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To 'fazoolius' on 'Uranium Exploration' -
faz - thanks for good research and info -
Mesa mill want all the ore they can get -
its not many uranium & vanadium mills available -
faz - you have all the RSDS info -
next step I guess you make a RSDS web site? -
http://www.ru308.com/
when RSDS makes one? -
your site might be the prefered? -
Imo. Tia.
God Bless America -
In God We Trust -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22004490
Russell Industries: Fact Sheet
Russell Industries (RSDS.PK), a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of July 16, 2007 and recently acquired American Uranium Mining Company (AUMN.PK)
Trophy Resources (TRSI.PK) is excited to announce that their joint venture partnership with Russell Industries, Inc andAmerican Uranium Mining Company has received an exploratory mining permit for the initial uranium holdings in San Juan County, Utah.
This permit, (Claims UMC 391224 - 391273 / Permit E/037/125), will allow the companies to begin the process necessary to establish the true potential of this property in ore reserves, as well as its grade, with the objective of establishing a full scale mining operation in the near future.
322 mining claims already in house between AUMN and RSDS.
54 Pay Day Mine claims
100 Rage Claims (permit due on August 13th)
50 Rockie Claims
50 Cache Claims (permit in hand)
68 Mesa Claims (held by AUMN)
RSDS Claims (254):
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22004453
AUMN Claims (68) and map for all 322 claims:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21923428
Pay Day claims evaluation:
Monday January 29, 9:30 am ET
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (RSDS.PK) reports the following update regarding its proven and probable reserves. When extrapolating the preliminary report from Edge Consulting in December 2006 and information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) with an average grade of .27% and a cutoff of .10. An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The current market price for Uranium is $71.00 per pound and $20.00 for Vanadium. The extrapolation of these parameters indicates the range of ore in the claims to have a value range in excess of $38,340,000. The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days," Rick Berman, President.
At the time of this report, Uranium and Vanadium prices were much lower than today’s current market price. Using today’s valuation, the 54 Pay Day claims could have a value in excess of $59,400,000.
Operational plans for Exploration of 322 claims.
RSDS already has been approved for a permit for exploration on the Cache claims.
Link to Full Report via pdf:
http://www.geocities.com/fazoolius_2006/Exploration_Reclamation_Contract.pdf
JPEG Image files:
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Note: Some information such as e-mail addresses, and bank routing numbers were erased for privacy protection.
RSDS is currently awaiting approval for permits on the Rage claims and one other claim set.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21524582
Acquisition of American Uranium Mining Company, AUMN.
At the current share price, AUMN is worth $800,000 USD.
HOUSTON, TX, Jun 18, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has acquired American Uranium Mining Company ("AUMC"). AUMC owns 68 Uranium Mining Claims located in the Brigerjack section, San Juan County, Utah. "This acquisition is synergistic with Russell Industries focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County," said Rick Berman, President and CEO.
Joint Venture with Trophy Resources.
Russell Industries currently has a joint venture with Trophy Resources. The CEO of Russell is on the board of directors. Trophy Resources brings the O&G expertise to the table and could potentially open up the 322 claim set to O&G exploration.
CLEVELAND, OH, Jul 25, 2007 (MARKET WIRE via COMTEX) -- Trophy Resources, Inc. (PINKSHEETS: TRSI) announced today that they have completed the due diligence and are proceeding with the acquisition process of an initial block of 65 uranium claims. This is the first phase of our uranium claim acquisition program to acquire the maximum of 310 claims allowed under federal guidelines.
The claims are located in the North Cottonwood area of San Juan County, Utah. They run in concert with and geographically complement those owned or currently being acquired by Trophy's JV partners: Russell Industries (PINKSHEETS: RSDS) and American Uranium Mining Company. While the three companies are independently operated, they have a JV agreement in place allowing for the best use of over all resources in the development of these claims.
Completed 504.
HOUSTON, May 31, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has completed its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission.
"The Company has positioned itself to continue its strategic plan for 2007 by acquiring an additional 50 Uranium mining claims, quantifying and valuing its present claims and make application to mine part of its claims. We are also contemplating the purchase of certain drilling equipment if our cost analysis indicates this to be advantageous," said Rick Berman, President and CEO.
Quarterly report stating the money invested in mining claims as well as the money spent through June 30, 2007 on exploration.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21949698
Share Structure:
Authorized Shares: 2,000,000,000 as of 05/29/2007
Outstanding Shares: 1,797,025,996 as of 5/29/2007
Restricted Shares: 150,737,759
Float: 1,646,288,237 as of 05/29/2007
Market Cap: $898,513
RSDS NEWS ARCHIVE (courtesy of Righty)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21911266
NI 43-101 reports due for all 254 claims held by RSDS.
HOUSTON, May 02, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has acquired an additional 50 Uranium Mine Claims in San Juan County, UT. The claims are located in close proximity to the Company's other Rage Claims.
This acquisition raises Russell Industries current total of San Juan County Uranium Claims to 254, covering an area of 5,080 acres. The company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May.
"We have elected to engage two independent geologists to issue NI 43-101 compliant reports to establish an economic valuation of the underlying assets of the claims we now have in house," said Russell Industries President and CEO Mr. Rick Berman.
A National Instrument (NI) 43-101 report is the standard that Canadian Securities Administrators have developed to regulate how public companies or "issuers" can disclose scientific and technical information about mineral projects to the public. This report is also used in the EC as a standard that investment funds use when evaluating potential investments. The report is expected to be delivered during the fourth quarter of 2007.
!!!!THIS STOCK HAS GOT TREMENDOUS POTENTIAL!!!! With news that we are executing the Plan of Operations for the Cache claims and beginning work on the Rage claims this can and will see upward movement. When the valuation of all 322 claims comes in (not just the 54 claims valued at $59,400,000 at todays U308 prices) this baby will move even higher.
This is a great buying opportunity and will be one hell of a ride over the next few months.
-faz
hi faz, good evening - I praise you for these very
good info for us and RSDS -
I hope the uranium make it to -
Mesa Mill soon -
its all in high demands -
ya your info -
you can make it to fit nice into the (U3O8) ibox -
its the old uranium and vanadium mines in US -
mining properties close to the only -
Mesa Uranium & Vanadium Mill in US -
for RSDS its to sit on the nuce reactors -
but it hasn't waked up yet -
its like the giant in sleep? -
faz - let's wake it UP! -
its about time overdue -
very good research work of you -
RSDS - should consult and higher you -
for their own sake -
Note.
Rick do you hear me? -
Imo. Tia.
Have a nice weekend -
God Bless America
Ps.
http://investorshub.advfn.com/boards/board.asp?board_id=7773
faz, its will make to SI also -
http://siliconinvestor.advfn.com/searchresults.aspx?where=Subject&SearchStr=RSDS
Some good info for RSDS and AUMN.
Info on AUMN claims in San Juan County, Utah.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21923428
Quarterly Report released by Berman for RSDS.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21949698
Monday, August 13th is supposed to be the announcement of the approval for 2 more claim sets.
-faz
petty cash thanks - *** Great *** RSDS *** NEWS *** -
Trophy Resources, Inc.
(PINKSHEETS: TRSI) announced today that they have completed
the due diligence and are proceeding with the acquisition
process of an initial block of 65 uranium claims.
This is the first phase of our uranium claim acquisition
program to acquire the maximum of 310 claims allowed
under federal guidelines.
The claims are located in the North Cottonwood area
of San Juan County, Utah.
Note -
They run in concert with and geographically complement
those owned or currently being acquired by
Trophy's JV partners: Russell Industries
(PINKSHEETS: RSDS)
and American Uranium Mining Company.
While the three companies are independently operated,
they have a JV agreement in place allowing for the best
use of over all resources in the development -
of these claims.
"This is a key step forward for the Mining Division
of our company.
We plan to have these initial 65 claims in house
in the next 30 days," said Eric Leonetti,
President and CEO of Trophy Resources.
"Our relationship with our Director, Rick Berman,
Russell Industries and American Uranium Mining Company,
is producing the opportunities that the company expected.
We believe that a long-term bond between
the three companies serves many aspects of our
individual plans.
This synergism will allow for the sharing of experience
and expertise, and will specifically offer a more
cost effective approach."
The companies have elected to engage two independent
geologists to issue (NI) 43-101 compliant reports to
establish economic valuation of the underlying assets.
They also plan to explore the possibility of oil,
natural gas, and coal bed methane on the group's
independent holdings in San Juan Basin, Utah.
http://app.quotemedia.com/quotetools/popups/story.jsp
Picture of high grade ore from
the Lisbon Valley, UT which is very close to
the cache mine claims -
that's very close to Mesa Mill -
All of the claims in relation to the white mesa mill:
http://investorshub.advfn.com/boards/board.asp?board_id=7773
We are looking forward to being able to validate the proven
and probable reserves of this claim area," said
Rick Berman, President and CEO of Russell Industries -
Rick should contact Mesa Mill next -
Mesa Mill looking for more ore -
and they have the experience to send the equipment out -
to do a bulk test shipment from the old mine workings? -
The permit was approved by the Division -
and Mesa Mill knows the rest how to go about to mine it etc.
Mesa Mill has a list of all available mine contractors -
in the area etc. its a piece of yellow-cake standard routine -
daily job for them at the mill office -
nothing to it really -
not a big deal for Mesa but can be real good for RSDS
of Oil, Gas and Mining for the State of Utah -
and allows for 33 holes -
one wet and 32 dry to be drilled -
The Company has applied for two other permits
and expects receive the second by August 13 -
The Company is reviewing proposals for the purchase
of drilling equipment -
Do anyone know about drilling machine for sale? -
"We are pleased with Bureau of Land Management's approval
of our permit.
We are looking forward to being able to validate the proven
and probable reserves of this claim area," said
Rick Berman, President and CEO of Russell Industries.
Who has a map for the Cache Mine Claims -
location? -
Russell Industries, Inc. -
(RSDS.PK) announces that it has received approval
for its Plan of Operations for uranium exploration
on its Cache Claims in San Juan County Utah -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21541836
God Bless
fazoolius thanks - Picture of high grade ore from
the Lisbon Valley, UT which is very close to
the cache mine claims -
that's very close to Mesa Mill -
All of the claims in relation to the white mesa mill:
http://investorshub.advfn.com/boards/board.asp?board_id=7773
We are looking forward to being able to validate the proven
and probable reserves of this claim area," said
Rick Berman, President and CEO of Russell Industries -
Rick should contact Mesa Mill next -
Mesa Mill looking for more ore -
and they have the experience to send the equipment out -
to do a bulk test shipment from the old mine workings? -
The permit was approved by the Division -
of Oil, Gas and Mining for the State of Utah -
and allows for 33 holes -
one wet and 32 dry to be drilled -
The Company has applied for two other permits
and expects receive the second by August 13 -
The Company is reviewing proposals for the purchase
of drilling equipment -
Do anyone know about drilling machine for sale? -
"We are pleased with Bureau of Land Management's approval
of our permit.
