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FairPoint Communications FRP

"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."


NDAQ:FRP - Post by User

Post by sinvestoron Jan 28, 2007 1:16pm
259 Views
Post# 12109528

Cameco Explores Peru with Vena

Cameco Explores Peru with VenaPosted this in the Solex forum, but it applies to Frontier Pacific, too, since you guys hold an interest in uranium exploration in Peru. In case you've not read it, Cameco is forming a company with Vena Resources to explore for uranium in Peru. Cameco has option to earn 50% of Minergia (Vena's privately owned company in Peru, owning all their uranium concessions) for $10 million in exploration costs over 4 years. 60% for feasibility study. 70% when mine development commences. Even mentions building a uranium mill. Cameco has agreed with Vena that all future uranium investments by Cameco in Peru will be done through "their new company" Minergia. You can read more at the Vena-forum if you're interested. This is bound to put a spotlight on uranium in Peru when Cameco is involved, and affect uranium companies in Peru.
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