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.

interesting, but like the old Turkish Delight advert, just full of "eastern promise"!

Excelent update.

23.50 is the all time high, and exactly where sp is currently sitting .... big Q is whether or not sp will get vertigo or surge ..... odds are probably slightly in favour of the latter

spread is narrowing at last. All signs suggest a small move north .

A good update reading the D/Report it looks like we are going to get plenty of news over the coming year to keep us punters happy and the sp moving in the right direction.

And it keeps going up

April Uranium Price Forecast: $110/Pound

http://www.bestsyndication.com/?q=040107_uranium_april.htm

http://www.stockinterview.com/News/04012007/April-Spot-Uranium-Price-Outlook.html

I bought UMN and URA and put this on watch list for a pull back. I chose the wrong one as URA hasn't performed well for me I wonder if it's worth switching now or too late!

Don't touch BRM (Brinkley Mining) too, moneyplus, but I think VML has much more to go upwards.

why do you not like BRM? .... i know nothing about them

What with Gordon Browns bro doing the bidding for EON of Germany for Drax tends to support the notion that British future energy policy rests in nucleur ...This is one of the few smallcaps l think could be a real winner this year . Cheers Driver for link ...............the lazy one lol ...@+ J

From the other side courtesy of Davesmith53

Good Morning all

Parkgreen have returned my call enquiring about the final results, these will be released "on or about" 1st May.

They will incluse a full financial report, details of progress at Diablito, collated updates on all drilling programs and possibly details of new property aquisitions.

As far as I can establish all is going acording to plan, we should shortly get a clearer picture of progress and one hopes that the sp will get a lift as a result.

THanks for the update driver ............Now see what (BRM) have to say i phone them in march and they say they would have some news out end of still waiting.

d'accord ..cheers driver for your update .The manner in which you dig out all manner of info makes you a veritable miner of a type .......cheers mate ........................The lazy one lol @+ J

mms shaking the tree here Short of stock .

I got out with a reasonable, for me, profit. Originally buying because VML were actually mining and producing profits.... now all I read is about boreholes which just makes me dizzy and doesnt sound like cash .... would like to come back in when some appears or have I missed the plot?

tipton11
No you havent missed the plot you have missed the point below is one of my earlier posts, uranium is now $95+ a lb and still going up VML could be producing the stuff as early as 2008.

The potential of VML is a bit mind bogerling With the historic average for breccia pipes of 3million lbs of uranium at $86 thats $258m per pipe, $50m to mine leaves $208m worth of uranium multiplied by 29 = $6b

If you half it its $3b

hi tipton11
no you have not .......VML will make lots of money 2008 will be a big year for uranium it at $95 and could be $105 my end of June when it go;s it will rocket.

Tipton11, you are going to miss the ride upwards.

Friends I stand correeted ... thanks for your replies ... though still think will watch for the time being

i am quite puzzled ..... VML,which is actually producing, has stagnated of late whereas UMN, which only has good prospects, is steadily ticking upwards ..... any thoughts?