UPDATE UPDATE UPDATE..

COMPANY WEB SITE.........

http://www.vaneminerals.com/

THE PRICE OF URANIUM IS GOING BALISTIC...

The uranium spot price hasn't seen a down month since 2001. For years now, uranium producers have met just 60% of total annual demand - the other 40% coming from government stockpiles and decommissioned nuclear warheads. This can go on for only so long.

The tightness of supply comes at a time of atomic resurgence. Three large-scale factors have turned the tide in favour of nuclear energy:
geopolitics, global warming and developing world growth.

Analysts are debating over wether the SP of Uranium increase will be three fold within 2007?.

Looks like to me, the best play on the UK market for Uranium and it hasnt gotten away yet like the other two ZBA Zareba and URA Uranium which have multi bagged. Its also in a position to fund its development with a new gold mine producing. Ive added twice this morning and think this one could be very big. Heres the announcement...........

Vane Minerals PLC
07 March 2005


VANE Minerals plc (AIM: VML)

VANE Announces Diversification Into Uranium Exploration And Development

Vane Minerals ('VANE' or 'the Company') announces that it is diversifying its
current project portfolio by entering into the uranium exploration and
development business.

To date 7 uranium targets have been successfully claimed by the Company and 28
further properties have been identified and are under development. VANE expects
to finalise its property position by the end of the first quarter 2005. The
Company is targeting uranium projects that are either at, or near, resource
stage or targets that exhibit similar surface features to mines with past
production, but that have not yet been evaluated for the presence of uranium.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
current uranium market conditions, we prefer to not identify the location until
we complete our property position. Previous drilling data available for some of
the 7 properties successfully claimed indicate grade intersects from 0.34 up to
1.78% U3O8.

VANE has incorporated a 100% owned subsidiary to hold its uranium properties and
has also successfully recruited a uranium geologist, Kristopher K. Hefton B.Sc.,
who has considerable experience in this field and is a great addition to the
VANE team. Mr. Hefton has worked with VANE's exploration team in the past during
his time at Freeport McMoran, and he has also worked for Barrick Gold
Corporation, Homestake Mining Company and Energy Fuels Nuclear Inc.

Michael Spriggs, Chairman of VANE, commented, 'We are delighted to announce the
addition of these uranium assets to the VANE portfolio and will update the
market with more substantial details once further properties have been claimed.
The uranium market has been strong for some time now, reflecting a long-term
forecast supply shortage and the growing recognition that nuclear energy offers
a cleaner and more energy efficient fuel source. Through our extensive network,
we have identified some quality projects and look forward to releasing further
details when appropriate.'

Enquiries:

VANE Minerals plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

cheers GF.

Madders no, I have to take her indoors for an hospital appointment which is a shame, I mean missing the meeting.

cheers GF.

Yes, it would have been good to get a face-to-face encounter, but I'm just too far away. You stick by her GF, with your hours it must be the only time she gets to see you. LOL

Wish the SP wouldn't do this periodic 20% odd rise in one day, its frequency just encourages the traders and in the long term that's keeping the price down. Still, maybe it will break free...

Cheers, Madison

Agreed there, WE DONT WANT TRADERS, get lost.

cheers GF.

Sections > Junior Mining

Moving up the J-curve
By: Rhona O'Connell
Posted: '17-JAN-06 11:00' GMT Mineweb 1997-2004

LONDON (Mineweb.com) -- Typically speaking, one of the key points on the J-curve is when a company starts generating revenues and this is what is now happening with VANE Minerals.

For those unaccustomed to the term J-curve, it works roughly as follows (all these comments are predicated on the maxim pari passu, or All Other Things Being Equal):
a) company identifies a prospect; stock price can rise
b) company then spends a period of time burning funds in exploration; stock price drifts
c) company announces a reserve; stock price rallies
d) company spends time and burns cash developing prospect; stock price drifts
e) company announces production imminence / schedule; stock price enters phase reflecting development and quality of project
f) company starts generating free cash flow; stock price can improve further

Every analyst hAs a slightly different definition (including, on a more technical basis, using the Internal Rate of Return as the variable rather than the share price) but this is a broadly accurate set of parameters.

