market Is About to Begin!
I don’t just call uranium the “white-hot metal” because it glows in the dark. Uranium traded at just $20 a pound two years ago. Now, it’s trading well over $70 per pound — a stunning climb of nearly 300%!
But if you think you’ve missed the big move in this market, you ain’t seen nothin’ yet! Even though some of my favorite uranium stocks are up 70% ... 85% ... 103% in just 90 days, I believe we’re now entering the second wave of uranium’s big bull market.
Remember, despite the huge rally in prices, uranium is still dirt-cheap on a historical basis! I say that because uranium hasn’t come anywhere near its old peak once you account for inflation.
In 1978, uranium topped out at $43.40 per pound — but adjusted for inflation, that’s around $145 per pound in today’s dollars. So with uranium now trading at $72 per pound, it could more than double and still not surpass its old highs.
I think we’re looking at $100-a-pound uranium by the end of this year — a 39% move from recent levels. And even at that point, uranium will still have plenty of room to run!
Get Ready For
Uranium’s Next Big Move
If you want to get in the uranium game, you could always buy shares of the Uranium Participation Corp., a Canadian fund that tracks uranium by buying and holding uranium oxide and uranium hexafluoride.
The symbol is U on the Toronto Stock Exchange. In the U.S., the symbol is URPTF on the Pink Sheets. (On Yahoo, that would be URPTF.PK).
But for the really big returns, you can’t beat investing in individual uranium explorers — the smaller cap stocks that are sitting on as-yet-unproven treasure troves of uranium.
The key is separating the dusty gems from the polished turds. That’s why I’m flying up to Vancouver, Canada, for an investment conference in a couple weeks. I’m going to confer with industry movers and shakers ... the behind-the-scenes types who would rather stay in the shadows ... CEOs and engineers of some great little companies ... and guys with mud still on their boots.
I’ll keep you posted!
Yours for trading profits,
Sean
nlightn
18 년 전
Uracan Completes Summer Program on North Shore Uranium Property, Quebec
October 11, 2006
Vancouver, Canada, - Uracan Resources Ltd. ("Company") is pleased to announce that it has completed the Phase 1 summer campaign on the 900 km2 North Shore Uranium Property, Quebec. Results have been received for a small portion of the program, and two priority drill targets have been identified.
The main goal of the program is to, in part, evaluate and validate a potential large volume and low grade uranium resource as outlined in the NI 43-101 technical report for the property (refer to the technical report listed under Uracan at www.sedar.com).
The Phase 1 program included:
* regional and detailed mapping, bedrock sampling and ground scintillometer surveys;
* an airborne (helicopter) magnetic, electromagnetic and radiometric survey;
* more than 2,600 outcrops were mapped with an equivalent number of scintillometer readings
* more than 2,300 rock samples were also taken for ICP-47 Element Geochemical Analysis at ALS-Chemex, that included uranium, thorium, selected rare-earths and yttrium;
The field and geophysical observations to date suggests that the 225 km2 Turgeon Lake Intrusive Complex remains the first priority target.
HIGHLIGHTS:
Two preliminary targets have been outlined from the higher than average scintillometers counts (in the 5,000 to 30,000 cps range) observed for the "Lac Petit" and "Lac Turgeon" historical uranium occurrences in the Complex;
* The 2006 program has shown that the "Lac Petit" occurrence consists of a 7 kilometer by 500 meter NE trending segment of the Complex, containing a number of historical uranium occurrences. The occurrence was sampled in detail (at 100 meter centers) with results pending. There is evidence of magmatic breccias, fracturing, hematization and typical scintillometer readings in the 5,000 to 10,000 cps range;
* The "Lac Turgeon" occurrence consists of a 25 meter wide, near horizontal band of biotite-bearing granites, which is a common host rock for elevated uranium levels in the Turgeon Lake intrusive, over a 1 kilometer distance. The occurrence is in part defined by historical trenches and scintillometer values in the 10,000 to 30,000 cps range.
The North Shore Uranium Property
The lake bottom sediments geochemical data base from the North Shore region indicates that the 225 km2 Turgeon Lake Intrusive Complex, entirely covered by the Turgeon « A », « B » and « C », and WeeGee « A » and « B » Claim Blocks, is highly anomalous in uranium, hosting a significant number of historical uranium occurrences. Second tier uranium anomalies linked to the NE Costebelle « A » to « I » Claim Block appear to be hosted in paragneisses and quartzites of the Wakeham Basin. Granites and pegmatites are characterized by the highest U/Th content, and are geologically similar to the Rössing Deposit type mineralization (300 million tonnes grading 0.035% U3O8, from www.rossing.com).
Previous workers had outlined uraninite and pitchblende disseminations and veinlets in pegmatites and granites of the Complex with numerous historical values in the 0.02% to 0.10% U3O8 range within a wider range of 0.015% to 0.03%, in near surface mineralized zones over a few meters to several kilometres in length;
The Turgeon Lake Intrusive Complex has potential for large tonnage, open pit uranium of the Rössing Deposit type. Rössing is one of the largest uranium mines in the world, and grades ~0.03%. The Company is expecting all final results, data synthesis and priority targeting in the fourth quarter of 2006.
The summer 2006 exploration program on the North Shore was managed by Jean Lafleur, P. Geo., a Qualified Person under National Instrument 43-101 standards. This Press Release has been prepared and revised under the supervision of Mr. Lafleur, the Company's principal consultant in Quebec.
For further information please contact
Gordon Keep
President and Director
(604) 609-6110
Keith Schaefer
Vanguard Shareholder Solutions Inc.
(604) 608-0824 or 1-866-898-0824
www.vanguardsolutions.ca
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