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.

People who belive in SEO stick with them, anyone else bog off to the other thread!!
Wheres eric & dynamite?
This thread is now a joke and is on par with the ADVFN crap.
All true SEO holders, stick with it and good luck.

wilbs

May 24, 2005 11:00 AM US Eastern Timezone

Stanelco Signs First Commercial Agreement for GREENSEAL Technology with ASDA Supplier in United Kingdom

SOUTHAMPTON, United Kingdom--(BUSINESS WIRE)--May 24, 2005--Radio frequency applications group Stanelco PLC (LSE:SEO.L) has confirmed that the company has entered its first formal commercial agreement to convert packaging machinery using traditional methodology to a unique Stanelco packaging application that uses radio frequency (RF) technology to seal packages. The agreement is with a packaging supplier to British value retailer ASDA, a wholly owned subsidiary of Wal-Mart that operates 265 stores in the United Kingdom.


The agreement involves the conversion of a Mondini tray-lidding machine belonging to an ASDA supplier to Stanelco's GREENSEAL(TM), a revolutionary new packaging application that utilizes RF to create the tightest, most efficient seal now available for packaging food and retail goods. The agreement was concluded after extensive trials confirmed the capability of Stanelco's RF packaging technology. Trials are continuing with other selected ASDA suppliers.

Stephanie Morgan-Fisher, Director of Stanelco's North American Operations said, "The UK conversion marks the beginning of a revolution in packaging. This is the first machine of ASDA's 200-machine commitment in the United Kingdom. We are aggressively marketing this technology in North America simultaneously and expect to announce our first agreement for conversions in the United States and Canada in the near future."

The identification of the supplier was not announced for reasons of confidentiality, but Stanelco CEO Ian Balchin indicated the size of the supplier and the longevity of their relationship as a provider of packaging services with ASDA was "substantial."

Stanelco's RF packaging technology will provide a number of benefits for both ASDA and the consumer, including:

-- Increased sales

-- Reduced waste

-- Longer shelf life

-- Cost reductions on packaging materials

-- Energy and labor savings

-- Extensive environmental benefits

"This announcement takes Stanelco to the next stage of maturity as a business as our technology enters full scale production. We are very excited by the success of the trials, as are both ASDA and the supplier. The commercialization of the technology is being adopted at an unusually fast pace," said Staneclo CEO Ian Balchin.

Tony Ruane, Technical Manager of the Meal Solutions division of ASDA, observed, "With food safety being increasingly high on everybody's agenda, RF presents the answers to many problems being experienced with current packaging technology. ASDA and our selected suppliers have been very excited with the possibilities that RF has to offer. The supplier has recognized the capabilities and benefits of RF tray-lidding for ASDA, themselves and more importantly, the customer."

Stanelco is already moving ahead to market its GREENSEAL packaging technology to leading U.S. grocers and retailers, including Wal-Mart. Stanelco recently opened a North American office in Orlando, Fla., to undertake international sales and implementation efforts for marketing their unique packaging applications.

Stanelco PLC, headquartered in Southampton, England, was founded in 1953. Stanelco is engaged in the commercialization of new applications, innovations, products and processes based on radio frequency (RF) technologies. More information: http://www.Stanelco.co.uk.


Whoops, sorry, wrong thread!!!!!

wilbs

wilbs, I think you've got your threads crossed, perhaps you can edit them out?

Cheers, Madison

I agree tallsiii I think we are due a few pence back on the SP from Shares Mag.

cheers GF.

A continuation to the upside I hope tomorrow.

cheers GF.

Yes master Yoda.

Nice to start with a tick up. Let's hope we've turned the corner and head upwards into all the coming news.

Cheers, Madison

Tallsiii,

Have you got time to redo your projection (post 744?) for any new readers. The thread is getting quite long to comb through. I'm sure it would be a good day for it!

Cheers, Madison

For any newbies out there, here are some conservative sums:

Let's assume the conservative estimates of 13m lbs of uranium in the ground (there may be more, but we'll stick with that for now).

Also, assume a very conservative cost per lb extracted at $20 per lb. At the current price of $29 per lb, the value of what is in the ground is $9x13m = $117m.

Now lets say that because of the effects of discounting future cash flows and stuff, they are only able to sell the mines at half that estimated value. $68.5m = 37m.

The current market cap of Vane at the selling price is 23m, so if they sold the mines northern Arizona they'd have more than enough money to give all our money back and then we'd have Diabilito, Gaudalzar and Mina Chiray for free!!

And that is before you even factor in the escalating Uranium price, the possibility of finding more reserves and the fact that the cost of extraction is likely to be far less than $20 per lb!