VANE Minerals has now announced that revenue is now being generated from the sale of its Diablito silver / gold concentrates with following the first shipment of concentrates in December 2005. The company expects that continuation of these revenues, which amount to an estimated US$200,000 per month on average, will allow VANE fully to fund its foreseeable exploration activities. The company is not, therefore cash-flow positive, yet, but is reducing its cash burn rate.

Mineweb readers will remember that VANE is exploring and developing precious metals and uranium deposits in Latin America and in the US. The company was listed on AIM in June 2004 (ticker VML), with a view to becoming a self-funding exploration company. This latest announcement would suggest that it is progressing down its chosen path.

The key to VANE is its management (as it should be with all companies) at the core of which is a team of former exploration experts from the now disbanded Freeport mineral exploration programme. This team, headed by Dr. Steven Van Nort, has negotiated exclusive rights to review the Freeport database, which includes over 7,000 exploration files and the company is focused on developing selected projects generated from this database. VANE has secured the rights to properties in Mexico (Diablito, Choix, Guadalcazar and Mina Charay) along with three exploration blocks in Paraguay and uranium prospects comprising 17 target areas in northern Arizona, while negotiations are at an advanced stage over additional attractive properties in southern Utah, of which at least two are believed to contain a defined uranium resource.

The Diablito property currently shows a measured resource of 23,300 tonnes grading 12.13 grammes per tonne of gold and 1,319 grammes (42.4 ounces) per tonne of silver and this ore can be taken directly to a smelter. There is an indicated resource of 11,700 tonnes and an inferred resource of 65,000 tonnes at the same grades.
Gudalacazar was put on the back burner for a time last year in favour of the Choix project in Sinaloa, with the result that the Choix drilling programme is now complete and with results due in the next four to six weeks. Drilling will now recommence at Guadalcazar, where first-round drilling results confirmed the presence of hydrothermal gold and the tuff area of six kilometres by 0.8 kilometres is estimated to contain between four and six million ounces of gold, although at the moment the grade is thought to be uneconomic.

At the Mina Charay gold / silver prospect VANE is undertaking a pre-feasibility study to assess economic viability and this should be complete by the end of this quarter.

Paraguay is further down the horizon, with the company holding exploration permits, where the initial stream sediment sampling has indicated a gold-bearing area of 14 kilometres by 8 kilometres. The government has extended the permits through to September 2006 and the company now intends to define the extent of the area more closely in the expectation of conversion of the Investigation Permits to Exploration Licences.

Meanwhile, in the United States the company has been granted the Exploration Permit for the Hillside Tailings Project in Arizona. This is a small project, (approximately 180,000 lb), but if viable then it would be a simple process to extract the tailings and deliver for treatment, thus throwing off more cashflow for exploration.

The company is still an exploration play, but is confident that there are excellent opportunities to generate significant growth; to date it has exceeded its plans as outlined at the time of the IPO and sees no reason why it should not continue to make healthy progress.

Cheers, Madison

http://clients.westminsterdigital.co.uk/minesite/microsite/events/29/pdf/Vane.pdf

.

http://clients.westminsterdigital.co.uk/minesite/microsite/events/29/pdf/Vane.pdf

OK last try, apologies for above link not working...

http://clients.westminster-digital.co.uk/minesite/microsite/events/29/pdf/Vane.pdf

You having the same problem as I have madders posting a link LOL. Delete the HTTP twice and you should be ok.

cheers GF.

PS, good post by the way.

Yep, have you looked at the North Wash stuff? Am I going mad or has this been overlooked - it's not mentioned in the last press release and I don't see it on Vane's own site.

That last link should work. The pictures are far superior to that on Vane's own site.

Sorry about my technical incompetence!

Cheers, Madison

Think youve found an exclusive here madders.

