Mega Uranium Ltd T.MGA

Alternate Symbol(s): MGAFF

Energy

Mega Uranium Ltd. is a Canada-based mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties. It has exploration stage mineral resource properties in Queensland and Western Australia and investments in uranium-focused companies. It also holds interests in junior and medium-sized uranium exploration and development companies, royalty and diversified uranium holding companies, and its own exploration and development projects. The Company’s project is Maureen Uranium-Molybdenum Project, which is located approximately 32 Kilometer (km) away from the small regional hub of Georgetown, located in Northern Queensland, Australia. Its subsidiaries include Maple Resources Inc.; Uranium Mineral Ventures Inc., Mega Georgetown Pty Ltd., Mega Hindmarsh Holdings Pty Ltd., Mega Redport Holdings Pty Ltd., Monster Copper Corporation., Nu Energy Uranium Corporation, and Northern Lorena Resources Ltd.

TSX:MGA - Post by User

Mega Uranium Ltd

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Post by ritamlajcion Mar 05, 2010 2:57am

824 Views

Post# 16846260

Mega and uranium price future

The marginal cash cost for the uranium industry is believed to be in the US$45–$50/lb range.
Adding in a reasonable return on investment suggests a minimum US$60–$65/lb contract price to justify investment in a typical new project.

Also consider this timeline:
2011-2012: Mega becomes low cost uranium producer (Lake Maitland project)
2013: The USA and Russia's nuclear disposal program comes to end
2014: Projected uranium shortage is 14,000 tons.

GLTA

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This junior mining stock offers billions in market exposure