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.

Have a look at the 14 day Rsi, it's currently under 20 which is almost
as low as it ever gets.
There's always a strong bounce from a Rsi of 20 and below and Evo's
protected seller has allowed the price and Rsi drop to a very low level
It might not be the bottom but it cannot be far away with Diablito revenues
providing funding for the company's other activities so no fund raising is
needed.

aimtrader,

Do you like the look of Vane as an investment or a short-term trading opportunity?

Cheers, Madison

Overhang got cleared today, no protected sell today because the
sellers trade was the 500k at 0.25p.

Next trick is for all the mm's to virtually operate the same spread and
try and kill it, given it's current trading range it would be hard for a trader
to get into profit buying at 14.5p although you can buy for 13.8p online
at the close, long term it's still a good price and there must be some news
on the horizon with Vml's many varied mining interests.

article from iii


Putting a price on reserves
14.02.06
Peter Temple

After last months mining special, a subscriber commented that we had not looked at how to value pure mining exploration plays. So this follow-up article tries to address this issue.

Politics, metal prices, and the degree to which a project has known reserves all play a part in how a mining exploration play is valued. The first thing to appreciate is that exploration companies range from those that suspect some of their claims have minerals under the ground, to those who have actively tried to quantify what might be there.

There are semantic conventions that cover how these are described. Reserves signifies ore of a certain grade known to be in place and where extraction is likely to be viable. Mineral resources, one notch down, suggests a concentration of material of intrinsic economic interest. The resources category further subdivides into those that are measured, inferred or indicated, the difference between these being related to how much test drilling has been done to delineate the property in question.

Applying weighting to reserves and assets

What is plain is that most exploration companies will have a mixture of these different types of reserves and resources or nothing at all. Given that the more nebulous the measurement the lower the value it should have, valuing a stock becomes a method of applying an appropriate weighting to each portion of the reserves, adding up the total and seeing how it compares with the share price.

With a company that simply has a claim on a property and has done a bit of geological surveying and drilling, the simplest valuation is to add up the cost of buying the property and the amount spent on exploration, usually capitalised and hidden away in the farther reaches of the balance sheet. Often the share price will be way above this, so as a valuation method it does not help much. Nor is it much comfort to value a company simply on how much it has spent.

Calculating real values

For those whose exploration is a bit further advanced, drilling reports may give some clues as to the extent of the volume of ore, the weight of which can be calculated roughly by applying a value of 2.5 tonnes per cubic metre. Multiplying this by the grade percentage of metal in the ore can give us a presumed weight of the underlying metal, and therefore its value.

It is not usually as cut and dried as this. And of course this valuation says nothing about the complicated business of getting permission to extract, the associated mining costs, transport costs, political risks and the like. Julian Baring, the well known City gold bug, used to value mining stocks by taking, as a rough guide, 10% of the value as calculated in the previous paragraph as being the correct value for the company in question.

Gold mining rule of thumb

Curiously enough, this rough and ready guide seems to hold good today. Figures calculated by the Mining Business Digest in 2000, based on data for corporate acquisitions in the gold sector, reckoned that those at the earliest stages of exploration, with some inferred resources, would be valued at most at around 3.5% of the underlying metal value in the ground. An average for those with more tangible metal assets to develop would fetch around 11% of underlying value while those in the early stages of production could see a value of anything from 15% to 25% of the value of the underlying ounces of metal in the ground. It is not a hard and fast rule, however, and those mining base metals are valued at correspondingly lower rates.

There is some more data confirming this gold mining rule of thumb. According to figures compiled by Galahad Gold and sourced from broker reports and the publication Gold Stock Analyst, the average value placed on ounces in the ground in 2005 was $120 for second tier companies about to start production, $50 an ounce for those with resources that had been measured and/or indicated, and $32 an ounce for those with simply inferred resources. This compares with an average gold price for 2005 of $444, making the respective percentages 27%, 11.2%, and 7.2% not too far from those quoted earlier.

