EXTRACT RESOURCES LTD Uran Namibia

Weitere Informationen in einer sehr gut gestalteten

 PDF Präsentation unter :

www.extres.com.au/documents/Announcements/...%20May%202007.pdf

das findet man nicht bei jedem Uranexplorer

ich würde sagen nach 4000% ist die Lüft raus

der steile Anstieg?

so weit ich den Veröffentlichungen entnehmen kann, war ein reverse split von 10:1

Share Consolidation of Extract on a 1:10 basis

siehe :

www.extres.com.au/documents/Announcements/...%20May%202007.pdf

Seite 6

Aus der Firmenpräsentation S.20

scheinen nur noch in Uran zu investieren

. The meeting presents an opportunity for international participants to get an overview of the Namibian uranium sector and will inform stakeholders of the potential for uranium mining and processing in southern Africa. Namibia has two operating uranium mines - Roessing Uranium, which started production 30 years ago, and Langer Heinrich Uranium, which started early this year. About 20 other mining companies are interested in prospecting other uranium deposits in the country. The Ministry recently placed a moratorium on issuing prospecting and exploration licences for uranium. About 65 applications are waiting for approval. The Russian government in February offered to bring a floating nuclear power plant to Namibia to help increase local electricity generation. Namibia is also investigating the possibility of building a nuclear power plant.

Quelle : http://www.namibian.com.na/2007/May/national/0790D3CDA1.html

*EXT is a fresh company with a young team out of WMC. The ground is typically the paleochannel and calcrete style in WA, but it has a way to go before it can talk of any resources.

Mkt Cap $61m ? Quality Fair Value Expensive !

EXT is assessing some very promising mineralisation in Namibia. Recent drill results have shown some exceptional high grades for that type of mineralisation, which is generally 200-400ppm. The pervasiveness of this will be very important so it needs to be assessed. So far only 320m of a 4 km strike of the alaskite body has been assessed.

Investment Perspective

– The shares have run ahead of themselves, even though they have halved since their 12 month high. The Company needs to deliver continued good results or the shares will correct even further. Expect a share issue as cash levels are low.

Quelle:

www.summitresources.com.au/pdf/reports/...rEastReportOct06.pdf

 

 

Investment Perspective

: EXT is an IPO that came on in a flurry at about the same time as Toro, and it was pushed to silly prices in the beginning. The price has come off but it they still look to be at the upper end of the valuation range. Movements will depend upon exploration results.

Extract Resources

Farbschlüssel unter:

www.asx.com.au/asx/research/...llinfo=on&asxCode=EXT#chart .

Explanation of chart terms.

nicht schlecht  

scheint ein Interessanter Explorer im Früshtadium noch zu sein, ob der sich so ähnlich wie Forsys mal entwickeln wird :-))

bei FSY  !

du postest ja hier bunte sachen !
Febr/März zu heute wär das ja schon das urlaubsgeld !
Wünsch dir, das es weiter so steigt.
lg. limi  

zitiert aus der  AZ  älteste Tageszeitung Namibias -Windhoek

Namibia könnte als Nutznießer aus der weltweiten Renaissance der Kernkraft besonders profitieren

Die rasche und reibungslose Entwicklung der Uranmine Langer Heinrich könnte zur Initialzündung für die Erschließung weiterer Uranminen werden und Namibia schon bald zu einem der weltweit führenden Produzenten dieses international begehrten Rohstoffes machen.

 Windhoek – Diese Vorhersage machte gestern der britische Analyst Roger Murray bei einer hochkarätig besetzten Konferenz zum Thema Uranabbau in Namibia, die von dem Südafrikanischen Institut für Bergbau und Metallurgie (SAIMM) organisiert wurde. In seiner Präsentation wies Murray darauf hin, dass die Mine Langer Heinrich binnen vier Jahren nach Beginn des Projekts bereits die Produktion aufgenommen habe. Verglichen mit der üblichen Entwicklungsdauer, die bei neuen Uranminen zwischen fünf und sechs Jahre dauere, sei dies ein gutes Omen für andere Minengesellschaften, die derzeit in Namibia die Erschließung möglicher Uranreserven prüfen. Die fristgerechte Fertigstellung der Mine, die im Rahmen des veranschlagten Budgets von US$ 92 Millionen (N$ 638 Mio.) errichtet worden sei, habe neben der guten Planung des beteiligten Unternehmens Paladin Resources vor allem bewiesen, dass sich Namibia als geeigneter Standort für den Abbau von Uran empfehle. Zu den Vorzügen Namibias zählten neben der politischen Stabilität vor allem die gute Infrastruktur des Landes und die relativ unbürokratische Vergabe von Prospektier- und Schürflizenzen. Als weiteren Vorteil Namibias nannte er die Tatsache, dass der Standort eines Großteils der hiesigen Uranvorkommen bereits aus früheren Forschungsprojekten bekannt sei. Diese Vorkommen seien bisher aufgrund des niedrigen Uranpreises zwar nicht erschlossen aber bereits identifiziert worden, was interessierten Firmen hohe Kosten bei der Explorationsarbeit sparen werde. Durch die sprunghafte Zunahme des Uranpreises, der sich vor allem wegen der Wiederbelebung der Kernkraft in den letzten beiden Jahren mehr als verdoppelt hat, sei eine Erschließung dieser Reserven nun sehr profitabel geworden. „Vor diesem Hintergrund bestehen ausgezeichnete Aussichten für namibische Uran-Projekte, die sich derzeit in der Planung oder bereits in der Machbarkeitsphase befinden“, betonte Murray. Dazu zählte er vor allem die geplanten Uranminen Trekkopje (UraMin Inc.) und Valencia (Forsys Metals Corporation), deren Rentabilitätsstudien sich bereits in fortgeschrittenem Stadium befinden. Ein ähnliches Potenzial wie die Langer-Heinrich-Mine sagt er außerdem auch weiteren Uranprojekten in Namibia voraus, darunter die geplanten Minen Husab (Extract Resources),      Goanikontes (Bannerman Resources), Marencia (West Australien Metals) und Engo Valley (Xemplar Energy Corporation). Sollten sich diese und andere Uranprojekte realisieren, traut Murray Namibia zu, von dem derzeit fünftgrößten Uranproduzenten (hinter Kanada, Australien, Kasachstan und Russland) auf den vierten oder gar dritten Platz zu avancieren. Von Marc Springer

