Uran - Ein big player wird geboren - UrAsia Energy - 500 Beiträge pro Seite

[chatterbox]

Trading halt bei Signature Resources. Nach der Wiederaufnahme wird eine ganz neue Firma entstanden sein.

Uranium`s New Kid on the Block Will Be the Biggest

By David J. DesLauriers
29 Sep 2005 at 11:49 AM EDT


TORONTO (ResourceInvestor.com) -- The Endeavour people now have a uranium vehicle, and as usual they have gone big. The presently halted Signature Resources [TSXv:SRZ] is the putative subject of an RTO and a name change to UrAsia Energy.

The Team

The team will include Ian Telfer as non-executive Chairman, and the board of directors will consist of Phillip Shirvington, Frank Giustra, Bob Cross, Douglas Holtby, Dr. Massimo Carello and one other to be determined. The officers will be Phillip Shirvington, president and chief executive officer, and Gordon Keep, chief financial officer and secretary. Half of this list are former Yorkton, Endeavour people who are part of almost all of the large mining deals in Canada and in Europe.

This project is designed to be the blue chip vehicle for institutions to participate in the uranium bull market predicted by an increasing number.

Financing

“UrAsia has agreed to enter into a brokered private placement through a syndicate led by Canaccord Capital Europe Ltd. and including BMO Nesbitt Burns and GMP Securities Ltd. of subscription receipts at an estimated price of $2.00 (Canadian) to $2.50 (Canadian) per share to raise gross proceeds of $300-million (U.S.). The agents will also be granted a greenshoe option of up to $125-million (U.S.).”

Knowing this group, and the appetite for uranium, the greenshoe will most likely be filled. $425 million is one hell of a lot of money – more than was raised for Wheaton River in the early days, and it is also a big vote of confidence in Kazakhstan where all of the proposed assets are located.

Kazakhstan

This will be, by my count the third Endeavour related vehicle operating in Kazakhstan, the two others being European Minerals [TSX: EPM], and Oriel Resources [TSX: ORL].

As we told readers in late June when we reported on the Oriel story, Kazakhstan is a better place to do business than people realize.

The GDP of Kazakhstan is 41 billion dollars, which is more than the combined GDP of the four other ‘Stans’ and also more than the combined GDP of Georgia, Armenia and Azerbaijan.

"We (Kazakhstan) have done extremely well as compared to other Stans in the neighborhood," Kazakhstan President Nursultan Nazarbayev told United Press International in an interview. "We have one third of Central Asia`s population and three fourths of its natural resources," he said.

Nazarbayev also told a recent gathering at the fourth Eurasian Media Forum that with radical market reforms he has hiked the per capita GDP of Kazakhstan from over $700 a decade ago to $2,700 by the end of last year.

Nazarbayev has pledged to the country`s over 15 million people that by year 2010, the per capita GDP would be $5,800 making it first post Soviet Union nation to reach at par with Czech Republic, Hungary, Poland and Malaysia.

Indeed, Kazakhstan does appear to be a cut above the madness going on in the Stans right now, and investors forget, or are unaware of the fact that the country has the same bond rating as Mexico.

Assets

UrAsia has the option to acquire a 30% indirect interest in the Kharassan uranium project located in south-central Kazakhstan in consideration for $75-million of which $37.5-million is payable in cash and $37.5-million is payable by the issuance of ordinary shares of UrAsia at the financing price. The other 70% interest in the project is held by Kazatomprom and another Kazakhstani entity.

UrAsia has also entered into a memorandum of understanding pursuant to which it can acquire an indirect 70% interest in the Betpak Dala joint venture, which has interests (described below) in two uranium projects in Kazakhstan in consideration for $350-million, payable as to $234-million in cash and the balance by the issuance of ordinary shares of UrAsia at the lower of the financing price.

UrAsia also intends to submit an offer to a public tender by the Kyrgyzstani government for the purchase of a 72% interest in the Kara Balti uranium mill, located in Kyrgyzstan.
Conclusion

It would appear that if this is consummated, UrAsia would have a market capitalization larger than all of the Canadian listed uranium plays save Cameco [TSX:CCO]. I believe that honour currently goes to International Uranium [TSX:IUC].