We are looking forward to being able to validate the proven
and probable reserves of this claim area," said
Rick Berman, President and CEO of Russell Industries.
Who has a map for the Cache Mine Claims -
location? -
Russell Industries, Inc. -
(RSDS.PK) announces that it has received approval
for its Plan of Operations for uranium exploration
on its Cache Claims in San Juan County Utah -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21541836
God Bless
Russell Industries: Permit received -
HOUSTON, TX, Jul 25, 2007 (M2 PRESSWIRE via COMTEX) --
Russell Industries, Inc. -
(RSDS.PK) announces that it has received approval
for its Plan of Operations for uranium exploration
on its Cache Claims in San Juan County Utah.
The permit was approved by the Division of Oil, Gas
and Mining for the State of Utah and allows for 33 holes,
one wet and 32 dry to be drilled.
The Company has applied for two other permits
and expects receive the second by August 13.
The Company is reviewing proposals for the purchase
of drilling equipment.
"We are pleased with Bureau of Land Management's approval
of our permit.
We are looking forward to being able to validate the proven
and probable reserves of this claim area," said
Rick Berman, President and CEO of Russell Industries.
About Russell Industries, Inc.
Russell Industries,
a Nevada Corporation, was incorporated in 1997.
Russell Industries is a holding company -
that will acquire assets in the energy, mining, healthcare
and financial industries.
The Company owns a majority ownership interest -
in 322 Uranium Mining Claims -
as of July 16, 2007 and recently acquired -
American Uranium Mining Company (AUMN.PK).
Safe Harbor
This press release contains forward-looking statements --
Ask your broker-dealer whether it has any
Rule 15c2-11 information before you invest.
Source: Russell Industries
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
-0-
http://tinyurl.com/2ff998
http://investorshub.advfn.com/boards/board.asp?board_id=7773
Denison Increases Ownership in OmegaCorp to 78.6%
Wednesday July 18, 4:41 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Jul 18, 2007 --
Denison Mines Corp.
("Denison" or the "Company") (DML: TSX)(AMEX:DNN - News)
is pleased to announce that it has increased its holdings
in OmegaCorp Limited ("OmegaCorp") (ASX:OMC.AX - News)
to approximately 78.6%.
On July 17th and 18th, 2007 Denison acquired approximately
37 million common shares of OmegaCorp at $AU1.30 per share
through the facilities of the Australian Stock Exchange (ASX).
Denison now holds approximately 121 million shares of
OmegaCorp out of the approximately 154 million shares
issued.
On July 13, 2007, Denison waived the conditions to its
takeover offer to acquire all of the remaining shares
of OmegaCorp that it does not already own.
To this effect, Denison filed a Revised and Supplementary
Bidder's Statement with the Australian Securities
and Investment Commission (ASIC) and
the Australian Stock Exchange (ASX).
At the time, Denison owned approximately 33% of the
common shares of OmegaCorp.
The waiver of all conditions allows Denison to purchase
common shares on an "on market" basis.
Denison expects to continue to acquire additional
common shares on market if and when opportunities
present themselves during the bid process.
Copies of the Bidder's Statement and Revised and
Supplementary Bidder's Statement are available
on www.sedar.com.
Denison Mines Corp.
is a premier intermediate uranium producer in North America,
with mining assets in the Athabasca Basin Region of
Saskatchewan, Canada and the southwest United States
including Colorado, Utah, and Arizona.
Further, the Company has ownership interests in two of the four uranium mills operating in North America today.
The Company also has a strong exploration portfolio with
large land positions in the United States, Canada
and Mongolia.
Correspondingly, the Company has one of the largest
uranium exploration teams among intermediate
uranium companies.
Cautionary Statements
This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Denison Mines Corp. ("Denison").
Forward looking statements include, but are not limited to, statements with respect to estimated production; the expected effects of possible corporate transactions, the development potential of Denison's properties; the future price of uranium; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; currency exchange rate fluctuations; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of uranium and vanadium; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed in or referred to under the heading "Risk Factors" in Denison's Annual Information Form dated March 27, 2007 available at www.sedar.com and its Form 40-F available at www.sec.gov. Although management of Denison has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Denison does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. Readers should refer to the Annual Information Form and the Form 40-F of the Company for the fifteen month period ended December 31, 2006 and other continuous disclosure documents filed since December 31, 2006 available at www.sedar.com, for further information relating to their mineral resources and mineral reserves.
Contact:
Contacts:
Denison Mines Corp.
E. Peter Farmer
(416) 979-1991 ext. 231
(416) 979-5893 (FAX)
Denison Mines Corp.
Ron Hochstein
(604) 689-7842
Denison Mines Corp.
James Anderson
(416) 979-1991 ext. 372
(416) 979-5893 (FAX)
Website: http://www.denisonmines.com
Source: Denison Mines Corp.
http://biz.yahoo.com/iw/070718/0279883.html
http://investorshub.advfn.com/boards/board.asp?board_id=7773
http://investorshub.advfn.com/boards/board.asp?board_id=9118
http://investorshub.advfn.com/boards/board.asp?board_id=7743
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57097&ref=IH
http://siliconinvestor.advfn.com/subject.aspx?subjectid=56922&ref=IH
Russell Industries: -RUSSELL INDUSTRIES: CORRECTION FOR APPROVAL DATE
7/17/2007
HOUSTON, TX, Jul 17, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Russell Industries, Inc.
(RSDS.PK) announces that it has received preliminary approval
for its Plan of Operations for uranium exploration on its
Rage Claims within the Monticello Ranger District
of San Juan County Utah.
The letter dated July 12, 2007 stated that
"Our internal resource specialists are reviewing the project
and there is a Request for Comments out to the public
for their input and any concerns they may have.
Currently, there are no significant issues identified and
if no other issues are raided, we should have the Plan
of Operations approved by August 13, 2007.
If issues are raised, however, more time will be needed
to analyze these before the Plan can be approved."
"We are pleased with the update and are optimistic that
any issues from the Request for Comments would not
be significant, therefore they should be resolved quickly
and so should approval of our Plan of Operations," said
Rick Berman, President and CEO of Russell Industries.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated
in 1997.
Russell Industries is a holding company that will acquire
assets in the energy, mining, healthcare and
financial industries.
The Company owns a majority ownership interest in -
322 Uranium Mining Claims -
as of July 16, 2007
and recently acquired
American Uranium Mining Company (AUMN.PK).
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.
CONTACT:
Investor Relations
Fax: +1 281 298 9055
WWW:
http://www.irrsds@aol.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Apples and Oranges or The light is better over here...
http://www.uranium.info/index.html
http://investorshub.advfn.com/boards/board.asp?board_id=7773
Denison Initiates Ore Buying Program for White Mesa Mill -
Thursday July 5, 8:20 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Jul 5, 2007 --
Denison Mines Corp. -
("Denison" or the "Company") (Toronto:DML.TO - News)
(AMEX:DNN - News) is pleased to announce the start of
a uranium ore buying program to supplement feed for
the Company's 100% owned White Mesa Mill in Utah.
The White Mesa Mill -
is a 2,000 ton per day dual circuit mill and is currently
the only conventional uranium mill operating in the U.S.
Ore from the Company's mining operations in the U.S.
is currently being stockpiled at the Mill with processing
scheduled to start in the first quarter of 2008.
The addition of purchased ore from third parties will
maximize the efficiency of this large capacity mill.
The Company anticipates purchasing approximately 40,000 tons
of uranium ore per year.
The ore buying schedule for the month of July is posted on
the Company's website -
http://www.denisonmines.com
and will be updated monthly.
Ron Hochstein, President and COO of Denison, commented,
"This new ore buying program is the first for -
the White Mesa Mill since 1998.
With current all time high prices, the uranium industry
has been rejuvenated in the four corner states area
with several mines being re-opened, including the Company's.
Denison's mill is the only operating one in a 500 mile radius
in the heart of the historic uranium producing district in
the U.S. and we very much look forward to working with
the independent miners in the region."
Denison Mines Corp.
is a premier intermediate uranium producer in North America,
with mining assets in the Athabasca Basin Region
of Saskatchewan, Canada and the southwest United States
including Colorado, Utah, and Arizona.
Further, the Company has ownership interests in two of
the four uranium mills operating in North America today.
The Company also has a strong exploration portfolio with
large land positions in the United States, Canada and
Mongolia.
Correspondingly, the Company has one of the largest uranium
exploration teams among intermediate uranium companies.
Cautionary Statements
This news release contains "forward-looking statements"--
- forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended---- disclosure documents filed since
December 31, 2006 available at www.sedar.com,
for further information relating to their mineral
resources and mineral reserves --
--Inferred Mineral Resource exists, or is economically or
legally mineable.
Contact:
Contacts:
Denison Mines Corp.
E. Peter Farmer
(416) 979-1991 ext. 231
Denison Mines Corp.
Ron Hochstein
(604) 689-7842
Denison Mines Corp.
James Anderson
(416) 979-1991 ext. 372
(416) 979-5893 (FAX)
Website:
http://www.denisonmines.com
Source: Denison Mines Corp.
http://biz.yahoo.com/iw/070705/0274289.html
The White Mesa mill -
http://investorshub.advfn.com/boards/board.asp?board_id=7773
http://investorshub.advfn.com/boards/board.asp?board_id=9118
http://investorshub.advfn.com/boards/board.asp?board_id=7743
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57097&ref=IH
http://siliconinvestor.advfn.com/subject.aspx?subjectid=56922&ref=IH
I bought a small position in DEJ last week
To 'timhyma' on 'Uranium Exploration' -
welcome to our Uranium Exploration forum -
thanks for the info -
its massive -
do you have any small cap. -
uranium exploration comp. you
would recommend? -
Tia.
Bob
Denison Mines U.S. Uranium Mill (Monopoly?) -
Tuesday July 10, 8:43 am ET
James Finch submits: He who owns the uranium mill makes the rules.
In an out-take from our interview with Yellowcake Mining director Dr. Robert Rich, he told us that the company that owns a uranium mill controls the area.
