Waseco Resources Inc V.WRI

Alternate Symbol(s): WSRUF

Metals & Mining Gold

Waseco Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the acquisition and exploration of mineral properties. The Company operations are in Canada and the United States. The Company’s exploration projects include its primary project, the Battle Mountain Ridge Project in Nevada, United States, and interests in projects in the Quebec Labrador Trough and James Bay Lowlands. In Battle Mountain, Nevada, the Company leases 29 unpatented mining claims on the Battle Mountain Gold Trend, in Larder County, Nevada. In the Quebec-Labrador Trough, the Company controls these uranium prospects which consist of multiple blocks. Its James Bay Lowlands covers an approximately 2,440-acre claim block is in approximately to the DeBeers Victor mine in the Attawapiskat Region in Northern Ontario.

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Waseco Resources Inc

Bullboard Posts

Post by mamothon Nov 12, 2008 6:04pm

407 Views

Post# 15581983

Uranium starting to look better

Extract from David Pescod Report (Canaccord)

New York Nuclear and Deutsche Bank announced plans to establish an uranium fund, an investment vehicle in which the primary asset will be physical uranium.
Today in research by Credit Suisse on the “Uranium Market Review” they write, “The month of November is showing entries of new buyers into the market which is having a positive effect on pricing…Currently, a non-US Utility is seeking to purchase ~2Mln lbs U308 for delivery by July 2009.
This new demand in the spot market is motivating sellers to increase their offer prices, resulting in the third increase in
spot price in a row since July.”
In the operation of nuclear powered hydro plants, the cost of uranium is an incredibly small portion of all costs, particularly
construction. So it’s starting to look for the short, medium and long-term that uranium may have a future...