OTCQX:PALAF - Post by User
Comment by
davidyon Sep 04, 2006 9:21pm
496 Views
Post# 11315570
RE: A couple of questions for anyone "down under"
RE: A couple of questions for anyone "down under"SXR is developing its Honeymoon property for uranium production in 2007, making it the fourth Australian uranium mine. This gives cause for optimism that other Australian properties are likely to be developed, as it heralds the end of the "3 uranium mines era". Paladin management must be pretty well convinced they will be able to mine the Valhalla and/or Skal deposits in Queensland, otherwise why go after Valhalla Uranium? Paladin has a couple of substantial properties in Western Australia, too, namely Oobagooma/Yampi and Manyingee. My speculation was that management would attempt to develop these after the Namibia and Malawi mines were up and running. Like SXR's Honeymoon project, Oobagooma/Yampi and Manyingee are amenable to ISL. The proposed Valhalla transaction took me by surprise, but it would guarantee a significant increase in its resource base and a sound foundation for future growth. Its good to be in this stock, and sector, during these times.