According to a news release, announcing the company’s ore buying program, Denison Mines (AMEX: DNN - News) operates the only uranium mill within a 500-mile radius of Blanding, Utah. Strategically located, the company’s White Mesa mill is in the heart of the Uravan uranium mining district.
In truth, it is the only operating conventional uranium mill in the United States. According to a U.S. Energy Information Agency [EIA] update issued this past May, the other three uranium mills are on standby.
For the time being, Denison has a monopoly on conventional uranium milling in the United States. Under these circumstances, a company can charge whatever it wishes.
Roll back the clock. When you have zero competition, one can buy uranium for the same price others paid in 2005. In Denison’s case, the company’s mill can purchase uranium for about one-quarter to one-third of TradeTech’s long-term uranium price – between US$24 and $US35/pound – depending upon the ore grade. Two Junior Uranium Companies Respond
Although this could become a cash cow for Denison Mines, two junior uranium mining companies we interviewed sounded like they had been smacked between the eyes with the back end of a billiard stick.
In correspondence we had with Newsweek magazine’s Jim Moscou, following an interview he conducted with us for an article he was writing about uranium mining, we discussed whether or not Energy Fuels would be in production during 2007.
It appears the debate is now a moot one.
“The ore buying schedule shows the improbability of working with those guys,” Energy Fuels spokesman Gary Steele told StockInterview.com. “It clearly hurts our cash flow.”
Steele was referring to the 1500 tons of ore his company hoped to stockpile between now and the end of the year. According to Denison’s ore buying schedule (.pdf ) posted on the company’s website this past week, Energy Fuels would be lucky to get US$154.40 per ton of ore brought to the White Mesa uranium mill in Blanding, Utah.
Steele told us the ore would likely grade 0.2 percent U3O8 and 0.63 percent V2O5 (vanadium pentoxide) from the company’s mining operations at Whirlwind in Colorado. Using the long-term uranium price indicator and an ‘historical’ pricing for vanadium, published on the Denison website, the Energy Fuels ore should be valued at US$424 per ton.
Under the Denison milling arrangement, Energy Fuels would receive less than US$40/pound for the company’s uranium production.
Where is the profit?
Steele would not provide mining costs at Whirlwind, but he did provide guidance of $0.25 per ton/mile in transportation costs to the Denison mill. Trucking could cost in the neighborhood of $46/ton to ship the ore to Blanding, Utah. Mining costs in the Uravan district are likely to be in the US$60 –80/ton range, according to Denison’s president Ron Hochstein. Capex could fall into the US$6/ton range, according to estimates provided by another company. And there are likely to be other costs, which we’ve not calculated. Additions could also include environmental permitting and reclamation, and typical sales and administration expenses found in any business enterprise.
Under the ore buying schedule, Energy Fuels might receive about US$42 per ton after expenses, a bit more than US$10/pound – about 7.4 percent of the current spot price. For the 1500-ton lot, Energy Fuels might receive a check of approximately US$230,000. But, after paying its bills, the company’s 2007 production may only yield around $60,000.
It is no wonder that Steele told us, “We’re struggling with the milling question.” Optimistically, Steele announced, “Our plan is to press on with multiple plans, strategies and approaches to produce yellowcake.” He wouldn’t rule out constructing a mill.
We wanted a second opinion. So we talked to Michael Collins, chief executive of Blue Rock Resources.
Blue Rock’s lead project is the Tramp uranium mine in Montrose County, Colorado. It is about 130 miles from the White Mesa mill.
Collins agreed with Steele about the Denison ore buying program. “It’s not the route we would like to take,” Collins told StockInterview.com. Collins is now putting together his plan of operation to present to the U.S. Bureau of Land Management [BLM] and is planning on raising about C$4.5 million to help develop the project.
He told us the average grades at the Tramp mine are 0.3 percent U3O8 and between 1.5 and 1.7 percent V2O5. The project could host 300,000 pounds U3O8. “We are aiming to define one million pounds,” Collins said. If he does proceed with the Denison program, Collins believes his company could stockpile about 100 thousand tons over the next 18 months.
Denison’s Hochstein confirmed that his company was talking with Energy Fuels, Blue Rock and others about milling agreements.
During our telephone conversation with Collins, we calculated his benefit in using the Denison ore buying program. According to Collins’ calculations, he would receive a little less than US$250 for each ton of uranium/vanadium ore his company shipped to White Mesa for milling.
Collins estimated mining the ore would cost about $65/ton. To ship his ore the 130-mile distance to Blanding would cost between $35 and $40/ton. His infrastructure and development costs would add up to about $9/pound. He told us it was too early to estimate his administrative and other expenses, but Collins gave us the impression he runs a lean operation.
However, his company’s disadvantage is the royalty paid for the Tramp uranium mine. For each ton of ore Blue Rock mines, the company would have to pay a US$90 royalty. Collins said, "The royalty is paid on the spot uranium price.”
Adding up the all-in costs, according to Collins’ estimates, it would cost Blue Rock about US$200/ton, perhaps more, to bring the ore to Denison. Each ton of Blue Rock’s ore would pay out on the order of US$48 to $50/ton, after expenses. Collins told us he would get six pounds U3O8 per ton with his grades. After all is said and done, Blue Rock would be getting between US$8 and $8.50 per pound for uranium.
As for building a uranium mill for the Tramp mine and his company’s other three projects in the area, Collins told us, “A new uranium mill could take over seven years to permit in Colorado.”
Clearly, he was disappointed with the Denison program, saying, “It’s as bad as I could have hoped for.” But he is not ruling out some future agreement with Denison. Collins told us he was still hoping to secure a toll-milling contract for 100 thousand tons. “We’ll finance for a year and stockpile the ore,” Collins said. Fortunately, Blue Rock has other encouraging uranium projects which Collins hopes to develop in conjunction with the Tramp mine.
Under a toll-milling agreement, a miner would pay on the order of 20 percent above the milling costs. Instead of getting only $250/ton from Denison to purchase his ore, Collins would obtain a higher payout and retain ownership of the ore.
Also at stake is ownership of the ore, after it is brought to Denison. The miner no longer owns the ore. There is a risk factor for both parties on this item. Both Energy Fuels and Blue Rock told us they wanted to keep the U3O8 after it was milled.
Ron Hochstein told StockInterview, “We will keep it."
Under the Denison agreement, the company will purchase the ore now and pay out after the samples have been assayed. But, the ore won’t get milled until sometime in 2008. White Mesa is going through a $15 million refurbishment program now. Hochstein said, “We will open in March 2008.”
In reviewing the Denison materials on this program, it doesn’t appear publicly traded companies are the target audience for this program. On the company’s website, we found this notice: The White Mesa mill Ore Buying Program provides an opportunity for independent miners to sell their uranium and uranium/vanadium ore to Denison Mines [USA] Corp., the operators of the White Mesa mill, located near Blanding, Utah.
We asked Hochstein who would supply the mill feed. “There are many small miners in the Uravan district,” he said. “They’ve built up stockpiles, and we will get them cash flow.” Hochstein was excited by the initial reaction to his company’s news release. “We got a good number of phone calls,” he said. “Some are asking for ‘just uranium’ milling agreements.”
Under the terms for small miners, Denison will only buy in lots of one thousand tons. “In the past miners would drive up to the mill with the ore in a pick up truck,” he explained. “But we require they use licensed transportation contractors now.” Unlike Steele or Collins, he estimated shipping costs would run about fifteen cents per ton.
“They can make some pretty good money,” he told us. For companies such as Energy Fuels and Blue Rock, Hochstein said, “We will negotiate on deals in 100 thousand tons minimum.” He said the payout would have a slight permutation. “We are still working with Energy Fuels, Blue Rock and others,” Hochstein told us.
He did caution, though, “After we buy the ore, it’s Denison’s, not someone else’s.” Devil’s Advocate"
In a previous news-breaking story, when we reported on flooding at ERA’s Ranger operations, we turned to experts to provide us insights about the subject. Again we asked for their opinions.
“Denison is going to be in for a rude awakening,” one mining expert told us. “The small miners can make more money by selling their claims to junior uranium mining companies.”
Another doubted there was much uranium ore stockpiled, telling us, “It may mostly be reclaimed.” An engineer familiar with the area told us, “Usually, every last ounce of uranium ore was shipped to the mill.”
Both agreed there were drawbacks to the revival of ‘dog-hole mining,’ which is the slang for the smaller mom-and-pop operations. “Many of the old-time miners think they will have ‘environmentalist immunity,’ which they won’t,” said one expert. Another told us, “The dog-hole miners are going to be living night and day with MSHA inspectors.” MSHA is the acronym for the federal Mining Safety and Health Administration.
“In the last cycle, one could take an MSHA inspector out for supper and drinks and he would be lenient, or look the other way,” said the engineer. “But in today’s environment, they are sticklers for the regulations.”
As for the incoming phone calls to Denison about selling stockpiled ore, one expert thought most of the callers would not be legitimate. “There were 500 different operations at one time in the Uravan,” he said. “Maybe ten percent are still around, and most of the miners will be in their 60s now.” Technical expertise is a must, and the industry already has a labor shortage.
In dog hole mining, at least three people are required to mine. Two would work in pairs down the hole and MSHA regulations required one to be on the surface. “The minimum three-man crew would cost about $600/day for labor costs,” said one expert. Then, there are the equipment costs. Radon levels must be tested. “Each piece of equipment would cost at least $50/day just to operate,” he told us.
For those hoping to strike it rich by mining uranium in the Uravan, brand-new equipment costing more than $100,000 is a deterrent. Skilled labor is another, as many uranium juniors have discovered or are discovering.
As for Denison’s ore buying program, time will tell. For those expecting the uranium market to be flooded with ‘tales of stockpiled uranium ore,’ it is unlikely to materialize. Denison expects 40,000 tons of uranium ore during the first year, which amounts to about 40 lots of stockpiled ore.
After that, it is really anyone’s guess as to whether Denison turns to Energy Fuels, Blue Rock and others they’ve talked to, or relies on the mom-and-pop projects to feed White Mesa.
Within the next three years, Uranium One’s Shootaring Canyon in Ticaboo (Utah) could open and offer alternative pricing for mill feed for the area. Ticaboo and Blanding are a little more than two hours driving distance apart.
Energy Fuels’ president George Glasier told a reporter in June, “We believe there is plenty of room for two mills.” He reportedly is preparing to submit applications by the end of this year for a uranium mill in Montrose County, Colorado.