Quelle : http://www.az.com.na/wirtschaft/...-zum-groen-hoffungstrger.19834.php

Uranium May Rise to $250 a Pound Next Year,

SXR Says (Update1) By Carli Lourens May 14 (Bloomberg) -- Uranium may more than double to $250 a pound next year as demand for the nuclear fuel outpaces production, according to SXR Uranium One Inc. ``We'll see resistance at around $200 to $250, where utilities will take some pain,'' Neal Froneman, Toronto-based SXR's chief executive officer, said in a May 11 phone interview from Johannesburg. ``Within a few weeks, you'll see it go to $130'' and $150 later this year, he added. Uranium prices have gained more than 10-fold in five years to a record $120 a pound as demand from power companies surges and stockpiles dwindle. SXR will become the world's second- largest producer of the metal, after Canada's Cameco Corp., when it completes the acquisition of UrAsia Energy Ltd. ``We expect fierce competition for those few remaining amounts of uncontracted uranium, leading to further price hikes and rising valuations of uranium mining companies,'' Mikhail Stiskin, an analyst at Troika Dialog in Moscow, said in a telephone interview on May 11. Shares of Cameco rose 19 percent this year, while those of SXR climbed 6.3 percent. The price of uranium gained two-thirds over that period, according to figures from Metal Bulletin. To contact the reporter on this story: Carli Lourens in Johannesburg clourens@bloomberg.net Last Updated: May 14, 2007 06:14 EDT

Quelle : http://www.bloomberg.com/apps/news?pid=20601082&sid=a_X73jxMCq7E

Für alle Uranpreis-Gläubige:

