Murchison United Nl Share Discussion Threads

[vanbrussel] 05/10/2007 15:50

Strange yes, thought something alike.
Or is it just long term commitment - from a MM?
Hope there is more to the next NR than a party stating they just added

[fingolfin] 05/10/2007 13:07

What's with the buying here today?, unusual to see this move without any real movement in Oz last night. News on the way?

[vanbrussel] 02/10/2007 16:57

Nice article, posted the link on HotCopper, they will be delighted in Oz

[aim_trader] 02/10/2007 14:21

"Murchison United - looking to score with uranium
02-Oct-2007
It was around the beginning of 2005 that Mark Reilly, newly appointed Managing Director, and Glenn Featherby, Chairman, started looking at uranium projects in Africa and Europe. The hunt for new projects to propel the company in a new direction led them to West Africa"

[cyberian] 01/10/2007 20:50

Copper J/V results may be getting closer with share price rising on higher volume in Australia today.

[fingolfin] 28/9/2007 14:57

Director buying - always a good sign

[vanbrussel] 20/9/2007 07:18

Mauritanian drilling: announcement by end of next week?

Mauritania's oil and mines minister and the mines-and-geology department boss were in Perth at the DownUnder conference (and MUU homebase?)

[vanbrussel] 20/9/2007 07:14

MUR up 4.55% to 5p
Accumulation going on
Volume at 2,760,060

Offer at 0.120 now

20 Sep 2007 0.115 4.55% 0.115 0.110 2.760.060
19 Sep 2007 0.110 4.76% 0.110 0.105 759,132
18 Sep 2007 0.105 -4.55% 0.110 0.105 666,226
17 Sep 2007 0.110 0% 0.115 0.110 596,574
14 Sep 2007 0.110 10% 0.110 0.105 2,887,700
13 Sep 2007 0.100 -4.76% 0.100 0.100 368,333

[vanbrussel] 05/9/2007 21:49

Guinea wet season till end October

The climate of Guinea is tropical with two alternating seasons-a dry season (November through March) and a wet season (April through October). The arrival of the migratory intertropical convergence zone (ITCZ) in June brings the heaviest rainfall of the wet season. As the ITCZ shifts southward in November, the hot, dry wind known as the harmattan blows from the northeast off the Sahara.

On the coast a period of six months of dry weather is followed by six months of rain. The average rainfall at Conakry is 170 inches (4,300 mm) a year, and the average annual temperature is about 81 °F (27 °C). In the Fouta Djallon, January afternoon temperatures range between 86 and 95 °F (30 and 35 °C), while evening temperatures dip to 50 °F (10 °C). Rainfall varies between 63 and 91 inches (1,600 and 2,300 mm) annually, and the average annual temperature is about 77 °F (25 °C).

In Upper Guinea rainfall drops to about 59 inches (1,500 mm) a year. During the dry season temperatures of more than 104 °F (40 °C) are common in the northeast. In the Forest Region at Macenta, there may be 106 inches (2,700 mm) of rain annually. Only the months of December, January, and February are relatively dry, each having less than one inch of precipitation. At low altitudes, temperatures resemble those of the coastal areas.

[vanbrussel] 04/9/2007 15:45

Dundee Securities Corp broker-report available on Minesite.com

August 30, 2007

INVESTORS ARE PAYING TOO MUCH ATTENTION TO SPOT PRICES

On Cost Ratings: (expect higher costs in the future)
- Low cost mine supply is not expected to rise significantly
- Low cost supply cannot meet expected reactor requirements alone
- Most primary supply is expected to be from medium or high cost projects by 2011
- Future uranium prices will have to account for higher expected production costs

On Risk Rating:
- Low risk projects are scarce
- More risky projects will be developed in the coming years
- Miners will likely have to exploit at least some high risk deposits
- High risk operations are the most likely to underachieve

On Risk Weighting:
- Underperformance of mines is expected to continue over the medium term
- Technical issues, permitting delays, labor shortages and other challenges will likely push several new projects off into the future

On Risk-Weighted Uranium Supply Curve: (demand will continue to outpace supply)
- Risk weighted mine production is to rise from 102.4 M/lb of U3O8 in 2007 to 183.4 M/lb by 2014, before levelling off
- Even when combined with secondary supply, future uranium production remains insufficient to meet future nuclear reactor requirements
- Further discoveries are required to maintain supply

[fingolfin] 04/9/2007 11:24

Good post vanbrussel - I was quite pleased with the latest results aswell - it looks promising! Looking forward to drilling in Mauritania which I sense the company has even higher hopes for. Also some progress in the joint copper venture should be reported soon making this company well undervalued imho