Expert opinions

As an aside, Galahad Gold (which numbers Jim Slater and his son Mark among its directors and shareholders) calculates that its own resources of gold and precious metals, mainly inferred, are currently valued at around an aggregate of $12 an ounce, versus the benchmark of at least $32.

Wondering who to believe? Paul van Eeden, a well-known gold investor who writes a weekly commentary on gold mining, suggests that to play properly in the mining market you need access to a qualified geologist who can evaluate drilling reports and give you that extra edge. Sadly, not all of us have this expertise on tap.

Is that 350k a buy or a sell?

Cheers, Madison

I would like to know what your opinions are on UMC Energy as the thread is onl inhabited by me.

What do you think about its uranium porspects in Canada?

jimbob, I know very little about UMC. Only given them a cursory glance and thought their uranium prospects appear to be at a very early stage compared to Vane (but I could be wrong). Don't know anything either about their intentions to buy a project in Khazakhstan, and the finances of this.

And Vane has many other more widely distributed attributes, ie. gold, silver, copper and a cashflow.

But all the analysis, common sense, logic and respected commentary which has led me to stick with Vane has so far had no positive effect on the SP.

A lot depends on whether VML get some longer-term or larger investors.

Good luck with both/either.

Cheers, Madison

350k was a buy and let a seller clear 250k earlier.

.....

At close today, the bid was 12p and offer price 12.5p. If you buy "at market" you are likely to pay close to the offer price. Alternatively you can specify the price you are willing to pay, and the period you are willing to hold your bid for.

Cheers

Hi GF

I have noticed that for some weeks the trades for VML have been mainly buys, in varying small quantities. Results are also due on the 8 April. What do you feel we can expect?

Regards
PB

Vane Minerals PLC
09 March 2006

VANE Minerals Plc (AIM: VML)


Additional Uranium Projects
Termination of Choix copper agreement


VANE Minerals Plc ('VANE' or 'the Company') today announces an agreement
regarding additional uranium projects in the Colorado Plateau Uranium District
of the United States, and also provides an update on the Choix copper prospect
in Mexico.


Happy Jack Mine


VANE Minerals (US) LLC ('VANE (US))' has entered into an agreement with private
company Happy Jack Minerals covering the Happy Jack Mine and surrounding claims
located in San Juan County of south-eastern Utah in the Colorado Plateau Uranium
District. The property consists of seven patented lode claims, seven unpatented
claims, and 29 unpatented lode claims staked by VANE during the due diligence
period, all of which are now included in the agreement.


Under the terms of the agreement VANE (US), has agreed to:


submit an exploration plan within 6 months of the date of the
agreement;

commence exploration within 6 months of the plan being approved by
the local authorities and commit a minimum of $75,000 within 12 months of
starting exploration. Expenditures in excess of the minimum shall be applied to
future years' work commitments; and

commit a further $125,000 to surface and underground exploration
annually from the end of the initial work commitment to mine feasibility
commencing. Expenditures in excess of the minimum shall be applied to future
years' work commitments.



The Happy Jack Mine agreement is for an initial period of five years, extendable
for a further five years on reaching production. If production does not begin,
a sum of $100,000 shall be payable for the further 5 year term. The owner shall
grant VANE automatic five year extensions thereafter if production is occurring.




The agreement provides for the following payments by VANE (US) to the owners of
the Happy Jack Mine and surrounding claims:



An initial payment of $10,000 on signing the agreement;

A further payment of $10,000 at the end of the initial work
commitment in the event VANE (US) elects to continue with the agreement;

A payment of $20,000 on completion of the second work commitment;

A payment of $30,000 on completion of the third work commitment,
unless the decision to commence commercial production has been made; and

payment of an advance royalty of $100,000 to the owner, at the
announcement of the decision to commence commercial production.



When production is reached, VANE (US) will pay a production royalty of 5% on
minerals mined from within the original areas held by the owner, and a
production royalty of 2.5% on minerals mined from the additional areas claimed.