da kommt noch große Gefahr auch für Aktiengewinne der Uran-Explorer: 11.05.2007 - 08:36 Uran und Hedgefonds – Die Bombe tickt Die USA wollen ihr Atomwaffen-Arsenal modernisieren, zur Sicherung der Energieversorgung sollen weltweit wieder mehr Atomkraftwerke gebaut werden, immer mehr Staaten drängen in zivile und militärische Atomprogramme – das sind die Grundlagen für die heißeste Spekulation des neuen Jahrtausends: Uran. Der Preis für Uran in seiner handelsüblichen Form Urankonzentrat U3O8 hat sich in den letzten zwei Jahren vervierfacht. Beteiligt an dieser Preisentwicklung sind vor allem auch Hedgefonds und eigens für die Uranspekulation gegründete Fonds – eine Spekulation, die so riskant und explosiv ist wie ihr Inhalt. Dazu muss man wissen, dass Uran nicht öffentlich gehandelt wird – zum Beispiel über eine Börse. Es gibt auch keine Produkte wie Futures auf den Rohstoff. Der eigentliche Besitz von Uran ist privaten Einrichtungen oder Personen ebenfalls verboten. Alles, was ein Käufer erwerben kann, sind Verträge über Bestände, die in bestimmten international lizenzierten Lagereinrichtungen aufbewahrt werden oder Verträge für eine zukünftige Lieferung. Das eigentliche Uran bekommt der Käufer nie ausgehändigt. Im Grunde kauft der Spekulant nur ein Stück Papier. Und diese Papiere sind Gegenstand des Uranhandels. Der Uranhandel wird über Auktionen oder Face to Face-Verhandlungen abgewickelt. Der Preis für Uran ergibt sich also im Grunde aus der jeweiligen Verhandlung zwischen Anbieter und Käufer. Spezielle Vermittler sorgen dafür, dass Interessent und Lieferant zusammen kommen. Seit rund zwei Jahren drängen nun immer mehr Fonds und Spekulanten in diesen Markt, kaufen alles an Uran auf, das sie bekommen können, halten die erworbenen Bestände vom Markt zurück, um mehr Preisdruck auf diejenigen zu erzeugen, die Uran tatsächlich industriell verwenden und auch verwenden dürfen. Aber ein Markt, der so gestaltet ist wie der von Uran, ist natürlich extrem anfällig für Manipulationen und Preisverzerrungen. Zumal hier nicht nur die Kaufbereitschaft der Spekulanten eine Rolle spielt, sondern auch Politik, die Macht der industriellen Käufer und nicht zuletzt die Einflussnahme staatlicher Organe. Bisher haben diese Instanzen dem spekulativen Treiben im Uranhandel nur zugeschaut. Sollte sich das ändern, droht den Spekulanten der spekulative Gau. Dann sitzen sie auf teuer erworbenen Verträgen, in einem illiquiden Markt, der vollkommen den Interessen seiner Macher ausgeliefert ist. Dass sich das für Fonds und die beteiligten Investoren innerhalb kürzester Zeit in ein finanzielles Desaster verwandeln kann, dürfte klar sein. Denn was nützen die Verträge über Bestände oder zukünftige Lieferungen, wenn niemand da ist, der sie kaufen möchte oder kaufen darf? Sollten die Preise dann einbrechen, bedeutet das in dieser Art von Markt nicht zwangsläufig, dass auch Käufer für ein größeres Volumen auftreten und die Preise auffangen. So hat das Nuclear Energy Institut in Washington sich bereits im Februar an die amerikanische Energiebehörde gewandt und die Forderung gestellt private Käufer von den Uran-Auktionen künftig auszuschließen – mit der Begründung die Uran-Versorgung der nationalen Stromhersteller sei gefährdet. Bisher behandeln staatliche Einrichtungen private und industrielle Käufer gleich – solange das Uran in den lizenzierten Lagereinrichtungen bleibt. Das könnte sich aber schnell ändern, wenn nationale Interessen in der sowieso schon heiklen Energiefrage zum Tragen kommen. Zumal die Stromkonzerne ganz sicher auch ihren politischen Einfluss gezielt einsetzen werden, sobald das Treiben der Spekulanten anfängt ihren eigenen Interessen entgegen zu wirken. Als Hauptabnehmer industriell genutzten Urans haben die Kernkraftwerksbetreiber natürlich auch einen entsprechenden politischen Einfluss auf die Lieferanten. Sollten diese aus taktischen Überlegungen und dem Druck ihrer wichtigsten Kunden heraus den Handel mit den privaten Spekulanten einstellen, wären diese mit ihren Beständen ganz schnell als Statisten an den Rand gedrängt. Viele Experten sind sich einig: Es ist nur eine Frage der Zeit, bis etwas passiert. Der Uran-Markt, wie er derzeit existiert, wird ganz sicher nicht lange weiter so fortgesetzt und der Preisspirale drohen empfindliche Einbrüche. Staatliche und industrielle Eingriffe werden folgen, Spekulanten werden auf großen nichtveräußerbaren Beständen sitzen, Pleiten und Schieflagen drohen – alles Folgen einer klassischen Spekulationsblase. Wann dieser Zeitpunkt eintritt weiß natürlich bis jetzt noch niemand. Bisher funktioniert das Spiel mit den Preisen noch. Experten raten von Engagements jedoch ganz deutlich ab. Wer vor vier Jahren frühzeitig dabei war, hat sein Geschäft zur richtigen Zeit gemacht – wer jetzt in einen solchen Markt zu solchen Bedingen zu gehen, begeht finanziellen Selbstmord. Einige Hedgefonds, die direkt oder indirekt an der Spekulation im Uran-Markt beteiligt sind: QVT Financial LP, Adit Capital, Uranium Participation Corp, GLG Partners, Citadel Investment Group. Besuchen Sie den Hedgefonds-Bereich auf Fonds-Reporter.de!

QUELLE : (©GodmodeTrader - www.godmode-trader.de)

Mit Erlaubnis von Garfield kopiert :

Es wurde in einigen Foren immer wieder der Einwand gebracht, dass das jetztige Uran-Preis-Niveau längerfristig nicht zu halten sei.

Da bin ich anderer Meinung.

1.)
Die Regierungen, allen voran USA, protegieren den Ausbau der Kernkraft. Und die wissen ganz genau, dass die meisten neuen Ressourcen, die gehoben werden sollen, nicht mehr zu 20 USD/lb gehoben werden können, sondern möglicherweise zu weit höheren Preisen (wie jetzt FSY gezeigt hat, weitere werden folgen incl UMN!) Die Regierungen werden sich also einem höheren Uranpreis nicht in den Weg stellen, um die Versorgung zu gewährleisten.

2,)
Einige Regierungen haben schon angekündigt, strategische Uranreserven anzulegen, wie beim Öl auch: USA und China, weitere westliche Länder werden nachziehen. Geht man mal von einer 18-monatigen Reserve aus (beim Öl sind es neun Monate, das ist aber auch leichter zu beschaffen!), dann müssen die KKW-Länder etwa 260 mio lb Uran im Laufe der nächsten Jahre aufkaufen, eher noch mehr, weil der Bedarf in den nächsten Jahren steigen wird. Und diese Aufkäufe werden den Uranpreis über die nächsten Jahre stützen.

3.)
Es dauert, wie man selbst in Namibia sieht, noch mindestens 3 Jahre, bis ein paar mio lb mehr auf den Markt kommen.

4.)
Wenn 2013 der Uran-Belieferungs-Vertrag mit Russland ausläuft, werden die Russen kein Uran mehr an die USA liefern, sondern dies zum Teil selbst verbrauchen, zum Teil horten, zum Teil im Doppelpack zusammen mit ihren KKW-Bau-Angeboten für spätere Jahre erst feilbieten. Dann fehlt definitiv einiges am Uran am Markt.

Summa sumarum glaube ich deswegen nicht, dass der Uranpreis einen merklichen Rückwärtsgang einlegt, hauptsächlich wegen Punkt 2.

Die von FSY angenommenen 100$ bzw 75$ sind meiner Meinung nach eher konservativ angesetzt. Und Unwirtschaftlichkeit wegen fallender Uranpreise bei FSY, wie es teilweise gepostet wird: völliger Quatsch!

ich bin leider nicht dabei :-((

Es geht wieder bergauf  ! 