All of the assets will be concentrated in Kazakhstan, and by all appearances uranium reserves will be huge, the partner will be Kazakhstan’s state energy company, and there will likely be uranium production in fairly short order.

The company will be run by a group that can raise money, promote, and has excellent relationships with the institutions. If uranium runs, this thing will be at the top of the list. One wonders if there will be a publicly listed, long life warrant?

Schon mal vormerken.

[chatterbox]

www.urasiaenergy.com

UUU-TSXV
WKN: A0HG95

MANAGEMENT

Ian Telfer –Non-Executive Chairman
- Current President / CEO of Goldcorp Inc, world’s seventh largest gold mining company
- Formerly, Chairman / CEO of Wheaton River Minerals and a founding director of TVX
- Has raised over US$1 billion for international mining exploration and development around the world

Phillip Shirvington –CEO, Director
- CEO of UrAsia with senior management experience
- Formerly, CEO of Energy Resources of Australia Ltd., the third largest uranium mining company in the world
- Oversaw the development of the Ranger 3 ore body and the doubling of capacity at the processing plant

Frank Giustra –Director
- Chairman, Endeavour Financial since 2001
- Former Chairman / CEO of Yorkton Securities (1990-1996)
- 1997, founding Chairman Lions Gate Entertainment, a NYSE listed Company with revenues of over $1 billion
- Since 2001, Endeavour has raised in excess of US$2 billion of equity and debt and advised on $4 billion of M&A

Bob Cross –Director
- +15 years experience in international natural resource equity markets
- Chairman, Northern Orion Resources Inc. and Bankers Petroleum
- Former Chairman / CEO of Yorkton Securities (1996-98) and Partner of Gordon Capital (1987-94)

Other Directors –Douglas Holtby, Massimo Carello

Sally L. Eyre B.Sc., Ph.D., D.I.C., -Vice President Corporate Affairs
- Ph.D in Applied Geochemistry& Economic Geology -Royal School of Mines, London, UK
- Formerly President/CEO of TLC Ventures Corp., and Vice President, Corporate Affairs of SoutherneraResources Ltd., a Canadian company with mine operations in South Africa.

Wallace Mays –Operations Manager
- P. Eng. with 31 years of experience in uranium mining and marketing
- A pioneer in ISL technology, he managed 8 ISL mines in USA

Gordon Keep –CFO
- Managing Director, Corporate Finance, Endeavour Financial
- Former Senior VP Lions Gate Entertainment

ASSETS

KAZAKHSTAN:
70% interest: Akdala in-situ leach uranium mine
70% interest: South Inkai development project
> US$350 million
30% interest: Kharassan development project
> US$99 million

RESERVES & RESOURCES

Reserves of 4.5 million lbs U3O8proven and 15.0 million lbs U3O8probable

Resources of 25.5 million lbs U3O8indicated and 59.1million lbs U3O8inferred

Commenting on the Company`s strategy, Phillip Shirvington, CEO, said

"GlobalCommenting on the Company`s strategy, Phillip Shirvington, CEO, said "Global energy demand is soaring and, along with that, nuclear power generation. Our uranium production will go some of the way in meeting the producer supply shortfall in the uranium industry and thereby making an important contribution to meeting global energy demand. The Akdala in-situ leach ("ISL") mine has been in operation since 2003 and our first priority is to expand production through a process improvement plan, which will be funded from the project`s operating cash flow. UrAsia has approximately CDN$75 million of cash and plans to work closely with our local partner, Kazatomprom, to aggressively bring our two advanced stage projects, South Inkai and Kharassan, into production. For all three projects, we have created strategic partnerships with Kazatomprom, the Kazakh State owned company responsible for the mining, import and export of uranium, giving us invaluable local expertise."

Investors Seek Leverage
Posted on November 30, 2005

Leverage to a rising commodity price-that`s what investors look for in their portfolio, shunning companies that hedge their commodities. Investors expect to see higher revenues and earnings - and higher stock prices - in a commodity bull market. But many producers are hedged - and investors must be aware if their companies are hedged or not. Newsletter editor James Winston tells us how one of his new favourite producing companies, UrAsia Energy Ltd., (UUU-TSXV) will benefit from not having hedged its production in a rising uranium market. With production moving higher along with uranium prices, Winston says UrAsia is a stock to buy.