I find these kinds of valuation models are very helpful at times when the market is being irrational.

Tallsiii

Thanks Talsiii - was just starting to get frustrated and about to sell at a loss. Your summary put a bit of perspective back - will hold a while more.

Baza

I wouldnt sell these Baza not with the news flow we have coming up, and itl be soon the management tell me, very soon.

Sound projections tallsiii, I like the model.

cheers GF

Cheers, it is just back of an envelope stuff, but I have an even better one on the EKA thread if you fancy a read.

this might be a silly question, but where did the conservative estimates of uranium in the ground, come from ??

It was in the news announcement earlier this month.

http://moneyam.uk-wire.com/cgi-bin/articles/200505030700087622L.html

belisce6,

If you like a different back of the envelope take on it here's mine, taken from a previous post.

There is plenty of cash in the bank. Enough to get well into 2006 on the current cashburn. Then there is cash coming soon from Diablito's gold. We expect news of a new cashflow from Mina Charay to be announced in the near future. The cash from selling the uranium sites could be excellent (projections outlined by tallsiii above). That's cash now, cash soon, cash medium-term and big cash date unknown.

The income from Diablito, based on the last estimate of $3m per year (for seven years) works out at around 135,000 per month. This figure is going to be refined fairly soon, though with the gold price now higher than when that original estimate was made, it may well be upwards. This alone covers the vast majority of Vane's 143,000 per month cash burn. Reading between the lines I think this is a respectably conservative estimate.

(If all other things were to remain the same - which, of course, they won't - then Vane could carry on for the entire seven year life of Diablito and still have 1m in the bank.)

Which leaves the cashflow from Mina Charay, the sale of Guadalcazar and the sale of these first uranium sites all sitting nicely for free on top. (The gold and copper targets in Paraguay are in the background at the moment, but will eventually emerge into the limelight. The Freeport database use has only fairly recently been extended till 2006: presumably for a reason.)

Now you would have to be seriously negative to think that all of those prospects will misfire in some way! Especially with Vane's great track record and management. Of course I wouldn't claim my projection is anymore than a back of the envelope calculation. Before long we shall have a lot more information on which to pontificate more accurately, and I guess there's a few in the City waiting for that information too. Cheers, Madison

Apologies to those who have read this before, but I'm guessing there might be a few new readers around.

It was worth reading again.

If nothing else, the market makers now seem to think that this stock is undervalued. They have ticked it up twice today on very little volume.

Maybe this means we have seen an end the junior miner sell off on AIM. Fingers crossed.

(tallsiii - 25 May'05 - 10:32 - 837 of 840 )

tallsii - not to sure if that relates to Vane itself......

the second paragraph relates to Vane properties; ".......a breccia pipe with a drill intercept containing 1.78% equivalent U3O8............several of the remaining 15 properties.......are believed to hold breccia pipes.........."

the fourth paragraph relates to the general breccia pipe uranium district of Northern Arizona (N.A), and goes on to say that there is an estimated 13 million pounds of eU3O8 resource in several breccia pipes in N.A. awaiting production at favorable prices............[Now - perhaps ???]

My own thoughts are that this does not belong to Vane.

Although the fifth paragraph then goes on about Vane's properties etcetc.....producing the effect that paragraph 4 relates to Vane properties - perhaps.

what do others think ??

here's the link again;
http://moneyam.uk-wire.com/cgi-bin/articles/200505030700087622L.html

don't get me wrong though - i bought into VML this morning, have been waiting to do it for the past month or so, and at these prices, was delighted......

uranium is here to stay, and the price is now; $US 29/lb
http://www.uxc.com/review/uxc_prices.html

The UK (Mr Blair) look like they might be going for more nuclear reactors, Mr Bush in the US seems to be doing the same; we know about the Chinese, and perhaps India.

There are not many uranium plays on AIM, and VML is the best of them.
Even without any of these other incidental positives, VML's strategy of being a self-sourcing (financially) explorer is fantastic - a different strategy to all of the existing thousands of explorers around the world.

Fair point Belice6, i just phoned Matthew Idens for confirmation. He stated that the 13 million lb estimate does refer to the NA, not just properties owned by Vane.

The only other yard stick we have to go on is the number of breccia pipes they have. One has been proven, several others are believed to exist and several more look like they might do. So we have anything between one and 7 or 8 of the things. From what they say in the RNS each is likely to contain around 5m lbs of uranium, so we may be looking at anything between 5m and 40m lbs.

This is very hit and miss based on the news we have to go on at the moment, but Mr Idens did say that there uranium exploration does not stop here.