U, so what?I have previously owned shares in MGA but not now. I just dont see what is better about MGA than any other struggling junior with their shares prices down from the 07 hype/highs.
Yes they have Ben Lamond in Queensland but it may never be mined because of the ban in place. Its their biggest asset but how do you put a price on something intangible. Why would they even be considered a buyout candidate?
Now its happening here in Eastern Canada with the Inuit Govt. proposing a three year moratorium on U mining in Labrador. One more reading in parliment and its passed. Once in place they are extremely hard to remove.
Aurora has spent a lot of money finding U along with other companies but now for what purpose. Uranium could be a $1000 a pound but so what if you cant mine it. Wheres the value?
Theres plenty of oil&gas offshore of BC Canada but guess what ,, moratorium ,, and every time it comes up for discussion politicians run for cover for fear of losing votes. Nuclear power in BC ? Not gonna happen. Carbon tax is the solution.
Its coming down to the reliable and precedented proven places of mining U without fear of drawbacks to your efforts. Saskatchewan , Canada and the companies that are already there. Cameco, Denison .UEX looks like good value simply because they got the proven goods with U mining happening right next door.
If your looking at juniors then I think its becoming very important to know where their properties are.