 20-Tage Linie siehe "Pfeilspitze"

May 22, 2007          By James Finch             Russia and China Battle over African Uranium                                                                   Who to Watch in Namibia Are Russian President Vladimir Putin and Chinese Premier Wen Jiabao planning on carving up Africa in pursuit of their uranium and nuclear interests? As reported by the Wall Street Journal, Sunday night’s revelations that China National Nuclear Corp (CNNC) may strengthen its ties to UraMin could represent a broader picture than an ordinary acquisition of a near-term uranium producer. There is an ongoing global war for energy security, which appears to be politically inspired. China and Russia are the main opponents, especially in Africa, but have rivaled each other, over the past several years, in Central Asia. The goal for both nations is not only energy security but political influence and alliance over their targeted territories. On May 12th, Russia, Kazakhstan and Turkmenistan signed a declaration to upgrade and expand transport pipelines along the Caspian Sea coast directly to Russia. The project relies mainly upon the vast Turkmen gas reserves. This is part of Russia’s growing monopoly of Central Asian gas. Although Europe was shocked by Vladimir Putin’s new arrangement, the Chinese were flabbergasted. We’ve been following developments in Central Asia, and had reported upon milestone events in both of our uranium publications, and again (with far greater details) in our soon-to-be-released Investing in China’s Energy Crisis. After more than two decades in power, Turkmen strongman Saparmurat Niyazov passed away this past December. In April 2006, Niyazov had signed a framework agreement on oil and gas cooperation. By August, Niyazov had announced a pipeline, designed to pump gas to China, would be opened in 2009. The deal died with the dictator, it appears. A few weeks ago, a spokesman for China’s National Reform and Development Committee announced China was unlikely to reach its natural gas target of a 10-percent portion of the country’s energy portfolio by 2010. Increasingly, Russia has shut China out of Central Asia in obtaining long-term, multiple energy sources. Aside from South America, where China has strengthened the country’s ties with Venezuela and others, Africa is a prime hunting ground for China’s future energy security. China has established a strong foothold in the Sudan for petroleum. But, Africa is rich in uranium deposits. According to a report published by the International Atomic Energy Agency in 2005, Africa has 18 percent of the world’s known recoverable uranium resources – about six percent less than Australia and one percent more than Kazakhstan. We began coverage on both Namibia and Niger, after Russia sent a delegation to Egypt, in late January 2006, to discuss the nuclear renaissance. At the time, our research pointed to Africa, particularly those countries, as ripe for future uranium production. Chinese prospectors raced to Niger within weeks after our initial coverage. During 2006, Namibia became saturated with numerous exploration plays hoping to capitalize on the country’s uranium resources and relaxed environment. Consequently, the Namibian Minister of Mines and Energy closed the country’s exploration window. Since then, Niger has become a new hunting ground. We expect this country to become just as saturated as Namibia has been. China is eager to capitalize upon the continent’s uranium resources before Russia outmaneuvers them as has been accomplished in Central Asia. According to an email we received from TradeTech’s Gene Clark, after presenting at the China Power & Alternative Energy Summit on May 18th, he told us China’s official target for nuclear power capacity was ‘40 GWe by 2020 and another 18 GWe in the following five-year plan.’ This confirms China’s aggressive plans to acquire sufficient uranium to reach this capacity, and would be foolish to rely on just Australia. Typically, China has built its energy portfolio through numerous deals across multiple regions. This past October, Yang Changli, vice president of China National Nuclear, said it would seek uranium not only from Australia, but from Canada, Kazakhstan, South Africa and Namibia. In an interview Yang gave during the 15th Pacific Basin Nuclear Conference, he said, “China won't rely on any single supplier of uranium because of energy security considerations.'' Namibia is the First African Focus of Uranium Politiques Namibia could become the first focus for the acquisition of uranium interests. On May 14th, Russia’s second-largest bank Vneshtorgbank and Russia’s state-run nuclear exporter Tekhsnabexport announced they were considered a joint venture to operate in Namibia through licenses they directly hold and through investments in other companies which have obtained licenses in Namibia. In March Russian Prime Minister Mikhail Fradkov announced his country was prepared to build nuclear plants in Namibia. Neighboring South Africa had previously warned Namibia to expect reductions in energy supplies. Namibia is dependent upon South Africa for electricity and has forecast an energy deficit of 300 megawatts within the next three years. On May 10th, Russia and Kazakhstan signed an agreement to set up the International Uranium Enrichment Center, anticipated to come onstream by 2013. As part of this announcement, Sergei Kiriyenko, head of the Federal Nuclear Power Agency, said, “Any country can become a member of the center by signing an intergovernmental agreement granting it guaranteed access to uranium enrichment services.” We conclude Namibia may wish to participate in this arrangement. Enter CNNC on Sunday night. The Chinese company’s deputy general manager for uranium procurement announced to Bloomberg News that CNNC and UraMin will start ‘more formal’ talks this week. UraMin is a prime acquisition candidate for the Chinese because of its uranium prospects in both Namibia and Niger. The company also has holdings in South Africa and the Central African Republic. We are now facing a new era of uranium politics or rather ‘Uranium Politiques.’ And there is good reason for this to escalate. Yesterday, the U.S. Energy Information Administration issued ‘International Energy Outlook 2007.’ The report announced, “World marketed energy is expected to grow by 57 percent between 2004 and 2030.” The most rapid growth in energy demand is anticipated in non-OECD Asia. The majority of this energy demand growth would come from China and India. This was the reference case – the middle ground of growth. Also on Monday, leading Russian nuclear expert Yevgeny Velikhov, head of the Kurchatov Institute, told reporters at a news conference that the recent surge in uranium prices “may still grow by another order of magnitude.” He believes the uranium price will continue to rise as global uranium demand soars while supplies remain tight. “The global energy market is very turbulent,” Velikhov said. “The uranium price can hit any mark at a time of crisis.” Ironically, both crisis and turbulence have come about because of the Asian and Russian scramble to lock-up the uranium resources of entire countries. The energy battle in Africa is good news for the two front-runners in Namibia: UraMin and Forsys Metals. We’ve called this a horse race, over the past several months. Both endeavor to become the ‘next miner’ following Paladin Resources in this country. Yet, both companies are vulnerable to acquisition efforts by Russian or Chinese companies. Or either could be acquired by one or more majors hoping to build up their uranium reserves. In the case of Rio Tinto, acquiring one or both could mean expanding uranium operations in this country. Acquisition Candidates Valencia Pit Design Plan. Courtesy of Forsys Metals. Just as the announcement by Energy Metals Corp, regarding a potential sale of the company, fueled weekend speculation as to the ‘next’ takeover candidates, the same could occur this week with African acquisition candidates. One might be misled into believing China would focus on Niger, where the company has built a foundation, and Russia’s focus would remain in Namibia. However, in a state visit to China this week, Namibian Defense force chief exchanged views with Guo Boxiong, Central Military Commission vice chairman, on promoting relations between the two countries. In February, Chinese President Hu Jintao visited Namibia to sign an economic deal with Namibia giving the country a grant of US$4.3 million and an interest-free loan of the same amount. Reportedly, some of the money would be used to boost group tourism from China to Namibia. This is the same tactic China has utilized in courting relationships in South America to help develop natural resource deals. With US$1.2 trillion in foreign currency reserves, China is exercising its financial biceps. In March, the country formed the Huijin Fund as the state’s investment arm. Up to US$400 billion have reportedly been placed in this fund for investment purposes. On Sunday night, the Huijin Fund invested US$3 billion to purchase a stake in about 9.9 percent of the Blackstone private equity firm. Our research suggests the fund is likely to strongly invest in natural resources. On this basis, we can not rule out a simple carving of Africa. We don’t believe China will quietly step back and focus the country’s uranium acquisition efforts in Niger, permitting Russia to concentrate on Namibia and South African uranium. In Niger, we covered two ‘early days’ prospective uranium juniors over a year ago. North Atlantic Resources acquired a uranium permit in the 1900-square kilometer Abelajouad in this country. This past April, the company increased its holdings to nearly 3,000 square kilometers. In late April, Northwestern Mineral Ventures announced uranium mineralization in assays from rock samples after a first-pass reconnaissance on its In Gall and Irhazer uranium properties. Both would need to further explore their properties before attracting serious interest from the Chinese. However, in Namibia both UraMin and Forsys Metals are actively progressing toward mining uranium on their properties. Either could be the first, but we believe both should become winners in the uranium bull market. Because China has carefully aligned with UraMin, or at least shown an inkling to do so, we suspect Russia might begin to look more carefully at Forsys Metals. This is purely speculation based upon our premise of ‘Uranium Politiques.’ We do not have any ‘inside track’ on this matter. Fortunately, we had the opportunity to chat with Forsys chief executive Duane Parnham late last week. His company had announced the completion of the pre-feasibility study on the company’s Valencia uranium deposit in Namibia. We missed the company’s conference call, but were allowed the opportunity to discuss his company’s prospects and future plans during a telephone call. The company’s pre-feasibility study was prepared by Australia-based Snowden Mining, which used the guidelines of Australia’s JORC code. Subsequently, the Valencia uranium mineral reserve was classified as Probable Reserves. These were calculated at 24 million pounds U3O8. We asked about production. “We are now modeling 2.4 million pounds per year,” Parnham told us. He expects to payback in less than two years. With Forsys as with all near-term producers, some early conversations have begun about pre-selling the company’s uranium production after production has commenced. His company’s news release talked about six month of stripping during the initial part of the operation so we started there. “We’ll start when we get a mining license and then looking at production.” When will the company complete its ongoing environmental assessment? “We are hoping to have an environmental decision by year end,” Parnham told us. “We are hoping to have enough data to apply for a mining license in early 2008. If that’s successful, then obviously the decision to go forward will be made at that time.” For the time being, the company plans to expand its resource. “The pre-feasibility is just the first snapshot of the situation,” he said. “We are finding the pit optimization study is only looking at a very small portion of the overall resource.” Does that mean the resource is actually larger, then? “It’s a heck of a lot bigger,” he told us. “It’s just a function of how much data you have available to punch into the model. Then, how much does the model give you back? The evaluation process is ongoing. You’ll probably see a change in the pit design very shortly because we have the ability to move more resource into the reserve category.” We talked about his company’s horse race with UraMin. How does it look? “Neck and neck, toe to toe,” Parnham said. “I think it shows there’s opportunity in Namibia, and that’s good that there are a number of us working for a common goal.” Finally, we asked what has emerged as the key question: Is Forsys a ripe plum for the picking? He offered both sides of the coin. “Where the real opportunity lies is putting a property into production,” he responded. “The operation isn’t all that difficult so it’s not a deposit that our expanding team couldn’t put into production.” And then Parnham left the door open. “Anything can happen. It’s an open market, and we are a public company. But, we are certainly geared toward putting this into production.” And from what we’ve seen among the recent, significant consolidations, those companies who have commenced production, and those closest to production, are the prime acquisition candidates. Why should companies developing projects in Africa become the exception instead of the rule? Especially when two super powers are both eagerly trying to establish stronger uranium footholds in this continent.