In June 2006, Strathmore Minerals began the process to develop its proposed uranium mill near Grants, New Mexico, less than 300 miles from Blanding. This past November, the company announced the purchase of land for the mill site and initiated the first step required by the U.S. Nuclear Regulatory Commission as part of the license application package. To the north, Rio Tinto’s Sweetwater uranium mill in Wyoming has a capacity of 3,000 tons/day. It is presently the largest uranium mill in the United States. Nearly 400 miles to the east, the uranium mill at Canon City (Colorado) has been beset by environmental problems, including air quality violations and contamination issues. It remains on standby indefinitely. For the next few years, Denison has a monopoly on hard rock uranium mining in the United States. Conventional uranium mining will rev olve around the company’s White Mesa mill. Until the rocks go in the box and get milled, the ore has no value – no matter what the spot or long-term uranium price is. But, the ore buying schedule the company published this past week certainly provides a significant financial incentive for others to follow in Denison’s footsteps. Now, several uranium miners have the motivation to establish their own uranium fiefdoms by building uranium mills.
http://biz.yahoo.com/seekingalpha/070710/40600_id.html?.v=1
http://www.investorshub.com/boards/board.asp?board_id=9118
Bob- care to throw out about 6 U.S. listed stocks to research in regards to possible plays for the remainder of the year?
Briboy thanks,
RE: when is RSDS going to go back up? -
we have to trust RSDS management -
for more news, website etc.? -
RSDS owns and is holding the old mines
properties -
TRSI tells they got a JV-joint venture? -
so TRSI has do ev. more drilling for -
oil, gas etc.? -
or do we get a fusion, merger etc. -
let see what the management working out -
if the intent can become an agreement? -
RSDS - has the old mines properties -
the important mine holdings -
many other uranium explorer do want them -
very attractive holdings -
all in RSDS favour -
Happy 4th
God Bless
http://members.aol.com/ihsoa/crown/sanjuan.htm#top
http://www.investorshub.com/boards/board.asp?board_id=7773
http://siliconinvestor.advfn.com/quote.aspx?ticker=rsds
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57189
Thanks, but when is RSDS going to go back up
I am getting tense
Happy 4th
Briboy fyi. The Lisbon Valley uranium projects in the Lisbon Valley Mining District -
approximately 35 miles south of the town of Moab in San Juan County, Utah.
The Lisbon Valley Mining District is a world class uranium -
mining district with past production of over -
85 million pounds of uranium oxide (U3O8).
The prime target is based upon the concept that uranium
deposits occur on the down dropped, northeast block of
the Lisbon Valley fault.
Of the 85 million pounds of U3O8 produced in the District,
63 million pounds were produced from 15 mines that occur
along a mineralized trend that is ½ mile wide and
16 miles long.
This mineralized trend is on the southwestern flank of
a faulted anticline and is primarily hosted by
the Moss Back member of the Triassic Chinle sandstone.
During the 1960's, miners and geologists working in
the district observed this trend and postulated a
genetic relationship between the uranium deposits and
the anticline and determined that more mines might occur
on the northeastern side of the faulted anticline in a
similar pattern as the southwestern flank.
With this geologic framework in mind exploration efforts
focused on the northeastern side of the anticline in
the hopes of discovering what could be the other half of
the District.
The exploration concept was validated in 1968 when a series
of wildcat drill holes intercepted uranium ore on
the northeast side of the anticline.
Drilling defined a massive tabular ore body
roughly ½ mile wide by 1 mile long containing 3 million
tons at a grade of 0.4% for a total of 22 million pounds
of U3O8 produced.
The size and high grade of the deposit justified the
sinking of two 2,300 foot shafts and the construction
of a 700 ton per day mill which produced yellowcake
(uranium oxide - U3O8) in a period when U3O8 prices
averaged $21.00 per pound, the current price is
$138.00 per pound (June, 2007).
The mine was operated by Rio Algom between 1972 and 1988.
The decline of uranium mining in the late 20th century
brought a halt to further exploration until now.
Until the actual targets on the Property are tested they
must be considered conceptual.
Geology
The dominant geologic feature of the Lisbon Valley
is the Lisbon Valley anticline, a salt anticline typical
of the Paradox Basin.
Subsequent to doming the anticline was faulted by
the Lisbon Valley fault, a northwest trending normal
fault along the longitudinal axis of the anticline,
with maximum displacement of over 3,000 feet at
the crest and approximately 2,500 feet at the northwestern
and southeastern ends.
Horst and graben blocks are common along the fault and
are most prevalent at each end of the anticline.
The total stratigraphic section within
the Lisbon Valley anticline measures over 11,000 feet
in thickness.
Sedimentary rocks deposited during Pennsylvanian,
Permian, Triassic, Jurassic, Cretaceous and Quaternary
time are exposed in the Lisbon Valley anticline area.
Uranium deposits are known to occur in three formations
located in the Lisbon Valley.
(1) The Moss Back member of the Chinle Formation
is the most significant in terms of past production and
future targets on the east side of the Lisbon Valley Fault.
(2) Morrison Formation (Salt Wash member), and
(3) the Cutler Formation.
All three formations underlie the
projects primary target areas.
History
Uranium exploration in the Lisbon Valley is entering its
third era of activity.
The previous 2 periods of exploration resulted in a series
of mines stretching for 16 miles forming an actuate belt
of deposits around the Lisbon Valley anticline known as
the Lisbon Valley Mining District.
The earliest reported uranium-vanadium ore discovery was
made in 1913, at the south end of Lisbon Valley anticline
in outcrops of basal Chinle sandstone.
Later in 1948 low-grade uranium was discovered and mined
in the upper Cutler sandstone in the center of
the southwest flank of the anticline.
Prompted by the high demand for uranium and incentive
rewards from the United States Atomic Energy Commission
(AEC), exploration activity in
the Lisbon Valley area increased rapidly.
The host target for the early deposits was
the Permian Cutler formation.
In 1952 while targeting the Cutler Formation,
geologist Charlie Steen drilled into 13 feet
of U3O8 ore (uraninite) in the basal Chinle formation
approximately 100 feet above his planned depth into
the underlying Cutler formation.
Mr. Steen began producing from the Mi Vida mine in 1953.
The discovery of uranium in the basal Chinle Formation
resulted in a new wave of exploration activity.
Following Steen's discovery a dozen companies began
exploring and developing mines in both the Cutler and
the Chinle Formations and shipping the ore to
Salt Lake City and later to Moab.
Imo. Tia.
God Bless
http://members.aol.com/ihsoa/crown/sanjuan.htm#top
http://www.investorshub.com/boards/board.asp?board_id=7773
BOB, ITHI has a new symbol, AUMN.
http://www.otcbb.com/asp/dailylist_detail.asp?d=07/03/2007&mkt_ctg=NON-OTCBB
To 'Briboy' on 'Uranium Exploration'
Bro I agree, JC will heal it all -
all agree we need electricity -
and its an U3O8 for it -
Ex.
comparison with a venture comp. in nuke ind. -
FYI.
And Western Prospector Group (WNP.V) has soared a
staggering about 6,000% in the last three years.
Think about that...
If you had put $5,000 into Western Prospector back in 2003,
you could now be sitting on $300,000.
$10,000 could now be worth $600,000.
And a $25,000 investment in Western Prospector could have
grown to over $1.5 million in just 36 months!
its to be at the right place -
at the right time -
http://app.quotemedia.com/quotetools/popups/story.jsp
Imo. Tia.
God Bless
http://www.investorshub.com/boards/read_msg.asp?message_id=20924283
http://www.investorshub.com/boards/board.asp?board_id=7773
Let's say there is a Global Warming
Problem: JC will be returning
millions of years before it would
likely hurt someone.
Bottom line: Nuclear power is back -- and it's making savvy
investors very wealthy.
U. S. Energy Department analyst Ed Cotter confirms the facts:
"The price of uranium has just about tripled since 2003.
The analysts all seem to agree that it's going to keep going up
and up as the world moves more and more to nuclear power..."
You may be wondering:
Why is nuclear power making a comeback after all these years?
Simple:
The world is running out of oil... and we must find a clean,
cheap, and safe alternative energy source.
Nuclear power fits the bill.
Here's why:
* Nuclear power offers a limitless supply of energy!
Nuclear power doesn't run on oil.
Instead it runs on uranium.
And unlike oil, uranium is quite common in the earth's crust.
In fact, according to the U.S.Department of Energy, uranium
is found in rocks all over the world and is ranked among
the most abundant elements on the planet.
As money manager Robert Mitchell tells Forbes Magazine:
"The world is not running out of uranium.
It's everywhere." - Ex. San Juan, Utah etc. -
* Nuclear power will reduce our dependence on
Middle East oil!
As you may know, most of the world's oil supply is located
in the volatile Middle East.
But uranium is found all over the world.
That means nuclear power will reduce our reliance on
the volatile Middle East.
And BusinessWeek Magazine agrees, stating that
nuclear energy could "boost national security by reducing
our dependence on Middle East oil."
* Nuclear power is clean! Oil, coal, and natural gas
all emit hazardous greenhouse gases into the environment.
But nuclear energy is a clean, emission-free energy source.
That's because it doesn't burn anything to produce
electricity.
Instead, nuclear plants use heat generated by splitting
uranium atoms.
The only thing released into the atmosphere is water!
USA Today reports that "Nuclear power creates virtually
none of the pollution that causes climate change and
delivers electricity cheaper than other forms of
generation do.
If more reliable and cleaner energy is the goal, nuclear
power has to be part of the solution."
And even environmental activists are getting behind
nuclear power...
Listen to what Greenpeace founder Patrick Moore says:
"Nuclear energy is the only non-greenhouse gas-emitting
power source that can effectively replace fossil fuels
and satisfy global demand."
* Nuclear power is cheap!
The Federal Energy Regulatory Commission (FERC) reports
that nuclear power costs 1.72 cents per kilowatt hour...
while oil and gas cost above 5.5 cents.
And here's a startling fact:
The energy in one uranium fuel pellet -- the size of
the tip of your little finger --
is the equivalent of 17,000 cubic feet of natural gas,
1,780 pounds of coal, or 149 gallons of oil.
Bottom line: Nuclear power provides a giant step away
from sky-high gas and oil prices!
* Nuclear power is safe! Hard to believe... but true.
Nuclear power has come a long way since Three Mile Island.
According to Forbes Magazine, today's nuclear plants are
safer than ever because engineers have devised
redundant sensors, which probably would have prevented
the Three Mile Island and Chernobyl disasters.
And get this:
Westinghouse has built a robotic spider that crawls into
the nuclear reactor's steam generators, where humans
prefer not to go, to check for leaks.
President Bush sums it up:
"Thanks to the advances in science and technology,
nuclear plants are far safer than ever before."