I cant recall seeing this before.

Might be worth sending the company an e-mail to confirm etc.

Heres the item......

North Wash Project - Utah

Drill-indicated Resource of 150,000 lbs eU3O8,
750,000 lbs vanadium (V2O5)
US$12.5m Gross ($36.50/lb U3O8 & $10/lb V2O5)
Estimated Operating Profit $6.5m
3 year Mine life
Excellent potential for additional resource


cheers GF.

Hi All,

Meant to paste this up a few days back but got sidetracked on far more important matters (like booking a holiday!):

Uranium is set to explode
23.01.06
UK-Analyst

Uranium is set to explode - the favoured commodity play
Says Garry White, stock market reporter at UK-Analyst.com


These recommendations do not constitute advice, please read the risk warnings

Just imagine what the performance of the FTSE 100 would have been like over the past two years if the index wasnt heavily weighted towards mining stocks. The performance would be abysmal. After supporting the blue-chip index for such a long time, will 2006 be the year that sees the end of the mining bull run?

Quite frankly, we dont think so, provided there is no economic meltdown, which does not appear to be on the cards just yet. There is a risk that the Federal Reserve may raise interest rates by too much and that this will stifle growth. That is perhaps one of the largest threats to the global economy. It would be disastrous for the US, with its multi-billion-dollar military spending commitments. These concerns have accelerated with the imminent departure of Alan Greenspan from the role he has held for decades. He is to be replaced by Ben Bernanke, who is not exactly an unknown factor, but any change can be unsettling.

The Chinese economy pushed Britain back from its position as the worlds fourth-largest economy. This growth will continue, albeit at a more subdued pace. Indeed, the rate of economic growth China has seen recently is unsustainable and some slowing is good news.

Economic prospects aside, things actually look good for metals stocks and its all to do with supply. Morgan Stanley said that it expected supply disruptions would become almost commonplace this year. It said that rising costs due to infrastructure bottlenecks, equipment shortages (particularly tyres), and a lack of skilled labour would stretch many operations which are already at breaking point.

If Morgan Stanleys expectation is correct and UK-Analyst believes that it is the industry looks set for major production problems. With inventories already tight, production difficulties look set to keep metals prices on the upward track. The broker said it thought that there was more upside in copper and zinc prices and that these metals were its favoured plays. However, at UK Analyst we take a different view and its the same one we have held for some time. You must have exposure to uranium we think you would be mad not to.

Uranium is the fuel that is driving the resurgent power revolution and, although its price has moved already, it looks like the price of this radioactive metal is firmly on an uptrend. The uranium price during the 1970s was $43 per pound, but as nuclear power went out of fashion, the cost of the metal plunged to around $7 per pound. Today, the price stands at around $35 per pound - still below historical highs. There are even some analysts forecasting the price of uranium will hit as much as a whopping $100 per pound, but this is probably over optimistic but not impossible. We have been saying for the last six months that we believed the uranium price could hit $50 per pound. We think this is realistic.

Basically, it looks like the uranium industry is going to turn into a bit of a cash cow over the next decade and now is a good time for a long-term investor to get in on the act.

Cheers, Madison

U308 = $37 now.

Also tipped in this weeks"shares"mag for all its worth.

Madison, I know that VML are strenthening their uranium line but which other AIM companies are strong in Uranium.. I totally agree with your comments regharding Uranium prices!! Bang on! They take account of future trends as well as shift in Governmenet policy to focus on nuclear power!

Had a small nibble today, short term play.

is that what sent the price down......
sorry, hope you came in after the drop...

25k at 13.38p was my trade, wondered why it did not move
up with all the buying and the 250k at the close was the reason,
Evo clearing a seller.

ravey davy gravy - this is a very interestin stock and i'm in it quite heavy. Has a good summary of projects on the minesite website.... Very interesin

Had a small dabble with these to start with, looks an interesting portfolio.
Plenty of buys but sp held back two days running by 100,000 sells?