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Mega Uranium Ltd T.MGA

Alternate Symbol(s):  MGAFF

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

Bullboard Posts
Comment by ama21968on Nov 02, 2009 1:17am
432 Views
Post# 16443327

RE: Thomas Weisel Report ??????????

RE: Thomas Weisel Report ??????????"Ido not have any response.  We do not comment on share price, up ordown.

Ican advise you that we have near $80m in cash and have just received our mininglease on our Lake Maitland project in Western Australia."

 
Why It Matters: We believe that the financing risk to develop Mega Uranium's Lake Maitland project has virtually been removed. We calculate in total Mega has access to over $150mn in cash ($0.55 per share) which appears more than enough to move the Lake Maitland project into production. We calculate the capital costs at US$100mn of which Mega Uranium would only need to provide US$65mn assuming the Japanese consortium earns its 35%.

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Bullboard Posts