Bottom line:
Nuclear power is a safe, clean, cheap, and
limitless energy source, ex. San Juan, Utah etc.
And the need for nuclear power is only going to grow.
According to the Nuclear Energy Institute (NEI),
there are already 103 nuclear plants in the United States...
accounting for 20% of our nation's electricity!
And the U.S. Department of Energy reports that there are
442 nuclear power plants operating in 31 countries around
the world... already generating 23% of the world's
electricity.
I think you'll agree: That's a lot of nukes!
And according to Forbes Magazine, there are 30 new
nuclear plants under construction in 11 countries.
Now, the key ingredient in nuclear power is uranium.
And running all those nuclear plants takes a tremendous
amount of raw uranium ("yellow cake").
That's why the uranium-mining companies have skyrocketed
over the last few years.
But here's the problem...
Soaring Uranium Prices Could -
Crush the Nuclear Revival -
The nuclear power revival has pushed uranium prices
through the roof.
In fact, since 2000, raw uranium prices have jumped
from $7 per pound to roughly $140 per pound.
As you can imagine, that twentyfold cost increase has put
a serious damper on profits for nuclear power plants.
And listen:
Uranium can't just be pulled out of the ground and used
as fuel.
It must first be "enriched." Uranium enrichment is a
critical step in transforming raw uranium into nuclear fuel
to produce electricity.
Nuclear power plants pay about $250 per pound for
usable enriched uranium?
Currently, the enrichment process accounts for more than
40% of their costs?
Add that to the soaring cost of raw uranium, and nuclear
power is no longer a cheap alternative to oil.
In fact, rising costs are threatening to stop the
nuclear power dead in its tracks.
Bottom line:
The nuclear industry must cut costs, or risk an
industry implosion like the one experienced in 1979.
Now, because the demand for raw uranium is so tight,
raw uranium prices will probably continue upward.
And they certainly won't fall.
That means uranium enrichment is the ONLY viable
cost-cutting option... and everybody knows it.
http://app.quotemedia.com/quotetools/popups/story.jsp
God Bless
http://www.investorshub.com/boards/board.asp?board_id=7773
To 'Briboy' on 'Uranium Exploration' -
well, its some mystic around the issue -
"However, there is a big schism in the secret government. Jay Rockefeller and Philip Rothschild support one faction, the Global Warming Faction. Opposing them is the War on Terrorism Faction supported by David Rockefeller and the JP Morgan descendents (Bush, Harriman, Walker etc.). The warming people want to sell 500 nuclear power plants to China and a similar amount to the rest of the world?...
http://www.thetruthseeker.co.uk/article.asp?ID=6790
God Bless
http://www.investorshub.com/boards/board.asp?board_id=7773
NYBob: thanks. I am not sure I believe
in global warming?
To 'dak77' on 'Uranium Exploration' -
http://www.denisonmines.com/files/objects/Henry%20Mountains%2043-101%20Report.pdf
dak77 thanks, the above map in a message from "fazoolius" -
a comparison for RSDS -
very good message from fazoolius -
fazoolius - long RSDS uranium and vanadium research was
deleted by mods? on RSDS??? -
its a shame that's is is an ongoing -
problem with RSDS mods to delete good -
positive RSDS messages? -
I saw it for a few seconds and after all was gone
was wiped out? -
with the above great map - RSDS mining properties
are within the map area -
I didn't found any reason why it should be
gone from RSDS IHub site -
like many other good messages are all gone -
its look like the RSDS mod. try to make all -
in his power to discourage all RSDS long
investors from making any post -
for its way to many good posts wiped out -
Imo. Tia.
In God We Trust
God Bless
RE: 'VANADIUM' on 'Uranium Exploration' -
Ex.
Uses of Vanadium =
Alloys containing vanadium are stronger and lighter, and is
finding expanding use in construction and transport industries.
Vanadium’s principal use is as a strengthening addition
in carbon steel and high strength steel used in structural
applications such as gas and oil pipelines, reinforcing
bars in building and construction, tool steel and
automotive use.
Titanium aluminum vanadium alloys are used in aircraft
components, high speed air frames, rocket motor casings
and gas turbines.
Non steel use includes super alloys, welding magnets and
alloys used in nuclear engineering and superconductors.
Vanadium chemicals and catalysts are used in
the manufacture of sulphuric acid, maleic anhydride,
EPDR rubber and desulphurization of sour gas and oil.
Vanadium products are generally sold via short term
(6-12 months) FOB counter-party contracts between
producers and end users or producers and traders.
The UK based Metal Bulletin organisation publishes a
twice weekly price which is used by the industry as
the de-facto spot price.
Vanadium is sold in a number of forms; either as an oxide
as Vanadium Pentoxide (V205), or less commonly as
Vanadium Trioxide (V203), or as an alloy of iron and
vanadium commonly as FeV80 (80% contained vanadium)
or FeV50.
V205 is typically quoted in USD per pound whilst FeV is
quoted in USD per kilogram.
Ex. of operating modern Vanadium mine -
The combined resource in all categories stands at 147.75 Mt at 0.46% V2O5.
vs. RSDS on the web site said the old mine average about 1% Vanadium plus the Uranium?
Owned by Xstrata plc - one of the worlds largest mining companies -
http://www.pmal.com.au/about_windimurra.16.html
http://www.investorshub.com/boards/read_msg.asp?message_id=20902439
http://www.investorshub.com/boards/board.asp?board_id=7773
Russia’s titanium leader moves upstream for new mines
Russia’s state-owned miner VSMPO is planning to buy titanium, vanadium and molybdenum mines to integrate with its titanium production line.
Author: John Helmer
Posted: Tuesday , 26 Jun 2007
MOSCOW -
Russia's state-owned titanium miner, VSMPO, is moving upstream to acquire new sources of mineable ore. Targets appear to be assets which were acquired almost a decade ago by Vladimir Potanin's Norilsk Nickel group, and by Oleg Deripaska's Basic Element holding company.
VSMPO -- whose Soviet acronym has become its corporate name today, reflecting location in the Sverdlovsk region town of Verkhniye Salda -- produced almost 24,000 tons of titanium last year. It is one of the principal suppliers in the world of the super-hard metal to Boeing and Airbus. Within five years, VSMPO sources say they want to double output capacity to more than 55,000 tons of titanium.
To increase capacity at the smelter, and ensure profitability when they lock in prices for long-term sales contracts, VSMPO says it wants to acquire direct control of additional sources of feedstock: ilmenite, from which it smelts titanium metal; as well as molybdenum and vanadium, alloys also used in the strengthening of special metals.
The problem is that domestic sources of these ores aren't plentiful; were privatized a decade ago; and cost more to develop than private Russian shareholders care to spend on them. For VSMPO, whose controlling shareholder since last year is Rosoboronexport (ROE), the state arms export monopoly, this problem can be solved by making a takeover offer the current owners can't refuse.
ROE controls 96% of VSMPO, through an affiliated unit called Oboronimpex. A block of 4% of the shares is held by veteran director of the titanium complex, Vladislav Tetyukhin. He has remained at VSMPO as chief executive, after the state buyout of co-owner, Vyacheslav Brecht. He made his first fortune importing Mercedes cars to Russia; then used the US courts to oust a group of US investors, who in their turn had bought the asset from Mikhail Khodorkovsky's Menatep banking group.
In the early years of privatization, VSMPO had been used to generate nothing but trading profits abroad; the plant was starved of investment. Brecht began the recovery; Sergei Chemezov, ROE's General Director, and Chairman of VSMPO's current board, is accelerating it.
As Russia's arms exporter, Chemezov saw the purpose in acquiring equity in metals plants like VSMPO as one of protecting the military-industrial complex from input supply volatility. ROE took the view that, if it was exposed to contract problems stemming from the military plants, it should take the role of controlling plant contract compliance. Once that was done, equity acquisition, was followed by management supervision, which was followed for the principal raw materials required by the arms builders. From metal fabrication, Chemezov has followed the vertical integration logic upstream to the rare minerals and metals.
His first new mining target, identified by industry sources, is a mineral sands deposit in southern Russia for zircon, rutile, and ilmenite, the license for which has been held by a Norilsk Nickel- affiliated company called Titan. The deposit, located in the Tambov region south of VSMPO, was first identified, and prospected in the Soviet period.
Since picking up the development option in 1999, Norilsk Nickel has done little with the licence, except to transfer it to a non-core subsidiary. Estimates of the capital expenditure required to develop a mine at the Tambov deposit range from $100 million to $300 million.
Since Potanin and Norilsk Nickel co-owner Mikhail Prokhorov are currently at loggerheads over how to divide their assets, and sell up, both are unwilling to make capital commitments for a payoff too far in the future for them to contemplate. This makes them vulnerable to takeover moves authorized by the Kremlin.
Public criticism by President Vladimir Putin recently of the manner in which Potanin failed to meet his licence obligations, after taking control of the Kovykta gas deposit, has increased Potanin's readiness to concede -- if Chemezov tables a proposal.
For the time being, VSMPO says it is sourcing the ilmenite it needs for titanium sponge from the Ukraine, Kazakhstan, and Sri Lanka. The targets for sources of vanadium also appear to be in Ukraine and Kazakhstan. For the time being, however, Oboronimpex says it hasn't thought of acquiring fresh vanadium mines from Russia's principal vanadium asset owner, the Evraz group--at least, not yet.
Kachkanarsky ore-processing combine (GOK), comprises 20% of the Evraz group's value, is the principal source of its vanadium. It is also the subject of allegations of shareholder and asset fraud, which are currently in litigation in the U.S. state of Delaware. The current Evraz shareholders deny liability.
Evraz, whose principal business is steelmaking, makes no secret that, in addition to Kachkanarsky in Russia, it is pursuing a strategy to take global control of vanadium supplies. This preceded the takeover of a controlling stake in Evraz last June by Millhouse, Roman Abramovich's holding company. Before that move, Evraz had already bought Strategic Minerals Corporation (Stratcor) of the U.S., another vanadium producer. It then moved to buy the South African vanadium source, Highveld Steel & Vanadium. That was a vanadium asset too much for the European Commission, which ruled to allow the Evraz takeover, only on condition that key vanadium assets were sold off. Until that order, Evraz was looking to control between 30% and 50% of the world's vanadium ore supplies.