UrAsia Energy (UUU, TSXV) Trading has Opened with a Bang

As expected, UrAsia Energy opened with a bang a few weeks ago and has consistently been the highest volume traded Uranium Company in North America.

As I mentioned last week, accumulate slowly. Over the next few years I foresee uranium prices continuing to trend upward – industry analysts wouldn’t blink if you called for $60 Uranium within two years. This means that companies who are planning on starting or increasing production will see the biggest gains in their stock values. UrAsia should give us above average returns as it is there intention to do just that.


Let’s take a look at the UrAsia scenario.

If uranium prices increase to an average price of $40 per pound over 2006 from the $33 level today, UrAsia will quickly become the darling uranium stock for institutional investors over today’s number one company, Cameco. The reason for that has to do with hedging. Cameco has locked themselves into future contract sales which have limited their ability to ramp up revenue. Even by 2008, only about half their production will be available for sale at higher prices.

In a sector where prices are rising, the advantage goes to those companies who are unhedged and can sell at current market prices. It certainly helps if you can increase production year over year too. With that in mind, UrAsia’s prospects look really good over the coming years ahead.

Here`s a snapshot of UrAsia`s assets:

The Akdala uranium mine is presently producing 2 million pounds per year (1.4 million net to UrAsia with its 70% interest) with plans underway to boost the production level to an estimated 2.6 million pounds by 2007. The expansion is being financed out of cash flow – not dilutive equity to current shareholders The cash cost of production at this mine is a very low $7.34 per pound.

UrAsia is also developing the South Inkai property, located immediately south of Cameco’s Inkai joint venture project. UrAsia has a 70% stake in this project which is expected to start up in late 2007 with initial production coming in at 5 million pounds per year. (UrAsia’s 70% share would be 3.5 million.) All-in production costs are projected to be US$12.50 per pound. I expect the price of uranium to be over US$40 per pound by then, making the new mine very profitable. The company believes the production could be eventually doubled at South Inkai. All this will be done with no equity dilution – they can get debt for this entire capital cost.

UrAsia also holds a 30% interest in the Kharassan project. A prefeasability study has been done on this play which is expected to produce 5 million pounds per year starting in late 2007 (UrAsia’s share would 1.5 million pounds). UrAsia estimates that production could be increased in the future by an added 2.6 million pounds per year.

All of the above assets have identified large Russian P1 Resources totalling close to 400M lbs of Uranium. This is where I expect to see tremendous growth in the Company over the coming months. The company currently has reported 85M lbs of Canadian NI 43-101 compliant uranium resources in the ground with a market cap of $675M CDN. That works out to be $8 per pound of Uranium in market cap. If they continue to drill out the 400M Lbs previously identified to a Canadian NI 43-101 resource category – at the same $8 per pound market cap UrAsia could be a multi billion dollar company with little effort.

Summary

Given the planned expansion of Akdala with the development of South Inkai and Kharassan, UrAsia’s production level could reach an annualized rate of 6.8 million pounds within two years time. This would make UrAsia one of the world’s top uranium producers. Going forward to 2015, UrAsia estimates that a production level of 10 million pounds per year could be hit just from their current property holdings. Additionally you have to consider where uranium prices will be. It is very possible we could see $100 uranium prices before this bull market ends.

UrAsia is a buy.

Issue 45 November 10, 2005
www.jameswinston.com
1-800-528-0559


LAST TRADE

09 Dec 2005 15:57 EST
Last Traded 1.800 Net Change +0.020
Last Bid Size 15 Volume 2,338,350
Last Bid Price 1.790 Open 1.800
Last Ask Price 1.800 High 1.810
Last Ask Size 242 Low 1.770

Rolling 52 Week High 1.840
Rolling 52 Week Low 0.210
Total Number of Shares 419,666,871
Shares in Escrow 56,250
Net Shares Outstanding 419,610,621
Float Quoted Market Value 755,299,118

/cbx/

[chatterbox]

Growth Stocks Weekly
Junior Gold and Natural Resource Sector Analysis

Special Report on Kazakhstan
Richard Reinhard, Dec 15, 2005


http://www.321gold.com/editorials/reinhard/reinhard121505.ht…

[No Use for a Na]

hallo chatterbox!!
bin mittlerweile auch dabei und von dem pick überzeugt!!

