Berkeley Energia Share Discussion Threads

[papillon] 10/4/2007 14:33

It does appear that like UMN, BKY resource is near the surface.

[papillon] 10/4/2007 14:30

QS9, UMN has 236 MM lbs of U (measured, indicated and inferred), though a large chunk of that is inferred. UMN grades are low but its a open cast, carbonate heap leach operation, so extraction costs will be low. Also UMN has a fair chunk of its funding already in place. Also it will start trial producing in late 2007 and full scale production will start in late 2008. I dont think you can compare BKY to UMN. BKY could be years away from producing.

[qs9] 10/4/2007 13:24

UMN now up nearly 10% and capitalised at £820mish.....this one capitalised at £75mish....what is the difference on Uranium resources has anyone done the calcs? Be interested to see why BKY is a tenth the value.....ta

[wassapper] 10/4/2007 12:51

even less at this rate as we buy!

[cimbom] 10/4/2007 09:19

Not much stock around.

[cimbom] 10/4/2007 08:50

This stock was mentioned to me a couple of weeks ago.
The results look very good.Also politically stable.Think it's time to start buying before the herd arrive.

[qs9] 10/4/2007 08:46

Any takers?

[wassapper] 10/4/2007 08:33

good results. The Aussies will like this.

[qs9] 10/4/2007 08:20

obviously news was out pre-announcement by looks of chart, but at c.£75m market cap, with uranium prices going through the roof, this looks very very interesting....any holders? Views on fair value of stock? UMN is now worth £800m+ not sure comparable resources estimates etc to get view on BKY..but am in for the ride....

[qs9] 10/4/2007 08:15

Drilling results this morning 11.9m tonnes JORC etc etc....anyone got a view on the potential vs the £75mish market cap??? Uranium being a "hot" sector and prices going through the roof, this does look very interesting......


views please????

[papillon] 05/4/2007 11:45

I like the chart so I have had a flutter. Could be a bit more to go for short term.

[papillon] 05/4/2007 11:43

wassaper has done you proud roks. Have either of you gentlemen shares in this company?

[roks] 05/4/2007 11:26

At last there is a thread, thanks wassaper. Been watching since float but was a bit shy, still watching.

[wassapper] 05/4/2007 07:22

Working in Spain can be a nightmare for miners, but who knows?

They have just appointed Scott Yelland as COO - he is a fairly prominent mining engineer with previous experience of Spain.

This is a risky play, but could do well in the current U boom. See management notes of caution from the Jan 07 drilling RNS

the results of the first confirmatory drill hole at the Company's Retortillo
deposit in Salamanca Province, Spain.


Vertical diamond core hole RTO-001 is located within the best area of
mineralisation, approximately equidistant from four diamond holes drilled by
previous explorers on a 50m x50m grid. It was completed to a depth of 97m
immediately prior to the Christmas/New Year break.


Assay results include the following intersections at a 0.02% U3O8 cut-off:


19.4m to 33.2m - 13.8m @ 0.216% U3O8

46.8m to 52.0m - 5.2m @ 0.073% U3O8

67.0m to 73.0m - 6.0m @ 0.095% U3O8



These results are an encouraging start to the validation of previous diamond and
RC drilling of the deposit and appear to better those from the surrounding four
holes. However, they should not be considered representative of mineralisation
throughout the deposit.



SUBSTANTIAL FURTHER DRILLING IS REQUIRED TO TEST THE EXTENT, CONTINUITY AND
TENOR OF MINERALISATION, AND THE DIRECTORS STRONGLY ADVISE CAUTION IN
INTERPRETING THESE INITIAL RESULTS.

The Board appears quite strong including an interesting (influential?) Spaniard. They have a strategic alliance with Areva which is encouraging but there are also a lot of these alliances. Approx 73m shares outstanding.