Quelle (mit Bildern) : http://www.stockinterview.com/News/05222007/...ssia-China-Battle.html

more:
www.stockinterview.com/News/06022007/...ions-Higher-Price.html

ausführliche Infos unter :
news.iguana2.com/netwealth/ASX/EXT/365136

SEIT DEM SEPTEMBER HAT SICH EINIES GETAN !

SEIT DEM SEPTEMBER HAT SICH EINIGES GETAN !

www.asx.com.au/asx/statistics/showAnnouncementPDF.do?…


108 mio pounds @ 430 ppm



Dieser Explorer, sollte wirklich potential haben. Was meint ihr dazu?

neues Update der Zone2

http://www.ariva.de/board/...ackurl=board_hot.m&a=_hot&nr=290524#form

xtract Resources Ltd Announces Update on Rossing South UraniumExploration

15:45 25.02.08
SOUTH PERTH, WESTERN AUSTRALIA--(Marketwire - February 25, 2008) - Extract Resources (TSX: EXT)(ASX: EXT) is pleased to provide an update on exploration progress at their Rossing South discovery, part of the wholly owned Husab Uranium Project in Namibia. SUMMARY: - First pass reconnaissance drilling on three lines 1.6 kilometres apart indicates that uranium mineralisation extends over a zone of at least 3.2 kilometres along regional strike. - Width of mineralised system at least 160 metres on discovery Line 1 and anomalism over 500 metres wide on Lines 2 and 3. - Angled core holes on discovery line confirms geometry of mineralised system with broad zones of anomalous uranium mineralisation indicated by hand held spectrometer readings taken from drill samples. - Three drill rigs now operating at Rossing South to follow up on discovery results. The initial Rossing South discovery holes are approximately 1.5 kilometres from Extract's northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself. The Rossing South target area extends for 15 kilometres onto Extract's licence, and is covered by desert sands. Two core holes have been drilled beneath the discovery holes, and a scissor RC hole. This additional drilling has helped confirm the geometry of the mineralised alaskites beneath the Namib Desert cover sequence. These holes were designed to follow up on the discovery results (ASX release 1 February 2008) which included 40 metres @ 240 ppm U3O8 (including 8 metres @ 998 ppm U3O8), and 100 metres @ 265 ppm U3O8 (including 69 metres @ 321 ppm U3O8). Significantly, both original discovery holes ended in mineralisation indicating that the mineralised system is more extensive than the initial assay results suggest. Reconnaissance drilling has also been completed testing the bedrock on traverse lines (2 and 3) 1.6 and 3.2 kilometres to the south and along the interpreted strike. Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now underway. Rossing South is shaping up as a very large mineralised system with uraniferous alaskites and sediments intersected on Lines 2 and 3 extending over 500 metres in width. DETAILS Reconnaissance exploration drilling has now been completed on three lines of drilling with lines 1,600 metres apart and holes spaced on 80 metre centres. This drilling has been aimed at testing a magnetic low feature interpreted to represent the Khan and Rossing Formation unconformity surface. The uranium mineralised alaskites at the Rossing Mine and around Ida Dome generally occur proximal to this surface. The reconnaissance exploration drilling has intersected several zones of anomalous uranium mineralisation with the main zones apparently continuous along regional strike, as interpreted from first vertical derivative magnetic data (See Appendix 2). The anomalous uranium mineralisation has been detected using a Exploranium, GR-135 Plus, handheld spectrometer. This unit records uranium, thorium and potassium data. The uranium values are recorded as parts per million (ppm) eU which is equivalent to ppm U. Use of the hand held spectrometer on bags of drill cuttings from the Husab Uranium Project has indicated that the unit under-reports uranium grades within the zones of uranium mineralisation with respect to the more conclusive chemical assay results. So whilst an indication of uranium mineralisation can be gained from using the hand held spectrometer, chemical assays are required to fully quantify the significance of the uranium mineralisation intersected by drilling. These results with be released when available. Angled, deeper holes have yet to be drilled on Lines 2 and 3, but exceptional hand held spectrometer results have been returned from the vertical reconnaissance holes with individual metre samples returning values up to 2,520 ppm eU (0.25%eU). The most significant intersection so far from the Rossing South hand held spectrometer results is 49m @ 337 ppm eU on Line 3 (See Appendix 2). The tenor of these results exceeds any previously encountered on the discovery section (Line 1, 3.2 kilometres to the north) by a considerable margin. RC drilling has also commenced on a fourth line 1.6 kilometres south of Line 3. The zone of anomalous uranium mineralisation intersected on Lines 2 and 3 is over 500 metres wide. The potential significance of these results becomes apparent when compared to the original vertical discovery holes drilled on Line 1 which indicated a mineralised zone of at least 160 metres in width, which was subsequently confirmed by deeper, angled drilling. One core hole has been completed on the discovery section (Line 1), at Rossing South, and a second hole is in progress. The drill core from these holes indicates that the mineralised alaskites are steeply dipping to the east (see Appendix 3). The uranium mineralisation is hosted within multiple alaskite dykes and on the margins of gneiss and schist contacts. Abundant secondary uranium mineralisation, in the form of uranophane, has also been noted. The alaskite zone hosting the uranium mineralisation identified on Line 1 has been interpreted as being approximately 160 metres wide, with attractive grades being returned from assays carried out to date. Early indications are that the uranium grades being returned from the discovery section, at Rossing South, are consistent with those obtained from the nearby Rossing Mine, and may be somewhat higher than the average grades of other alaskite hosted uranium deposits in the Erongo Region. FUTURE STRATEGY Given the continued success of exploration at Rossing South three drill rigs have been dedicated to the Rossing South project area. These include two RC and one diamond core rig. Additional reconnaissance drilling will also be completed south of Line 3 and north of Line 1. Drilling on Line 4 has already commenced. The Company will also continue to explore the remainder of the 15 kilometres of prospective strike as interpreted from the magnetic data. The Company considers Rossing South has excellent potential to host a significant uranium deposit under the sand cover and early progress has reinforced this view. Once angled holes have been completed on Lines 2 and 3, to refine the geological model, the Company will have done much of the initial work required to define an exploration target that it believes will represent a major mineralised system. Competent / Qualified Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr Martin Spivey, who is a Member of The Australasian Institute of Mining and Metallurgy and Mr Andrew Penkethman who is a Member of the Australian Institute of Geoscientists. Mr Spivey and Mr Penkethman are both full time employees of the Company. Mr Spivey and Mr Penkethman have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Spivey and Mr Penkethman consent to the inclusion in this report of the matters based on their information in the form and context in which it appears. Forward Looking Statements This release contains certain forward looking statements. Forward looking statements are subject to a variety of risks and uncertainties which are not able to be controlled by the Company and cannot be reliably predicted. Actual events or results may be materially different from those that are anticipated in any forward looking statements. Hand Held Spectrometer Results The anomalous uranium mineralization described in this report has been detected using an Exploranium, GR-135 Plus, handheld spectrometer with readings taken on bags of drill cuttings and on cut core at surface. Company experience with such readings has been that the unit generally under-reports uranium grades. Whilst the Company anticipates that such readings will continue to give a reasonable indication of expected uranium content, more conclusive results are only obtained from chemical assay testing. Assay results for current drilling will be announced in future releases. Assay Results Previously reported assay results quoted in this release are all extracted from independent accredited analysis services provided by Genalysis Laboratory Services, Perth. To view a map of Appendix 1, please click on the link below: media3.marketwire.com/docs/ext1.pdf To view a map of Appendix 2 - Rossing South Location Plan, please click on the link below: media3.marketwire.com/docs/ext2.pdf To view a map of Appendix 3 - Rossing South Line 1 Drill Hole Section, please click on the link below: media3.marketwire.com/docs/ext3.pdf Contacts: Extract Resources Limited Peter McIntyre Managing Director +61 (08) 9367 2111 Extract Resources Limited Richard Henning Investor Relations +61 (08) 9367 2111 Email: rhenning@extractresources.com Extract Resources Limited 30 Charles Street P.O. Box 752 South Perth WA, 6951 +61 (08) 9367 2111 +61 (08) 9367 2144 (FAX) Email: reception@extractresources.com Website: www.extractresources.com