kleiner link am rande:
http://www.canadianminingnews.com/goldeditor.htm

text:
Jordan Funds Uranium Top Pick [2005-12-03 18:02]
(translated from the original Swedish)

URASIA ENERGY (UUU.TSXV)

UUU is a Canadian listed uranium company with operations in the world’s second largest “uranium reserve land”, after Canada, in Kazakhstan. UUU came into existence on November 8, 2005, through a record breaking RTO transaction vending its private assets into a shell company, Signature Resources. The ball started rolling when UrAsia BVI Ltd. was financed via private placement to institutions raising CAD $504M at $1.80 per share. The company secured the assets on November 7 and the Company began trading under the symbol UUU on November 8th, 2005. The company has 420 million shares issued and outstanding today with market cap CAD$650M and CAD$75M cash.

Management consists of former ERA (a large Australian uranium producer) CEO Phillip Shirvington and GoldCorp (Chairman and CEO) Ian Telfer as Non-Executive Chairman of the Board. Two extremely strong names in the mining sector.

The production at present is approximately 1.4M lbs per year increasing to 1.8M lbs by end of 2006. The increase in production should be accomplished from the existing cash flow. Production costs today are around $7.34 per lb with life of mine capital costs of 3 USD/lb. The current price of U3O8 is US$36.25 US per lb (and rising). Estimated production from all the assets is 6.8 million pounds per year within 5 years and by 2015 over 10 million pounds. With CAD$75M in the bank they are well cashed up with a strong balance sheet.

With today’s 85M lbs of proven resources in the ground and market cap, the pounds in the ground are valued at 8 US$/lb – on the low end of evaluations. UUU today is trading under 14x cash flow (Cameco, today’s giant, is trading to approx. 30 on the old low price contract – sub $20 per lb). Both Cameco and Cogema (parent company AREVA, the state-owned French big producer) today have big operations in Kazakhstan.

Operations:

The 70% owned producing Akdala Uranium Mine is currently producing 2 million lbs (1.4 M lbs net to UrAsia) annually. This number increases during 2006 to 2.6 M lbs (1.82 net). The increased production cost requirements are paid entirely from cash flow of this mine.

The 70% owned South Inkai development project, which is south of Cameco’s Inkai JV is scheduled to start production in 2007 ramping up to an initial production capacity of 5.2 million lbs annually (3.5M net) and potentially increasing to 10.4M lbs per year during the life of the mine at production costs of $12.50/lb. UrAsia estimates an initial Capex of US$80M which is intended to be raised via debt financing and repaid from cash flow.

The 30% owned Kharassan Project is an advanced stage large Uranium deposits with a pre-feasibility suggesting production rates in the north by late 2007, ultimately reaching 5.2 Mlb U3O8 per year. There is additional potential to increase production by 50% adding 2.6 million lbs to the bottom line. Once again, the financing for this mine is to be sourced by UrAsia Energy and the Company intends to raise the money via debt.

Capital cost and production costs may increase gradually during 2006 reaching a modest range of $USD 12-13/lb. The corporate tax in Kazakhstan is 30% on returns before taxes. Added to this, there is a “super tax” for high profits from mining certain raw materials. This depends on the size of the profit as well as the company’s size and terms of the production. This tax will probably be an additional 20-30%. In other words, you can say 60% “at worst” of profit. This reminds us, to some degree, the Norwegian oil taxes or the Russian oil export tax is calculated on “the bottom line”.

The above-mentioned will, however, not prevent UrAsia from making serious money in the future – of course, provided that the uranium prices stay or get better, in situations up towards $80 USD/lb within a year or so (far from impossible), the situation for UrAsia’s shareholders will become very comfortable.

Jordan Funds 2-3 year target: CAD $15 per share at USD 40 lbs/U308.

Perhaps more realistic is Uranium at USD 80/lb within 2-3 years according to JF, the classic “the sky is the limit” prevails, or in Swedish, “do your homework” and take a strong look at UUU. For someone who is new in the uranium industry, UUU means high risk, for someone who knows more about the industry it means more like high chance.