Now it is widely believed in Moscow that Evraz is likely to be acquired by another of the ROE group, Russpetsstal ("Russian Special Steel", RSS), run for Chemezov by steel industry veteran, Sergei Nosov. Oboronimpex says it hasn't given Evraz or Kachkanarsky a thought. Nosov has told Mineweb it is too early for him to discuss his acquisition plans. Should RSS buy the 41.3% of Evraz which Millhouse bought a year ago, and possibly also the 15% stake still held by Chief Executive Alexander Frolov, vanadium for VSMPO would be safely in ROE's control.
That leaves molybdenum. Many high-strength steel alloys are comprised of 0.25% to 8% molybdenum. Like titanium, the ability of molybdenum to withstand extreme temperatures without significantly expanding or softening make it useful in applications that involve intense heat, including aircraft parts and engines. Molybdenum is also used in alloys on account of its resistance to corrosion.
Oboronimpex says it has molybdenum on its shopping list for mine assets; exactly where to get it remains undecided, or un-announced. There are greenfield deposits of interest in Mongolia, both expensive and risky to develop. At home in Russia, the established molybdenum mines are owned by aluminum magnate Oleg Deripaska. Located in the Russian Caucasus, Deripaska's mining portfolio includes 7 mine and ore-processing companies. The most recent financial data issued by the private holding are for 2004-2005, when production of molybdenum concentrate grew 9% to 7,532 tons. Output of ferromolybdenum in the same period grew almost sevenfold to 1,401 tons. Revenue for the group nearly doubled from $123 million to $225 million.
Deripaska has been obliged to secure Kremlin permission to sell his downstream aluminum fabrication plants to Alcoa in 2005; and to merge and then IPO his bauxite, alumina and primary aluminum smelters this year. No quid pro quo has been spotted, at least not yet, and even with the international price of molybdenum booming, their asset value remains small by comparison. It may be exactly what Chemezov has in mind.
http://www.mineweb.com/mineweb/view/mineweb/en/page39?oid=22589&sn=Detail
http://www.investorshub.com/boards/read_msg.asp?message_id=20902439
LOL, so you caught my dig. I think the future for uranium exploration and discovery in Utah are HUGE !!! All eyes are on Utah right now for US uranium mining.
I'll be watching closely !
To 'dak77' on 'Uranium Exploration' -
thanks, well Utah has the only two operating -
uranium and vanadium mills in US? -
any old mines to be reopened within trucking distance -
to the mills have an huge advantage -
compared to other mines -
who may have to develop their own mills -
which cost in the 100s of millions and -
its a hard task to get the permits etc.? -
fyi....
http://www.investorshub.com/boards/read_msg.asp?message_id=20897502
Imo. Tia.
God Bless
http://www.investorshub.com/boards/board.asp?board_id=7773
Ps.
Marysvale -
dd....
http://www.investorshub.com/boards/quotes.asp?ticker=ucoi
Nice board Bob, looks like you are focusing on Utah exclusively ?
Bro, I am focused on natural resources -
http://www.investorshub.com/boards/read_msg.asp?message_id=20893250
some of the undervalued micros increase in value most -
ex. RSDS with old mines -
the old mines had shallow ore -
close to surface -
MESA mill want all they can get -
it doesn't need to be drilling etc.? -
it possible to blast. scoope out? -
truck it to MESA mill -
who will do the rest -
its a huge advantage for RSDS -
compared to other uranium mines who need to -
do all exploration, development of mill, etc. -
most of the old mines got drilled in early 1950 -
the records with Utah Gov. is still on files -
the right mining pro. eng. and geologist know how to -
do the proper research of the Gov. files -
the vanadium is a great add on to the uranium -
MESA mill has been upgraded to handle both metals -
MESA mill would cost more than 300mil to replace today -
that MESA is close to RSDS mines are great -
Imo. Tia.
In God We Trust
God Bless
THE world must build nuclear power plants at the unprecedented
rate of four a month if nuclear energy is to play a serious
part in fighting global warming, a leading think-tank says.
http://www.news.com.au/heraldsun/story/0,21985,21985197-663,00.html
FYI.
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
http://www.investorshub.com/boards/board.asp?board_id=7773
http://app.quotemedia.com/quotetools/popups/story.jsp
God Bless
Bro Briboy thanks, RE: Hey, what happens to the dollar when it gets
to zero and has no value.....Anarchy perhaps! -
Bro, Gold has kept its real value for 1000s of years -
Gold going higher for the fiatz$ going down -
Second wave LT trend started - of the 5-wave Elliott pattern -
Rhodium and uranium is frontrunner to Gold -
it used to be that all base metals followed Gold higher -
but the more than $30trillion derivative Gold manipulations -
and central banksterz selling off American and EURO
countries Gold -
its keeping Gold on short term manipulation -
but exploding in the POG price going to happen -
Bro when currencies lose its value -
the bottom line is -
Gold PM's and other natural resources incl. uranium going
higher in value -
the fiatzbucky may fall down the cliff any time? -
Imo. Tia.
In God We Trust
God Bless you
Ps. current -
Ex. dd...666mugabe -
http://news.bbc.co.uk/2/hi/business/6240636.stm
Bush says new nuclear plants needed -
President Bush says three new nuclear power plants will be needed each year starting 2015 to keep pace with soaring electricity demand.
June 21 2007: 5:02 PM EDT
ATHENS, Alabama (Reuters) -- President Bush Thursday said U.S. utilities could build up to 30 new nuclear power plants and could start construction by 2010 in order to keep up with growing electricity demand without spurring more global warming.
"It's time for the country to start building nuclear power plants again," Bush said at the Browns Ferry nuclear plant near Huntsville, Alabama, which is operated by the federally owned Tennessee Valley Authority.
Trade-offs and global warming
Bush said the Nuclear Regulatory Commission will likely get 20 applications from utilities to build up to 30 new reactors and said construction could begin by the end of the decade. No new licenses have been filed at the NRC since 1973.
"We're beginning to make some progress," Bush said, prodding the NRC to act on the applications. "That's good news for the American consumer."
It was Bush's third visit to a nuclear power plant since June 2005.
The United States will need three new nuclear power plants to come online each year starting in 2015 to keep pace with soaring electricity demand, Bush said.
Renewable energy could power half the nation
He said nuclear power plants are well suited to feed future power needs because they do not emit the heat-trapping greenhouse gases that are produced by power plants that run on coal.
"There can be no solution [to global warming] without nuclear power," Bush said.
The nation's 104 nuclear plants currently account for about 20 percent of U.S. power generation.
Bush spoke to TVA employees after receiving a tour of the 1,150-megawatt Unit 1 of the Browns Ferry nuclear plant, which reopened last month after being shuttered for 22 years. Top of page
Renewable energy funds are booming
Big Solar's day in the sun
http://money.cnn.com/2007/06/21/news/economy/bc.bush.nuclear.reut/index.htm
Areva's American enrichment plan -
29 June 2007
The US Nuclear Regulatory Commission has released information provided to it by Areva on the company's plans to construct a centrifuge uranium enrichment plant.
A delegation from Areva presented information on its plans on 21 May. It said a 3 million separative work unit (SWU) enrichment plant could begin operation in 2013 and reach full capacity by 2017. Such a development would meet Areva's "strategic business plan of expanding the US commercial nuclear infrastructure."
In 2006 Areva entered into a joint venture project with Urenco, creating a new firm called Enrichment Technology Company (ETC), which then supplied Urenco-developed centrifuges to Areva for its George Besse II plant (GBII), which is currently under construction.
GBII received a licence to operate at up to 8.2 million SWU per year, enriching uranium up to a maximum of 6% in April. The plant's first cascade is set for operation in the first half of 2009.
Areva now propose to create a US company which would use ETC-supplied centrifuges. That company would be 'formally in place' by the third quarter of 2007, said Areva. It would go on to be the licence applicant and thereafter licence holder under NRC oversight. According to Areva's presentation, a contract to perform a site selection study should already have been awarded with the aim of selecting a site by the end of 2007. It expects to submit a licence application in mid-2008, recieve a decision from NRC and begin construction in the second quarter of 2010.
The Areva presentation put its potential plant in the context of the US uranium enrichment situation. Fuel for the USA's 104 operating power reactors requires 12.7 million SWUs of enrichment services per year, but the country relies on imports for more than 90% of that. The downblending of high-enriched uranium from Russian weapons stockpiles provides 50% of supply, but this agreement expires in 2013.
Another factor in the US market is the ongoing struggle over trade in uranium enrichment. The US Department of Commerce has imposed levies on enrichment carried out in France at George Besse I and at Urenco, ruling that the operations were unfairly state subsidised.
Meanwhile, another enrichment plant, the National Enrichment Facility (NEF), is being built in New Mexico by Urenco subsidiary Louisiana Energy Services. NEF has a planned capacity of 3 million SWUs, which it should reach in 2013
Usec is also constructing its American Centrifuge plant in Piketon, Ohio, which would replace its far more energy-intensive gaseous diffusion facility - currently the USA's only uranium enrichment facility. The American Centrifuge has a planned capacity of 3.8 million SWUs, which it should reach in 2012.
French state-owned Areva already operates in 45 locations in the USA through its Areva Inc. subsidiary.
Further information
Areva
US Nuclear Regulatory Commission
WNA's Uranium Enrichment information paper
http://www.world-nuclear-news.org/explorationNuclearFuel/Areva_s_American_enrichment_plan_290607.sht...
The US is long overdue in starting construction of new nuclear power plants...
The price of fossile fuel has become ridiculous and coal is a dirty answer...
It takes years to build a nuclear power plant from scratch we better get in gear...
NYB: Your dd on energy stocks, particularly
Uranium, is unprecedented. I have learned a lot, still have a lifetime of learning, but could not have done it without you,.
many thanks
briboy
To Bro 'Briboy' on 'Uranium Exploration' -
thanks for telling me -
I have not blocked you with purpose -
it has to be a mistake done by me -
or IHub glitch? -
I will try to corrected it a.s.a.p. -
Bro I have you marked in as on of my "Favorites" -
btw.
http://www.u3o8.biz/s/Home.asp
THE world must build nuclear power plants at the unprecedented
rate of four a month if nuclear energy is to play a serious
part in fighting global warming, a leading think-tank says.
http://www.news.com.au/heraldsun/story/0,21985,21985197-663,00.html
FYI.
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
http://www.investorshub.com/boards/board.asp?board_id=7773
http://app.quotemedia.com/quotetools/popups/story.jsp
Bro, God bless you
Bro: you have me flummoxed
there has to be some mistake or miscommunication as to why you have blocked me from PM's. Obviously, you took a message of mine different than it was intended, and I am just surprised you would not come to me first, it feels kind of humiliating, maybe you felt that way too but I don't know what I did.