es scheint noch weiterzugehen Auszug aus:
www.extractresources.com/...ASXReleases/tabid/613/Default.aspx
dann:  Rossing South Zone 1 Resource Upgrade - July 2009

Der Uran-Explorer hat für Zone 2 des Rossing South Projekts eine JORC-konforme Ressourcenschätzung veröffentlicht, wonach ein höherer Gehalt als in Zone 1 gemessen wurde.

Anhand dieser neuen Schätzung wurde bewiesen, dass Extract und Kalahari Minerals - mit 40% der Anteile einer der größten Aktionäre des Unternehmens - eines der bedeutendsten Uranvorkommen der Welt besitzen.

Die Zone liegt relativ nah unter der Oberfläche und könnte innerhalb kurzer Zeit abgebaut werden.  Bislang wurden 112 Mio. Pfund U3O8 in 102 Mio. t Material nachgewiesen. Zusätzlich zu der Ressource von Zone 1 besitzt Extract somit eine Gesamtressource von 267 Mio. Pfund Uranoxid.

Rossing South ist bewiesenermaßen eine der Top 10 Uranlagerstätten der Welt.

Die Mineralisierungen von Zone 1 und 2 sind entlang der Strecke und zur Tiefe hin offen und bieten weiterhin großes Wachstumspotential.  

