Paladin Energy Ltd PALAF

Energy

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its exploration projects include Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada. It has a 100% interest in the Manyingee Project. This project is a sandstone hosted uranium project consisting of 41 Mlb across two deposits. It wholly-owns a project comprised of three promising uranium exploration sites in Queensland.

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Paladin Energy Ltd

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Comment by madbiker44on Dec 26, 2006 11:36am

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Post# 11920915

RE: PDN vs. UMN vs. FSY

Smiley, I agree with your response to Jewel. There are only a handfull of Uranium companies that are currently or will be mining in the near future, this includes PDN . The rest are exploration projects, for the most part. Someone mentioned that PDN is overbought. It may be! However, we must look at the big picture, which includes the future price of Uranium. Even discounting future price increases, PDN is poised to benefit from current prices. Again, looking forward and assuming Uranium prices reach $100 or more which, is realistic when comparing supply to curent world demand, we can assume PDN is a buy at these prices since the share price may well exceed $12 in the latter part of 2007. Just my opinion based on the view from here. Cheers...Mad

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