Anyway, please tell me and I'll leave you be.
thanks
briboy
yo, where Mr. Berman (President and CEO of Russell Industries)
has the knowledge, expertise and personnel necessary
to acquire available uranium claims -
we at Trophy have the background in O&G they lack,"
said Trophy CEO, Eric Leonetti, adding,
"Mr. Berman wanted the ability to properly manage his assets
and exploit the possible existence of -
oil, natural gas and coal bed methane on -
Russell's existing claims -
and we would like to exercise the same principle exploring
for uranium on our current O& G holdings.
This relationship just makes sense.
FYI.
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
http://www.investorshub.com/boards/board.asp?board_id=7773
THE world must build nuclear power plants at the unprecedented
rate of four a month if nuclear energy is to play a serious
part in fighting global warming, a leading think-tank says.
http://www.news.com.au/heraldsun/story/0,21985,21985197-663,00.html
FYI.
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
http://www.investorshub.com/boards/board.asp?board_id=7773
http://app.quotemedia.com/quotetools/popups/story.jsp
God Bless
Hi Roger, Shell's project is stunningly complex.
Instead of strip-mining -
the rock and then processing it, Shell plans to superheat
huge underground areas for several years, gradually
percolating oil out of the stone and pumping it to the surface.
Oil shale deposits in Colorado and neighboring areas of Utah
and Wyoming are estimated to contain 800 billion recoverable
barrels, three times larger than Saudi Arabia's proven
reserves of conventional crude, and the equivalent
of 40 years of U.S. oil consumption.
To stimulate the sector's development,
in June the House passed a bill written by Rep. Richard Pombo,
R-Tracy, calling for much lower royalties on oil shale
than the 12.5 percent for conventional oil and gas.
The bill suggests companies pay royalties of about 1 percent until they recoup their investments.
In early August, the Bureau of Land Management gave a boost
to oil-shale plans, granting preliminary approval to research
and development projects by Shell and Chevron.
On Aug. 25, the bureau took its first steps toward creating
a national oil-shale leasing program, inviting public
comment on proposed rules.
Unlike conventional deposits of petroleum, found in a
liquid form that can be pumped to the surface,
oil shale doesn't even contain oil.
Instead, the rock is impregnated with kerogen,
a chemically immature hydrocarbon --
essentially, oil's geological ancestor.
"If society wanted, it could wait 100 million years
for this kerogen to mature into oil, then drill down
and pump it out normally," said Terry O'Connor, Shell's
vice president of external affairs.
"We're just speeding up the process."
This time, Shell is pioneering a much different technology
that company officials say is more efficient, profitable
and environmentally friendly.
Instead of mining the shale, since 1996 Shell has
experimented with in situ, or in-place, extraction of oil
from the ground.
Twenty-five miles southwest of Meeker, a ranching town
in northwest Colorado, drilling rigs, compressors, ducts
and tanks are scattered across a pinon- and juniper-covered
plateau, connected to scores of electric heaters sunk
hundreds of feet underground.
At each production site, the powerful heaters extend
down hundreds of feet, stretching vertically through
a cylindrical area of shale about 100 feet in diameter.
They then heat the area to about 700 degrees Fahrenheit --
for two to three years.
During this period, the heat ages the kerogen by
the geological equivalent of millions of years,
chemically transforming it into a high-grade oil
that is easily pumped to the surface.
In an experiment that ended in May, 1,500 barrels of
light, sweet crude were produced from one site.
O'Connor, the Shell executive, says these techniques have
been highly successful.
"We believe that we can produce large amounts of oil with
no adverse environmental impact, but we're proceeding
slowly and responsibly to make sure this is true, to
cover all contingencies," O'Connor said.
FYI.
DD....
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
http://www.investorshub.com/boards/board.asp?board_id=7773
http://app.quotemedia.com/quotetools/popups/story.jsp
God Bless
Ps.
well one day this will be tested on UCOI land area also -
Imo. Tia.
Thanks to record uranium prices, a new mining boom is under way. One man saw it coming.
Now he is aiming to be the biggest uranium miner in the world -
history repeat itself -
http://free.financialmail.co.za/07/0622/cover/coverstory.htm
http://www.time.com/time/magazine/article/0,9171,893242,00.html
http://www.investorshub.com/boards/read_msg.asp?message_id=20656128
Bro, RE: the bollies are very tight,
couple that with the Pres speech we are looking up.
So we are holding a sale on our stock here.
Up to 90 % off,summer doldrums sale.
If we get some brown outs with this heat wave
we could be in some major motion up.
well, with more hot uranium and vanadium mines -
assets and a poorest maket value in LT -
we should go back to were RSDS been in
SSP before -
still RSDS on bottom firesales -
RSDS BChart LT TI Bollinger bands -
Sharp moves tend to occur after the bands tighten -
to bazooka kabooooOOOOOMMM911NSS -
RSDS BChart ST TI Bollinger bands -
kaboooo0000OOOOOOOOOMMM911NSS -
the P&F TA TI alert $0.0625 next target -
P&F is the old most reliable TI -
it will be interesting to see it to the target -
to get the 1st bullwave in order -
the consolidation built a solid stage -
for the takeoff -
With the higher uranium and vanadium prices -
the old uranium mine will be target more for -
open pit mining -
they used to be underground mines -
but higher bullion prices and higher demands -
may change it fast? -
1millionfl' on 'Russel Industries ' a bargain RSDS
on firesale - want to see history to repeat itself -
time to hike back UP -
Mesa Mill in U3O8 shortage -
want the yellowcake by truckloads -
as in the old days -
all soon set for the mining -
blast - scoope it out -
shallow deposits -
easy to get to -
prime open pit mining -
Richard M. Berman - owns 149,200,002 RSDS common shares at
June 1, 2007 - disclosure statement -
bro do you try to buy more shares than Richard :) ? -
talk about that the 666banksterzbasherz911nss makes firesales? -
RSDS was a $5 stock a 20 mon. ago -
RSDS has more hard assets today than when it was a $5 stock -
GFY - talk about bottom fishing firesales -
http://www.888c.com/
God Bless
http://www.investorshub.com/boards/read_msg.asp?message_id=20708567
http://www.investorshub.com/boards/board.asp?board_id=7773
USABob: yeah, have plenty of shares but could
not resist .0006, and glad I got it, plus I wanted to show others and prospective buyers my commitment to RSDS, and try to allay any worries that have been documented as fact, when all it is is speculation. Truth is in IBOX,
Lord bless you
briboy
Briboy, congratulations you got a bargain RSDS on firesale -
Richard M. Berman - owns 149,200,002 RSDS common shares at
June 1, 2007 - disclosure statement -
bro do you try to buy more shares than Richard :) ? -
talk about that the 666basherz911nss makes firesales? -
RSDS was a $5 stock a 20 mon. ago -
RSDS has more hard assets today than when it was a $5 stock -
GFY - talk about bottom fishing firesales -
God Bless
http://www.investorshub.com/boards/read_msg.asp?message_id=20708567
http://www.investorshub.com/boards/board.asp?board_id=7773
Good Times Ahead! Bush says new nuclear plants needed -
President Bush says three new nuclear power plants will be needed
each year starting 2015 to keep pace with soaring -
electricity demand.
June 21 2007: 5:02 PM EDT
http://money.cnn.com/2007/06/21/news/economy/bc.bush.nuclear.reut/index.htm
New plans are under way to open nuclear power plants across
the country....
http://dynamic.cnn.com/apps/tp/video/tech/2007/06/03/finnstrom.nuclear.comeback.cnn/video.ws.asx?NGU....
CNN's Kara Finnstrom reports.
ATHENS, Alabama (Reuters) -- President Bush Thursday said U.S.
utilities could build up to 30 new nuclear power plants and
could start construction by 2010 in order to keep up with
growing electricity demand without spurring more global
warming.
"It's time for the country to start building nuclear power
plants again," Bush said at the Browns Ferry nuclear plant
near Huntsville, Alabama, which is operated by the federally
owned Tennessee Valley Authority.
Trade-offs and global warming
Video More video
New plans are under way to open nuclear power plants across
the country. CNN's Kara Finnstrom reports.
Play video
Bush said the Nuclear Regulatory Commission will likely get 20
applications from utilities to build up to 30 new reactors and
said construction could begin by the end of the decade. No new
licenses have been filed at the NRC since 1973.
"We're beginning to make some progress," Bush said, prodding
the NRC to act on the applications. "That's good news for the
American consumer."
It was Bush's third visit to a nuclear power plant since
June 2005.
The United States will need three new nuclear power plants
to come online each year starting in 2015 to keep pace
with soaring electricity demand, Bush said.
Renewable energy could power half the nation
He said nuclear power plants are well suited to feed future
power needs because they do not emit the heat-trapping
greenhouse gases that are produced by power plants that run on
coal.
"There can be no solution [to global warming] without nuclear
power," Bush said.
The nation's 104 nuclear plants currently account for about 20
percent of U.S. power generation.
Bush spoke to TVA employees after receiving a tour of
the 1,150-megawatt Unit 1 of the Browns Ferry nuclear plant,
which reopened last month after being shuttered for 22 years.
http://www.investorshub.com/boards/read_msg.asp?message_id=20656128
http://www.investorshub.com/boards/read_msg.asp?message_id=20656913
URANIUM Demand vs Supply !!!!!!
Charles Steen was born in Caddo, Texas in 1919. He went on to study at John Tarleton Agricultural College in Stephenville and in 1940 transferred to the Texas College of Mines and Metallurgy at El Paso, receiving a bachelor’s degree in geology in 1943. Ineligible for the draft because of his poor eyesight, Steen spent World War II working as a geologist in Bolivia and Peru. Returning to the US in 1945, he married and took a job doing field work for the Standard Oil Company of Indiana.
Down on his luck after losing his job, Steen read an article in the December 1949 issue of the Engineering and Mining Journal which discussed how the US federal government had issued incentives for prospectors to locate domestic supplies of uranium.
As part of the Atomic Energy Act of 1946, the US Atomic Energy Commission had the authority to withdraw lands from the private sector in order to examine them as possible sites for uranium mining. During World War II, the Manhattan Project received most of its uranium from foreign sources in Canada and the Belgian Congo.
However, it also received some from vanadium miners in the American Southwest where uranium was often a by-product of mining (before the first use of the atomic bomb, uranium wasn’t seen as a terribly valuable metal).
