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.

Well if we take the figure of 5 million pounds of eU308 from one Breccia pipe (and forget about the 13 million pounds ... awaiting production) at $24 per lb that's $120 million.

The Arizona location is excellent and the restarting of processing at nearby White Mesa Mill all fits together beautifully.

Cheers, Madison

Just ticked up to 20p, thats a .75p hike in two trades Just what we have been looking for tremendous

Loadsa

Excellent news - just what we have been waiting for. Thanks Madison for keeping us updated on the spot prices and for the forward calculations etc - and of course to GF for raising the interest in the first place.

Baza

I think regular posters/readers of this thread know that they have been part of a relatively small band up to now. Hopefully, this news will percolate out to a wider audience now and get some decent buying going.

Cheers, Madison

Well that was worth getting out of bed with a hang over for!!

This one looks like it is going to survive the slaming that other junior miners are getting in the market at the moment.

Tallsiii

Just ticked up again, and all before 08:30. With the expected news flow throughout the year, this should develop into a sound holding.
Loadsa

Aceessing the Bulletin Board was taking about 1 minute to load - but that seems to have improved back to normal now.

Thanks anyway

Baza

The potential is massive. Just aded wish I had done that Friday, never mind 21.7p is a gift. Doing some rough calcs at the moment.

cheers GF.

Ps, more news to come aswell.

Added again in for a penny in for a pound.

cheers GF.

topped up again, dont want to miss out on this. I dont think we will see prices like this again so get in while its a bargin.

oops - re 531 - apologies - wrong thread

Baza

Now up nearlly 12% go on higher, higher.

cheers GF.

Seems to be a lot still on holiday.

For anyone interested in Breccia pipes there is a wealth of info out there, but this one contains a good diagram.

Do look at the dates on all this info though. Some is outdated, and the people with the most up to date info are probably Vane Minerals

http://pubs.usgs.gov/bul/b2004/html/ bull2004breccia_pipe_uranium_deposits.htm

Cheers, Madison

http://pubs.usgs.gov/bul/b2004/html/ bull2004breccia_pipe_uranium_deposits.htm

Madison - can you check your link please (re post 537). Get a 404 Error.

Has everybody got the news icon next to vml on there stockwatch? Not showing up mine!

Sorry - posted the link again because when I checked it didn't seem to function out of the thread. It still doesn't for me. Will look into it later if I have time.

If you are interested you can just google "Warren Finch Breccia pipes".

Cheers, Madison

http://pubs.usgs.gov/bul/b2004/html/bull2004breccia_pipe_uranium_deposits.htm

Dawsinho - I have same problem - ie no News indicator - I have raised ot woth Ian at MoneyAM - under sire problems

Baza

How's that Starfrog? Now works for me.