Yesterday's free Momey Morning e-mail suggests that uranium prices could soon take off as output is now less than demand! I think we still have a potential uranium producing area which could giv a nice fillip to the sp.
Who knows, even if we look at the current plan for the moment, it is still a long way off before ol' KAL becomes a mine, what 5 years till planning/building then 7 years till production sounds about right, it's still knocking on the door of 2020. As we know AIM isn't a place for such long-term views anymore hence this price, and the snails pace in general - an alternative way to look at this? A mining license would still elevate us from these depths more than a Jorc upgrade at the moment I feel and another reason to hold out a little on the drill front? Fluck knows.
What if I am horribly correct. Which would explain the snail"s pace drilling campaign. BEM instructed by the Swedish Govt. to just prove up the resource (and pay them to do so). then leave it in the ground, for future use. Completely screws up my retirement plans but maybe I'm just an old cynic. Did we ever get our £250.000 back from Agricola? I remember Delt mentioning once, that it would be, or had been, repaid in Agricola shares. Which are suspended and have been for two years. Shouldn"t be too hard to find out. ~They occupy the office next door. And. What of our good friend Delt. Never off here, always banging away about BEM, always seemingly whilst at work. Where he now? Perhaps Clive sacked him/her. There again, could just be the cynic in me. Hope so!!!
Sweden is a transparent country and there are clear rules for these concessions to mine, if we achieve the standard set by the MI then we should be awarded the concession. Andy, Thanks for the links, I'll read them tomorrow, I'm too tired now. Night All.
I thought Sweden was looking to have more mines saw a projected figure recently but can't remember where. If they intended to 'file' Kallak for a future time wouldn't it have been dishonest of them to issue an exploration license and get us to waste our money proving it up?
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