The Happy Jack Mine, operated principally by Atlas Minerals, produced 3.1
million pounds of U3O8 between 1949 and 1982 when, along with most of the mines
on the Colorado Plateau, it closed due to low uranium prices. VANE (US)
geologists have delineated a resource of approximately 155,000 pounds U3O8
contained in several pods, some of which are accessible via existing mine
workings and which could therefore be put into production with minimal
development work.



A review of previous drilling results has revealed nine additional exploration
targets in which previous drilling intersected ore-grade mineralisation but was
never explored with additional drilling or sampling. VANE (US) geologists
estimate a potential resource on the property of 1,000,000 pounds U3O8.



Additional breccia pipe deposits



The only mines to continue uranium production in the Colorado Plateau past the
mid-1980s were the high-grade breccia pipe deposits of northern Arizona where
VANE (US) has recently located four new US Lode Mining Claims, thereby adding
two additional breccia pipe targets to its existing portfolio of 17 breccia pipe
targets. During the past year, VANE has been sampling known ore-bearing pipes
at ground surface to develop proprietary geochemical techniques to differentiate
barren from uraniferous structures. Using these techniques VANE (US) recently
completed geochemical sampling over three of its northern Arizona breccia pipe
targets, all of which were found to have indications of uranium mineralisation.
Deep drill tests on at least two of the breccia pipe targets are planned for
later in 2006. Historically, economic mineralised breccia pipes have contained
between 1 million and 6 million lbs U3O8.



Choix Copper Project



Assay results from the six holes completed in December 2005 at the Choix copper
prospect in the State of Sinaloa, Mexico, have been received. These results are
disappointing and indicate that the strongly mineralised porphyry outcrops at
surface lack 'roots' and are actually isolated xenoliths or blocks 'floating'
upon the underlying batholithic rocks.



The highest values found in the drill hole samples, 0.14% copper, illustrates
the abrupt decline in copper values from the surface, 1.50% copper, to depth and
consequently VANE has now discharged all obligations regarding the Choix
property. VANE has no further financial obligations in this respect. The
prospect represented a very attractive, easily accessible, undrilled copper
target which was inexpensively acquired and quickly tested with the overall
expenditure on the project less than $100,000.



Outlook



As the Company moves forward, its conviction in the continuing strategy of
testing a large number of attractive targets quickly and inexpensively remains
unshaken. The Company is confident that tests of a number of similar future
prospects will provide a high probability of success.



Chairman Michael Spriggs commented: 'VANE is pleased to announce the acquisition
of additional uranium projects, building on its already strong portfolio. The
Company intends to explore the breccia pipe targets by drilling in order to
realise the potential resource. Although the results of the Choix copper
project have disappointed, they have shown that the Company is capable of
effectively turning these projects over cheaply and efficiently. The Company's
ability to utilise its Freeport database and the contacts of the principals to
create substantial deal flow, together with the cash flow from the Diablito gold
/silver project in Mexico, enable VANE to evaluate a large number of prospective
projects, and we will continue to do so.'

More good news. About time it was shown in the price though.

cheers GF.

Does anybody know what Uranium actually sells for?

http://www.uxc.com/review/uxc_prices.html

U3O8: $39.50 a lb!!

Thanks Sid!

GF do you have any Platinum shares you would recommend?Thanx in anticipation MP

Well yes Jubilee, but DYOR.

cheers GF.

The company said it had entered into an agreement with private company Happy Jack Minerals covering the Happy Jack Mine and surrounding claims located in San Juan County of south-eastern Utah, in the Colorado Plateau Uranium District. The property consists of seven patented lode claims, seven unpatented claims, and 29 unpatented lode claims staked by Vane during the due diligence period. A review of previous drilling results revealed 9 additional exploration targets in which previous drilling intersected ore-grade mineralisation but was never explored with additional drilling or sampling. Geologists acting on behalf of Vane have estimated a potential resource on the property of 1,000,000 pounds U3O8, the chemical symbol for Uranium cake.

Ticked up.

cheers GF.