The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Mega Uranium: Developing Australian Assets for Late 2011 Production
|
CHRIS THOMPSON, Haywood Securities
(05/04/2009)
"We are adding Mega Uranium to our developers group. The company is aiming to mature its principal Australian asset, the Lake Maitland Project in Western Australia, into production by Q4/11. Mega Uranium has a portfolio of uranium projects on the Australian continent that complement Lake Maitland, where the second most ready to forward into development is the Ben Lomond uranium deposit (National Instrument 43-101 resources containing 10.7 million pounds of U308 at 0.25%) in Queensland. In total, the company holds a collection of National Instrument 43-101 compliant uranium resources in Australia that contain a total of 47.1 million pounds of U308. Other than the Australian assets, Mega Uranium has a complement of uranium assets with exploration and resource potential across North America (Canada) and South America (Argentina), as well as in Africa (Columbia) and Asia (Mongolia). With cash and marketable securities valued at $40 million, ample funds exist to finance the company's exploration/development budget of C$15 million during 2009. Mega outperformed the Haywood Developers Index (HDI) and the uranium price on a 90-day basis." |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >