Dear Shareholders and Colleagues,
I am sure you are aware of our significant shareholding in Paraguayan uranium explorer Cue Resources Inc., the price of which has been strong recently. The link to their website is
http://www.cue-resources.com/s/Stock_Info.asp
Backing Cue and its management have been an important plank of our uranium strategy, which we also pursue through our controlling stake in Resource Star Ltd (ASX: RSL).
John Icke of Cue is in town for Mines and Money, while his team continue drilling at Yuty. He is coming in to our office and will be hosting an investor phone-in at 9 a.m. tomorrow, Wednesday December 1st. So if you are immobilised at home by snow, all is not lost: you can occupy yourself productively by picking up your phone and joining in!
Cue is at a most interesting stage, as is the whole uranium market, and we are optimistic of the prospects of them expanding their NI 43-101 declared Resource at Yuty as they continue to roll out their exploration programme. This project has always attracted major company involvement, and if the Resource can be increased further, it will be at the size where it could be expected to attract a lot of attention.
We enclose a copy of the latest presentation, which you will find it helpful to have to hand if you call in.
Please dial into the conference on one of the numbers below. Enter the PIN Code 213129# when prompted:
Dial In Numbers
Freephone No: 844 822 2304
International No: +44 (0) 20 8322 2500
Meeting Zone No: 0808 109 5644
The following call controls are available from your phone keypad:
Yours,
Andrew Bell
Follow the Cue link above then click on Presentations to view