Waseco Resources Inc V.WRI

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looks like Waseco's web page has already changed with the addition of......

Waseco Resources is an emerging gold and uranium exploration company Uranium: Having selected and acquired a large and highly prospective uranium land package, management elected to bring in a partner that has both the financial and technical means to effectively develop the potential of the properties. Waseco has Areva SA as its partner, the world leader in nuclear power and the only company to cover all industrial activities in this field from exploration and development of mineral resources through to the construction of nuclear power plants, fuel treatment and recycling of reusable materials. Exploration success should lead to the creation of value and translate into significant share appreciation. [more] Gold: The Company first started exploring for gold in Indonesia in the mid-1990's. Its flagship project was the Tewah Alluvial Gold Deposit in Kalimantan. Millions of dollars were invested delineating a gold resourece, securing the requisite permits, and completing engineering studies, all as part of a Final Feasibility Report. The then current gold price and the perceived country risk precluded management from securing the requisite financing to go into production. Management has since closely monitored the situation over the years; it now believes that the business climate has improved, the investor perception has improved as have the price paid for gold and for zircon sands (a significant mineral credit). Management believes that this project is now viable and has returned to Indonesia to re-assemble a significant portion of the land position with a view to eventual production. Looks like the fun has started