OTCQX:PALAF - Post by User
Post by
davidyon Jun 19, 2008 10:02am
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Post# 15203230
New Bigrlyi (PDN 42.06%) related press releases.
New Bigrlyi (PDN 42.06%) related press releases.I was doing my morning reading and came across the following two press releases on the Energy Metals Limited website:
https://www.energymetals.net/userfiles/file/bigrlyi%20met%20testwork%20june08%20-%20asx%20release%20pb.pdf
and
https://www.energymetals.net/userfiles/file/asx_eme%20plans%20next%20stage%20of%20development.pdf
Bigrlyi is in Northern Territory and is owned by Paladin (42.06%) and Energy Metals Limited (53.74%).
In the first release, the acid consumption in test work is reported to be down by 40% over a previous study (which had acid as 70% of consumable costs). Reported optimum uranium and vanadium recoveries are 95% and 45%, respectively. This is going to further improve project economics.
In the second release, the engaging of Gresham Advisory Partners Limited is reported, . The following description of Gresham is taken from the BusinessWeek website, "Gresham Advisory Partners Limited is a boutique investment bank thatprovides corporate advisory services. It provides mergers andacquisitions advisory; divestment; entity restructuring; and debt andequity raising services. Additionally, the firm provides opportunityassessment, indicative offer preparation, due diligence, valuation, andtransaction documents negotiation services. Its clientele includesWesfarmers Ltd., HSBC Bank (Australia) Limited, Woodside PetroleumLimited, Tethyan Copper Company, IAMGOLD Corporation, and Genesee &Wyoming Inc. The firm was founded in 1985 and is based in Sydney,Australia. Gresham Advisory Partners is a subsidiary of GreshamPartners Ltd.".
Bigrlyi is a terrific project and (IMHO) others, Paladin included, must be looking at it.