Change my pick from U.to to SXR.TO.
This company is going to start production of uranium within the the next quarter.
It has Australia and South Africa tied up,plus much more.
SXR Uranium One, Inc. ("Uranium One") is pleased to announce that it has agreed terms with a number of western world utility customers for further sales contracts from its Dominion Uranium Project in South Africa.
The Dominion Uranium Project is scheduled to commence production in the first quarter of 2007. The agreed terms provide for four new contracts with a total sale of 3,200,000 pounds of U3O8 from Dominion for delivery during the period 2008 and 2012, inclusive. Pricing will be market-related at the time of delivery, with escalating floor price protection. The sales agreements, which are subject to completion of definitive contractual documentation, were facilitated by Nufcor International Limited.
Uranium One announced on November 19, 2006 that it had agreed terms with a western world utility for an inaugural sales contract for the Dominion Uranium Project of 1,500,000 pounds of U3O8 for delivery between 2008 and 2012, inclusive.
The total contract position of 4,700,000 pounds of U3O8 from Dominion now represents approximately 28% of estimated production over the same time period according to the production profile contained in the Independent Technical Report prepared by SRK Consulting, as amended and filed on SEDAR (www.sedar.com) on October 26, 2006.
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