Monday, February 12, 2007

Uranimum mine more than 5 years off ....

Experts are estimating that the next uranium mine in Australia will take five to seven years to bring into production. Greg Hall, managing director of Toro Energy Limited (ASX:TOE) and a former mine manager at Ranger and Olympic Dam, believes the Australian Labor Party will reject its three-mines policy at its national conference in April 2007, and this will clear the way for a resurgence of uranium exploration activity around Australia. He said additional requirements from China and India would ensure continuing global demand for uranium.

Uranium is the hot stock at the moment and companies that are even mildly associated with it are taking off. Definitely a place for the contrarian fundamental investor to be cautious.

Toro Energy is focused on Uranium Exploration in South Australia. The Companys tenement interests cover in excess of 26,000 square kilometres in the Gawler and Curnamona Cratons. Projects include Kingoonya Project, Narlaby Project, Yaninee Project, Roxby - Acropolis Project, Pandurra Project, Mount Woods - Warriner Creek Project, Radium Hill - Bonython Hill Project, Lake Frome Project and Nonning Project.

It is always a place for speculators though and every investor may want to speculate now and then.

Good Luck Investing.

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