[vanbrussel] 04/9/2007 10:26

Latest on Firawa: thick layers confirmed, grades convincing

Very good results for FRW33-34-35
these holes add substantially to the deposit
Combined layers are over 20m
(notice 60° holes! Napkin calculation 1m at 60° = 0.833m at 90°)

-For FRW33 they were awaiting results from 21-50m
known was 9m (from 12 till 21m) at 355ppm
3m LAYER(from 15 till 18m) at 504ppm
NEW! 20m LAYER (from 22 till 42m) at 524ppm
NEW! 2m LAYER(from 48 till 50m) at 630ppm

-For FRW34 (80m) same convincing results
7m LAYER (39-46) at 499ppm best 1m 587ppm
15m LAYER (52-67) at 434ppm best 1m 840ppm

-For FRW35 (85m) BEST GRADES
24m LAYER (9-33) at 574ppm

-----------------------------------------------------

FRW15-16-17-18-19+22

For FRW15 (50m) good grades
8m LAYER with 409ppm + 530ppm + 610ppm

The others add to the deposit on lower grades at US$50/ton

-----------------------------------------------------

FRW26-27-29-30

Better results as the FRW15 - 22 boreholes
Up to 40m LAYERS at US$50/ton
Thick LAYERS 14m at US$76; 10m at US$102; 5m at US$140

Only 1 drill-hole FRW28 had no assays greater than 100ppm

----------------------------------------------------

First impression:
2 of the 3 sections are impressive,
cause you never know what a company wants to hide with late drill results

About time for a project evaluation by Murchison!

[vanbrussel] 03/9/2007 08:00

MUR 9.09% up in Oz

Close at 0.120 = 4.9p
Previous close was at 0.110 up 4.76% (4.5p)

Open at 0.115
High at 0.120
Low at 0.115

Vol 311,769

Nice, a buy signal

[vanbrussel] 27/8/2007 15:53

SO WHAT IS THIS WEST AFRICAN MINING ABOUT?

From the perspective of the Canadians:
A 41 page PDF-presentation by the The Canadian Trade Commissioner Service (May-07)
Focus on Senegal, Guinea, Niger, Mali, Burkina Faso, Ivory Coast
- $4 bln of Canadian mining projects under development or planned in WA
- Plus a large share of the US$278M in exploration expenditures

GUINEA: (slides 14-19)
Exploration projects: 110 Gold; 78 Bauxite; 33 Diamond; 12 Iron ore & a handful of Uranium projects

[vanbrussel] 26/8/2007 23:49

MOST IMPORTANT EXPLORATION SUCCESS IN WEST-AFRICA:
Le plus important succès de programme de sondage minier en Afrique de l'Ouest

Story published just 5 hours ago (26-08-07 19:25:31)
Is this the same story chewed up again?
Seems not, I have the impression this is a further confirmation

Mr Diallo, from the Ministry of Mines says it is the biggest exploration success in West Africa
Average grade = 700ppm, with max of 1,350ppm "without any doubt"
Additional drilling will follow before feasibility

I have seen just one NR and they are already talking about a feasibility?


Guinée: Importante minéralisation d'uranium

Conakry, Guinée - Un responsable du ministère guinéen des Mines, Thierno Souleymane Diallo, a déclaré que de récentes révélations de la société australienne, Murchison United, sur l'importante minéralisation d'uranium en Guinée sont considérées comme le plus important succès de programme de sondage minier en Afrique de l'Ouest.
S'exprimant au cours d'un entretien avec la PANA, il a affirmé qu'en mai dernier, Murchison United avait décidé de démarrer le programme de confirmation sur le site de Firawa, en Guinée Forestière, après les indications faites depuis une vingtaine d'année par Géosurvey sur la présence d'anomalies radioactives dans plusieurs zones guinéennes.
La société Murchison United, qui opère également en Mauritanie, a réalisé 29 sondages sur une longueur de 1.809 mètres à une profondeur maximale de 94 mètres et a envoyé des échantillons pour des analyses au laboratoire ALS Chemex de Vancouver, au Canada.
Le programme de recherche a permis de localiser divers sites, notamment à Bohodou, Bona et Séssé, Boma, Sérédou et à Dimayéré.
"En ce qui concerne Firawa, l'importance du dépôt uranifère ne fait plus aucun doute surtout que les teneurs mesurées en laboratoire varient d'une moyenne de 700 ppm (part par million) à des maxima de 1.350 ppm d'oxyde d'uranium", a déclaré M. Diallo, ingénieur des Mines et coordinateur du projet Advanced Management Technologies (AMTEC) au ministère des Mines.
Il a indiqué que les travaux qui seront effectués à Firawa porteront sur des sondages additionnels suivant une maille plus serrée et des travaux miniers permettant une évaluation qualitative et quantitative aussi poussée que possible devant conduire à une étude de faisabilité précédée d'essais et de traitement de l'uranium.
AUTEUR:Copyright PANA

[vanbrussel] 24/8/2007 12:46

URANIUM SPOT PRICE COULD REGAIN LOST GROUND BY YEAR END - HAYWOOD

Haywood Securities forecasts that, while uranium spot prices will continue to weaken "a tad more," prices could regain much lost ground by year end.