JF believes that UUU should be ranked in JF’s division 2 group as the top pick. As early as the year 2007, they may be among the world’s top 5 and perhaps in the upper half of the five foremost uranium companies in the world. (I.e. UrAsia, Kazatomprom, Cogema, Cameco and ERA)

JF has meticulously and in a detailed manner gone through the uranium industry specifically, as well as the foremost companies. The 5 mentioned are “the big ones” in the future. Close behind the division 2 gang with less production in view, but still should also be profitable within a short period are: Laramide, Aflease, Southern Cross, Paladin, Uranium Resources, IUC, Denison and maybe Strathmore and UEX. Other companies in this sector can all be classified as high risk companies with accompanying chances and risks.

Right now - UUU.V is Jordan Funds top Uranium stock pick.

gruß
nufan

[No Use for a Na]

zur TA:
sieht bullish gut aus

link:
http://www.stockta.com/cgi-bin/analysis.pl?symb=UUU.C&num1=5…

nufan

[No Use for a Na]

noch was zu UUU.C von thestreet.com

autor howard simmons (man beachte seite 2):

http://www.thestreet.com/stocks/energy/10259075.html

nufan

[XIO]

Hallo UrAsia Freunde.....habe Euern Thread erst jetzt entdeckt.
Unter http://www.wallstreet-online.de/ws/community/board/threadpag… hab ich einen neuen Thread zu aktuellen WKN aufgemacht.

machen wir dort weiter???

[martini81]

Also.... Die Marktkapit. liegt etwa bei 580US$
und die Förderung bei 1,4Mio Pfund.
Uranpreis ca. 40$/Pfund
Produktionskosten ca. 8US$

1.400.000Pf. x 32$ = 44.800.000$ Umsatz /KGV=13 (2005)
1.820.000Pf. x 32$ = 58.240.000$ Umsatz /KGV=10 (2006)
5.200.000Pf. x 32$ =166.400.000$ Umsatz /KGV=3,5(2007)

Kann das hinkommen oder lieg ich hier völlig falsch?
Vorausgesetzt der Uranpreis bleibt auf jetzigem Stand - was ja sehr unwahrscheinlich ist.

[No Use for a Na]

ok XIO -wir können auch zu Dir übersiedeln (also ich -ev. ist chatterbox auch dabei)!!
Ein Thread reicht eigentlich!!

nufan

[XIO]

[posting]19.593.261 von martini81 am 07.01.06 20:49:56[/posting]das frage ich mich auch...und das, so wie Du es geschrieben hast, ist im prinzip das whorst chase szenario

wenn es so kommt, wie hier, daran wage ich gar nicht zu denken, dann gehen wir auf 100CAD

New Crisis for U.S. Utilities: Uranium Supply Crunch Coming
Canadian Analyst Forecasts `Unbelievable Highs` Ahead for Nuclear Fuel as Utilities Scramble for Reliable Uranium Supply

Bambrough warns of a supply deficit peaking in 2015 that might hypothetically drive uranium prices to an " unsustainable" high " north of $500/pound." The U.S. EIA projects, during Bambrough`s timeframe, 67% of the nuclear fuel required to power the 103 U.S. nuclear facilities has not yet been contracted. Under this scenario, Bambrough sees an investment opportunity with many of the junior uranium companies. He explained the Sprott team has invested in juniors that " acquired properties that were once owned and were actively being worked by majors at the end of the 1970`s bull market."

http://www.primezone.com/newsroom/news.html?d=91817

Wir können von Glück reden, daß die erst seit kurzen neufirmiert über TSX und Berlin zu handeln sind. Der Kurs ist immer noch günstig zum einsteigen.

[XIO]

Danke--..und postet fleissig alles was anliegt. Urasia wird abgehen wie Schmitts Katze, Ich bin ja gespannt, wann wir überhaupt die ersten temporärern Konsolidierungserscheinungen sehen...ich tippe auf 3-5€....nis dahin haben wir unseren Einstand sicher rein und dann macht es erst richtig Spass.

Mann bin ich froh. den wert (für mich) entdeckt zu haben. Diesen Thrad habe ich erst ein paar Stunden später bemerkt, weil ihr die WKN nicht verlinkt habt.
Deswegen wird es wohl besser sein, in meinem weiter zu machen oder von mir aus auch einen neuen aufzumachen.
Ich bin echt happy, drin zu sein.
Scheisse, klingt das banal, aber es ist so.