As the Soviet Union was reportedly seizing uranium mines in Czechoslovakia and East Germany at the beginning of the Cold War and running them with slave labor consisting of political prisoners, there was anxiety throughout the federal government that the US wouldn’t have enough uranium for its budding nuclear weapons program. A domestic supply of uranium would enable the government to maintain a nuclear self-sufficiency with control of all aspects of the nuclear fuel cycle.
Despite the fact that his three sons were all less than four-years-old, and his wife was expecting a fourth child, Steen borrowed $1,000 from his mother and headed for the Colorado Plateau determined to strike it rich. He couldn’t afford the standard equipment used by uranium prospectors such as the Geiger counter, which could detect sources of radiation in ore. Instead, he used a secondhand diamond drill rig and his geologic training for his prospecting.
At the time, each individual prospector had his own idiosyncratic theory on where to find uranium. The uranium industry was composed primarily of individual prospectors and geologists who would attempt to find a large claim and either mine it for themselves or for a large company (such as Union Carbide) which would then transport the ore from the mine to the uranium mill where it could be converted into yellowcake. Steen's theory on uranium deposits was that they would collect in anticlinal structures in the same manner as would oil. Others on the Plateau dismissed the theory as "Steen's folly."
After Steen's fourth child was born, he moved his family into a small trailer at Dove Creek, Colorado, and then later into a tarpaper shack near Cisco, Utah. He fed them on poached venison and cereal--it was a highly marginalized state of existence that lasted for two years. But on July 6, 1952, Steen hit it big--he found a massive, relatively highly-enriched uranium deposit in the Big Indian Wash of Lisbon Valley, southeast of Moab, Utah. He named it the "Mi Vida" mine (My Life), and it was the first big strike of the uranium boom. Steen made millions off his claims, and provoked a "uranium rush" of prospectors into the Four Corners region, similar to the Gold Rush of the 1850s in California.
In Moab, Steen built a $250,000 hilltop mansion--to replace his tarpaper shack--with a swimming pool, greenhouse and servants' quarters. He formed a number of companies to continue his uranium work, including the Utex Exploration Co, Moab Drilling Co, Mi Vida Co, Big Indian Mines and Uranium Reduction Co.
He made his wealth known by inviting the entire population of Moab to annual parties in a local airport hangar, having his original and worn prospecting boots bronzed and flying to Salt Lake City in his private plane for weekly Rumba lessons. In his later years, Steen was elected to the Utah State Senate and became a philanthropist, donating money for a new hospital in Moab and giving land for churches and schools.
It’s Deja Vous All Over Again
The first Western uranium boom answered a call in 1948 for domestic uranium stockpiles for atomic bombs, making millionaires and overnight towns.
Now, suddenly, nuclear power is back in demand as a relatively cheap, reliable and emissions-free solution to the world's insatiable demand for energy. Even some leading environmentalists have endorsed nuclear power as an antidote to global warming. More than 50 nuclear plants are planned or under construction in a dozen countries, according to US and international nuclear agencies.
The nuclear comeback has reinvigorated a North American mining industry that, during the 1950s, was the stuff of legends. Uranium claims--which grant an exclusive right to mine a piece of federal land--were bought and sold like stock.
The federal government dumped its uranium stocks on the market, depressing the price in the early 1980s. After bottoming out at $7 in 2001, the spot price for milled uranium yellowcake has jumped sharply to over $110 a pound recently.
The Nuclear Regulatory Commission says US utilities are looking at building as many as 27 reactors, and it just licensed a $1.5 billion uranium enrichment plant near Eunice, New Mexico, where a groundbreaking ceremony was held last summer.
Louisiana Energy Services, a subsidiary of Urenco, is building the first US installation that will use modern centrifuge technology. USEC, formerly the United States Enrichment Corporation and an arm of the federal government until 1998, operates a gaseous diffusion plant in Paducah, Kentucky, where pumps and filters separate lighter uranium atoms from heavier atoms in a slower, more power-intensive process.
The nation's 103 operating nuclear power plants already are experiencing dwindling stockpiles of uranium--some of it converted from Russian bombs--while energy-hungry China and India are rushing to build their own nuclear power plants.
Uranium concentrate is in short supply with world consumption of 180 million pounds outpacing annual production of 100 million pounds, according to industry and government estimates. For now, the difference is being made up by dwindling stockpiles--and the shortage is expected to get worse as new plants come online.
US utilities looking at building or adding reactors are motivated partly by the escalating cost of natural gas, and partly by fears the government may tax coal-fired plants for the carbon emissions they release into the air.
Outside of the US, the Nuclear Energy Institute says 27 nuclear plants are under construction in 11 other countries, adding to the world's 442 nuclear plants.
Federal policy, meanwhile, is changing to expedite development of nuclear power.
The Nuclear Regulatory Commission is streamlining licensing and operating approvals for a standardized--and vastly improved--new generation of reactors. The Energy Act of 2005 offered loan guarantees, production tax credits and partial reimbursement against regulatory delays for builders of nuclear plants.
What will drive uranium prices higher -
to make many nations to try to stockpile uranium -
Ex.
A third US carrier, the nuclear-powered USS Enterprise Strike Group is speeding towards the Persian Gulf
http://www.debka.com/headline.php?hid=4334
June 21, 2007, 9:06 PM (GMT+02:00)
According to DEBKAfile’s military sources, the US naval build-up
off the shores of Iran marks rising military tensions in the region,
accentuated by last week’s Hamas victory which has endowed Iran with
a military foothold on Israel’s southwestern border.
The USS Enterprise CVN 65-Big E Strike Group will join the USS Stennis
and the USS Nimitz carriers, building up the largest sea, air,
marine concentration the United States has ever deployed
opposite Iran. This goes towards making good on the assurances of
four carriers US Vice President Dick Cheney offered the Gulf
and Middle East nations during his May tour of the region.
The “Big E” leads a strike group consisting of the guided-missile
destroyers USS Arleigh Burke DDG 51, USS Stout DDG 55,
Forrest Sherman DDG 98 and USS James E. Williams DDG 95, as well
as the guided missile cruiser USS Gettysburg CG 64,
the SS Philadelphia SSN 690 nuclear submarine and
the USNS Supply T-AOE 6>
On its decks are the Carrier Air Wing CVW 1, whose pilots
fought combat missions in the Gulf and Arabian Sea during 2006.
The Air Wing is made up of F/Q-18 Super Hornet strike craft,
the Sidewinders Strike Fighter Squadron VFA-86, the 251st
Marine Fighter Attack Squadron MFA, and
the Electronic Attack Squadron VAQ 137.
The 32nd Sea Control Squadron VS consists of S-3B Vikings.
The Airborne Early Warning Squadron VAQ 3 flies E-2C Hawkeye craft.
The Fleet Logistics Support Squadron VRC is based on C-2A Greyhounds.
DEBKAfile’s military sources report Washington is considering
deploying the fourth US carrier for the region in the Red Sea
opposite Saudi Arabian western coast to secure the three
US carriers in the Gulf from the rear as well as the Gulf of
Aqaba and Suez Canal.
http://www.time.com/time/magazine/article/0,9171,893242,00.html
http://www.thetruthseeker.co.uk/print.asp?ID=1139
http://www.investorshub.com/boards/board.asp?board_id=7773
God Bless
A third US carrier, the nuclear-powered USS Enterprise Strike Group is speeding towards the Persian Gulf
http://www.debka.com/headline.php?hid=4334
June 21, 2007, 9:06 PM (GMT+02:00)
According to DEBKAfile’s military sources, the US naval build-up
off the shores of Iran marks rising military tensions in the region,
accentuated by last week’s Hamas victory which has endowed Iran with
a military foothold on Israel’s southwestern border.
The USS Enterprise CVN 65-Big E Strike Group will join the USS Stennis
and the USS Nimitz carriers, building up the largest sea, air,
marine concentration the United States has ever deployed
opposite Iran. This goes towards making good on the assurances of
four carriers US Vice President Dick Cheney offered the Gulf
and Middle East nations during his May tour of the region.
The “Big E” leads a strike group consisting of the guided-missile
destroyers USS Arleigh Burke DDG 51, USS Stout DDG 55,
Forrest Sherman DDG 98 and USS James E. Williams DDG 95, as well
as the guided missile cruiser USS Gettysburg CG 64,
the SS Philadelphia SSN 690 nuclear submarine and
the USNS Supply T-AOE 6>
On its decks are the Carrier Air Wing CVW 1, whose pilots
fought combat missions in the Gulf and Arabian Sea during 2006.
The Air Wing is made up of F/Q-18 Super Hornet strike craft,
the Sidewinders Strike Fighter Squadron VFA-86, the 251st
Marine Fighter Attack Squadron MFA, and
the Electronic Attack Squadron VAQ 137.
The 32nd Sea Control Squadron VS consists of S-3B Vikings.
The Airborne Early Warning Squadron VAQ 3 flies E-2C Hawkeye craft.
The Fleet Logistics Support Squadron VRC is based on C-2A Greyhounds.
DEBKAfile’s military sources report Washington is considering
deploying the fourth US carrier for the region in the Red Sea
opposite Saudi Arabian western coast to secure the three
US carriers in the Gulf from the rear as well as the Gulf of
Aqaba and Suez Canal.
http://www.time.com/time/magazine/article/0,9171,893242,00.html
http://www.thetruthseeker.co.uk/print.asp?ID=1139
http://www.investorshub.com/boards/board.asp?board_id=7773
God Bless
To 'Briboy' on 'Russel Industries ' -
bro has averaged out a bit at the low pps -
may got more millies than you? -
A Little Moab History -
In early 1952 an unemployed Texas geologist named
Charley Steen discovered one of the the mines in the
World's largest concentrations of uranium ore
near Moab, Utah.
Steen became an instant millionaire and set off a modern
day mining boom -
His Mi Vida Mine is famous for sitting in the largest
high-grade pitchblende (uranium) ore body ever discovered
at that time in the United States,
last valued at more than 160 Million (1953 dollars -
about $1.6 Billion in 2007 fiatz-dollars).
Charlie Steen's mine, Mi Vida - this old mine Lady started
the whole uranium boom in the Moab area -
This discovery unleashed a massive "uranium boom" on
the Colorado Plateau, and turned tiny Moab, UT into
"the uranium capital of the world."
The mine closed in the 1980s.
The old RSDS mines were discovered and mine workings has
started when US Gov. said, the Gov. the inventorie is
now filled -
and we need any more U3O8 for the bombs for some years,
so you may close down the mines now.
Do we have all the old U3O8 mines in the hottest
concentrations -
http://www.investorshub.com/boards/read_msg.asp?message_id=20656128
http://www.investorshub.com/boards/board.asp?board_id=7773
God Bless
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The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
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