From Minesite RENO by Dorothy Kosich Friday , 24 Aug 2007

In an analysis published Thursday, Canada's Haywood Securities predicted that, by year end, the spot market for uranium could regain some of the ground it has lost since the metal reached a high of $136 in mid-June.

Analysts J.W. Mustard and Chris Thompson said the rapid price increase from April to June was generated more by speculative discretionary buying than by a demand from utilities companies.

Currently the spot price has declined 34% to the current $90/lb level. To compound the situation, the analysts noted that "as the utilities seem to have taken a collective summer break, in conjunction with a lack of discretionary buying, the price has a clear negative trend."

"Primary supply/demand issues have not changed over the past few months, and each week brings pronouncements of renewed emphasis on nuclear capacity to solve fundamental electrical needs," according to Mustard and Thompson.

"Perhaps a key insight into longer term trends is the possible impact of the recent spot price decline on those companies either at the advanced stage of development or in feasibility. With the market valuation of individual companies dropping by 35% to 50%, those most affected may curtail some expenditures, leading to a deceleration of project development-ultimately feeding into lower than forecasted long-term growth supply," they noted. "Also some companies seeking equity and debt financing may experience pushback, again affecting their project timelines."

"This, combined with production shortfalls year over year 2005 to 2006 and forecasted for 2007, upward price pressure is likely to persist for a longer period."

Haywood's analysts forecast that "while the spot price has weakened and could weaken a tad more, by the end of the year prices could regain much of the lost ground, setting the stage for a robust 2008 and beyond. With potential brownouts in some areas like India, it is possible that near-term spot could exceed the recent highs."

Meanwhile, Haywood's research found that since July 1, uranium producers have experienced an average 22% decline in equity value, compared to a 32% decline for explorers and a 37% drop for developers.

Canadian uranium miners Cameco (TSX: CCO) and Denison Mines (TSX: DML) have sold off 28% and 33% during the same time period, according to the analysts. Best performing producers during the period were France's Areva SA and Uranium One (TSX: SXR).

The analysts noted that "exploration companies, which participated the most in the upside caused by the rapid uranium price escalation, have corrected the sharpest in recent months. Share price performance within the exploration sector showed weakness even before the uranium spot price topped out at US$136/lb U3O8. "

[vanbrussel] 23/8/2007 12:24

(Last year's Firawa-#3pit sample had a Niobium value of 15,927ppm)

TV's TO GET NIOBIUM OXIDE CAPACITORS IN PLACE OF ALUMINIUM ELECTROLYTE CAPACITATORS

AVX Corporation is set to replace traditional aluminium electrolytic capacitors in latest generation LCD/PDP TV applications. New OxiCap devices offer a high reliability of up to 500k hours, and are available in low profile and low ESR styles, making them ideal for consumer electronics applications such as HDTVs.

A key driver in this market is the need to dramatically improve reliability of these very high cost consumer products, compared to the low cost CRT systems. Some of today's LCD/PDP TV designs still consist of 100 to 200 aluminium electrolytic capacitors per board. However, recent requirements like lead-free and RoHS compliance, combined with increased reliability requirements, mean that OEMs will now favour Niobium Oxide capacitors. RoHS-compliant OxiCap capacitors, unlike aluminium devices, are fully compatible with 3x260°C lead-free reflow assembly and deliver MTBF reliability values which are about fifty times better.

Thanks to a higher volumetric efficiency, OxiCap devices are also thinner and smaller than their aluminium counterparts. More, when considering a complete cost model for OxiCap components (including high speed SMD technology, lead-free compliance and high manufacturing yield/less rework) they are significantly more cost-effective than traditional aluminium capacitors.

Some of the leading LCD/PDP TV manufactures have already started using OxiCap capacitors in their latest models, in applications such as A/D processing, DC/DC converters, audio/video input and output of control units, drivers and interfaces. The proven devices will help design engineers in their challenge to meet increased requirements for better computer graphics power (full HD resolution) and higher reliability, combined with a thinner, more lightweight and environmentally friendly design. – Azom

(22/08/07)

[vanbrussel] 22/8/2007 20:35

COPPER RULES THE METAL MARKETS (22/08/07)

Long seen as a proxy for global economic activity, is doing all right, along with copper stocks, as Chinese consumption continues to increase.