Zitat: www.minenportal.de/...aetigt-hohes-Potential-von-Rossing-South

Verwirrende Aktionärsstruktur bei Extract Resources

Ein weiterer Kandidat ist Extract Resources, die ebenfalls im australischen Perth ansässig sind und ein bedeutendes Gebiet südlich der Rössing-Uranmine kontrollieren. Das Projekt namens Rössing-South wird inzwischen von Experten als eines der größten Uran-Mineralisationen der Welt angesehen! 145,3 Millionen Pfund Uran (U3O8) sind eine Hausnummer, die sicher jeden Major aufhorchen lässt.  Etwas verwirrend ist jedoch die Aktionärsstruktur von Extract: 40 Prozent der Aktien werden von Kalahari Minerals, einer an der Londoner AIM gelisteten Gesellschaft gehalten, die wiederum als 14-Prozent-Hauptaktionär Niger Uranium, ebenfalls ein AIM-Wert, ausweist. Hinter Niger Uranium steckt wiederum das ehemalige Management-Team von Uramin, die von Areva im Sommer 2007 zu einem damals völlig überteuerten Preis von über zwei Milliarden CAD und einer Bewertung von 19 USD je Pfund Uran gekauft wurden. Es ist daher nicht auszuschließen, dass bei Extract irgendetwas hinter den Kulissen „gedreht“ wird, um auch dieses Mal das Optimum für gewisse Aktionärskreise herauszuholen. Da die Aktie jedoch in diesem Jahr von 1 auf über 5,60 CAD zulegte - und zwar professionell „gepflegt“ -

sollte man als Außenstehender hier auf den ersten Blick Vorsicht walten lassen.

Zitat aus:

aktien-blog.com/...r-hot-spot-im-uran-explorationsbereich.html

Bin das erste Mal im Januar über den Wert gestolpert und hatte mich nicht mehr zum Einstieg getraut, da er schon so gut gelaufen war. Glückwunsch an alle die drin sind. Liegt im Moment noch unter dem Radar der meisten user

mfg

siehe auch :
economictimes.indiatimes.com/News/Politics/...show/4957039.cms

"... but there is a lot of luck in finding what we did and being at the right place at the right time,"

Mr McIntyre said. read more:

www.theaustralian.news.com.au/business/...from=marketwatch_rss  

Boss extracts himself to the sidelines

Sarah-Jane Tasker | September 14, 2009

man im Jahre 2003 gekauft, dann würde man hier nicht mehr schreiben

*g*

www.asx.com.au/asxpdf/20091009/pdf/31l7hszgq9pyfm.pdf

Extract ‘Inundated’ by Potential Namibia Uranium Mine Partners
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By James Paton

Oct. 16 (Bloomberg) -- Extract Resources Ltd., a uranium explorer whose shares have surged almost eightfold in Australia this year, said it has been “inundated with requests” from companies proposing to join or take over its Namibian project.

“We’re looking at options to see whether one of the big players would want to come in on a strategic partnership level,” Chairman Steve Galloway said in an Oct. 13 telephone interview from Namibia. Extract is being advised by Rothschild, the largest family owned bank, and may ask shareholders in November to consider proposals to bring its Rossing South mine to production, he said. He didn’t name any potential partners.

Zitat aus:
www.bloomberg.com/apps/...mp;tkr=EXT%3AAU&sid=aM4_PpnX.gFE

Oct. 29 (Bloomberg) -- Extract Resources Ltd., a uranium exploration company with projects in Namibia, plans to joint list 100 percent of issued ordinary capital on the Namibian Stock Exchange.

Quelle : www.bloomberg.com/apps/...mp;tkr=EXT%3AAU&sid=aFafuJx4myHY

mal seh´n, wie ´s den Kurs beeinflußt ?

*   www.asx.com.au/asxpdf/20091208/pdf/31mmf9lq2qg9df.pdf

jetzt mit richtigem Bild

auch andere Mütter haben hübsche Töchter

www.theaustralian.com.au/business/...ry-e6frg9ex-1225813991157

www.asx.com.au/asxpdf/20100111/pdf/31n3t15lg0qhkf.pdf

klingt nicht schlecht, mal seh´n, wie heute nacht Australien reagiert ?

fast wie Fruehling

DJ Extract Resources Appoints Former Rio Tinto Director As CEO
SYDNEY, Feb 28, 2010 (Dow Jones Commodities News via Comtex) -- Extract Resources Ltd. (EXT.AU) said Monday it ended a long hiatus at the top of its management ranks by appointing former Rio Tinto Ltd. (RTP) director Jonathan Leslie as its chief executive.

Rio Tinto owns 15.2% of Extract and has been touted as a potential acquirer of the group, or joint venture partner at its Rossing South uranium deposit in Namibia.

Rossing South is only six kilometers from the Rio Tinto-operated Rossing uranium mine.

Leslie, who was on Rio Tinto's board for nine years, replaces Peter McIntyre, who officially resigned from the company on Sept. 15.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; ross.kelly@dowjones.com

(END) Dow Jones Newswires

02-28-10 1804ET
Quelle:  cxa.marketwatch.com/TSX/en/Market/...AB521}&symb=US:EXRL.F

8:08 PM ET, March 4, 2010  MELBOURNE, Mar 04, 2010 (Dow Jones Commodities News via Comtex) -- Extract Resources Ltd. (EXT.AU) posted a net loss of A$13.4 million for the six months ended Dec. 31, compared to a loss of A$13.2 million in the previous comparable period.  The Perth-based company, which is carrying out a feasibility study on the Rossing South uranium project in Namibia, said it had cash on hand of A$99.3 million at Dec. 31.  -By Alex Wilson, Dow Jones Newswires;

read more : www.asx.com.au/asxpdf/20100312/pdf/31p6yfv40hr2w5.pdf

www.asx.com.au/asxpdf/20100909/pdf/31sdz9kj5nsthr.pdf

wie beurteilen die die schon länger dabei sind die zukunft des unternehmens?
kann jemand kurz was zu dem letzten bericht sagen der gepostet wurde?

das wärs für den anfang ;-), danke schonmal