The dollar price of copper - levels of which are used by some investors as a proxy for global economic activity - has outperformed many other metals and commodities during recent bouts of profit taking in equity markets, triggered by uncertainties in credit markets, which stemmed, in turn, from rising failures in the US subprime mortgage bond market.

Measured in dollar terms, copper is about 10% up on the start of the calendar year, but 15% off its May highs. The price has shown a strong correlation with moves in the Standard & Poor's 500, and has supported relatively smaller losses of listed copper stocks, when measured against other groups of mining stocks. The copper grouping has performed almost as well as the major diversifieds grouping, where several individual members rank, as such, as major copper producers.

Selected copper stocks

Stock price From 12-m high

Anvil Mining C$16.01 -21.2%
Aur Resources* C$40.67 -4.1%
Antofagasta £6.94 -9.2%
Equinox C$3.38 -27.2%
Freeport McMoRan $84.51 -15.6%
First Quantum C$80.73 -29.3%
Inmet Mining C$83.95 -17.0%
Ivanhoe Minerals C$11.04 -38.7%
Katanga Mining C$19.95 -28.9%
Oxiana C$3.29 -18.8%
Frontera Copper C$5.49 -27.2%
Quadra Mining C$15.55 -16.8%
Vedanta £16.69 -9.5%
Southern Copper $98.50 -15.1%

Arithmetic average -19.9%

OTHER EQUITY GROUPS
Nickel -28.5%
Zinc -28.4%
Uranium -52.9%
Platinum -36.9%
Gold -30.3%
Major diversifieds -19.3%

Copper is currently trading around $3.25 a pound, after its $3.75/pound records earlier this year. The price last year fell more than a dollar a pound, to levels around $2.50/pound, before again resuming a strong bull market trend. Aluminium has fallen from around $1.30/pound to some $1.10/pound, while nickel has roughly halved in the past few months, to current levels around $12.60/pound. Lead has declined from recent records above $1.50/pound to $1.40/pound, while zinc has fallen from about $2/pound late last year to current levels around $1.40/pound.

On Wednesday BHP Billiton (BLT.L, £13.57 a share) posted record annual results, on record sales of copper, iron ore, coal and petroleum products. In widely watched statements, the group stressed that it did not expect recent market turmoil to cut the use of industrial metals. It said that "recent discussions with our customers have indicated that they do not expect the volatility in the US and European credit markets to have a material impact on raw material demand".

In recent analysis, the Bank Credit Analyst said that while commodities linked to US housing such as lumber and copper may meet downward, the overall climate for commodities remains healthy. Robust investment trends in emerging economies are seen as commodity-intensive, and "a huge tailwind for commodities". Global supply bottlenecks as seen as remaining stubborn, while exploration costs continue to mushroom.

Meanwhile, traders in the metal pits noted data showing world number one copper consumer China continuing to buy huge amounts of the metal. China's refined copper imports in July were up almost 70% on the same month a year ago.

MAJOR DIVERSIFIEDS
Stock price From high
Rio Tinto £32.42 -20.9%
Anglo American £27.59 -18.0%
BHP Billiton £13.57 -13.6%
Xstrata £28.79 -17.6%
CVRD $42.80 -19.5%
Norilsk $200.25 -26.2%
Simple average -19.3%

By Barry Sergeant, Johannesburg

[vanbrussel] 22/8/2007 10:47

Yep, Maroochydore covers the shareprice

It is in ABY's businessplan,
and don't forget double the Nifty grade
Nifty oxide = 0.55%
Maroocydore oxide = 1%
ABY has all the processing know-how,
15Mt 0.55% material in Heap Leach Pads for 40Kt Cu

My most DRC-Congolese alike company (Cu-Co-U) without the country risks
The Guineans consider themselves as the happiest people around
The Mauritanians are amazingly pragmatic and have longtime running projects

[fingolfin] 22/8/2007 09:46

Just bought some more of this - very low mkt capital in comparison with their prospects imo. The copper resource in Maroochydore alone covers it. Also Mauritana looks promising - roll on the results.

[gerri-c] 22/8/2007 07:23

vanbrussel - Thank you for informative post 329,

Certainly marries well with many points brought up in a discussion on CNBC this morning (chap from New City Investment Managers):

On the drop in spot price - he termed cyclical although not necessarily at bottom. Speculation and hedging have contracted. Utility companies are pulling against raised prices - traditionally as low as $7-$10 whereas increased demand led to prices in region of $136 to $95 per pound.

This is not a just-in-time utility so demand remains strong - new reactors being built in East and the US

Supples remain tight

Any new mines take time to production