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Hi Crookers

 

It is hard to believe we have hit the exercise price of the options at 15c and they are still trading at 0.9c. Propective investors will have to raise their orders. http://www.sharescene.com/html/emoticons/smile.gif

 

Best day since January 2006 today on volume. We should crack mid 20s at the very least soon. The resistance (if any) will be interesting.

 

We'll see what happens tomorrow as their appears to be little selling pressure in London tonight with a high of 24p:

 

Info I posted today on HC include:

 

"No doubt, Weatherly has been recently able to acquire a significant presence in the copper and smelting business. Based on the resource of 690,054 of contained copper, and the $30 mill consideration, the cost per tonne of copper will be $43/tonne inclusive of the smelter assets.

 

Compare this to $338 for Angoplasta and $351 for First Quantum - both very large copper plays.

 

The $30 mill cost is EBITDA X 2. LOL. Plus, CPR Ongopolo has an attributable NPV of 84 mill pounds or 27p per share.

 

Ore production is supposed to gather momentum in the coming months.

 

No wonder the WTI price is soaring.

 

The valuation of EZE is one of those one offs and I hope some are listening."

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Just hit 17c and up 40% in a few days on high volume for EZE. The market is becoming more aware as news filtrates regarding WTI. Resistance is at 16.5 but is being consistently tested to shake out the uninformed. http://www.sharescene.com/html/emoticons/lmaosmiley.gif
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Up 50% in a couple of days after closing on a high at 18c. http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

Anyone notice the 5c sell on the options have disappeared. Now you will have to pay 7c.

 

Currently 0.9c

 

Going to fly.

post-16-1154587999.jpg

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QUOTE (macrae @ Thursday 03/08/06 04:41pm)

Well done on EZE, Macrae,

 

you deserve to do well out of that stock. You researched it well and let everyone know about it, right from the start.

 

(I was watching it and knew I should have bought it!)

 

Cheers Anne

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QUOTE (anne @ Thursday 03/08/06 06:06pm)

Thanks Anne - I really appreciate the feedback. It has somewhat been a quest of mine. http://www.sharescene.com/html/emoticons/laughingsmiley.gif

 

I made a bit of a fool of myself prattling on but I hold another 19 stocks so it helped me pass the time. http://www.sharescene.com/html/emoticons/wub.gif

 

Nothing goes up vertically so there may be room somehere for you.

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WTI now owns Ongopolo which has a 10% stake in Valencia via Forsys. http://www.sharescene.com/html/emoticons/cool.gif

 

New Era (Windhoek)

 

August 3, 2006

Posted to the web August 3, 2006

 

Wezi Tjaronda

Windhoek

 

Just four months after Uramin Namibia announced it had renewed its license to mine the Trekkopje uranium deposit in Arandis, another company has done pre-feasibility studies to mine another deposit close to Langer Heinrich.

 

The Valencia Uranium project has been having talks with the country's water utility Namwater for the provision of water for its activities.

 

The Valencia project is located 35 km along the geological strike to the RÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¶ssing Uranium Mine and 40 km from Paladin's Langer Hienrich uranium deposit.

 

Its recently completed National Instrument 43-101 by Snowden concluded that the project represents an advanced stage uranium project that has potential for development as an economically viable mining operation.

 

Namwater's Manager: Corporate Communications, Johannes Shigwedha confirmed the utility had been having talks with Valencia and Trekkopje for the provision of water to these mines once they start operations.

 

Shigwedha said provision of the water would mean putting up pipelines, which is a costly venture. He could however not say when the water would be needed as the mines are still at feasibility stages.

 

Efforts to get comment from the Ministry of Mines and Energy proved futile yesterday as the Permanent Secretary Joseph Iita was locked up in meetings for a great part of yesterday.

 

The project is said to be one that has potential for commercial production.

 

Historically, work on the project was conducted by Goldfields Namibia between 1973 and 1977 which included borehole drilling, chemical analysis, radiometric sorting tests on bulk ore samples in 1979 followed by two preliminary feasibility studies in 1981 and 1989.

 

But due to low uranium prices at the time, Goldfields concluded the project was uneconomical.

 

Forsys recently completed a transaction to acquire 90 percent interest in the deposit, while the remaining 10 percent is owned by Ongopolo Mining & Processing.

 

The project has completed a National Instrument 43-101 compliant technical report verifying the historical work of Goldfields Namibia between 1973 and 1986, which outlines a historical resource of greater than 20 million pounds of uranium oxide.

 

According to information posted on the Internet, a Valencia official said the deposit could be moved rather quickly into a production scenario.

 

If this project reaches production stage, Namibia's position of being a leading producer of uranium will be further strengthened.

 

Already, when Langer Heinrich starts production in September and Trekkopje comes into force, Namibia's position as not only one of the world's but also Africa's largest producer of uranium would shift upwards.

 

It would become Africa's largest uranium producer and also shift upwards from its ranking as the seventh largest uranium producer in the world, a Ministry of Mines and Ener-gy official said recently.

 

At the moment, Namibia comes second to Niger, which produces nine percent of the world's uranium, followed by South Africa, whose production is two percent.

 

Namibia has eight uranium deposits mainly in the Namib Desert along the coastal areas of the Erongo region, namely Trekkopje, Klein Trekkopje, Engo Valley, Valencia, Klein Spitzkoppe, RÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¶ssing and Langer Heinrich

 

The ministry has received many applications for prospecting as well as mining, while many were also doing prospecting and some of the companies conducting uranium prospecting or exploration include: Extract Resources, Forsys Metal Corporation, Westport Resources Namibia (Pty) Ltd, Galahad Gold, Paladdin Resources, RÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¶ssing Uranium Ltd, Uramin Inc, Namura Resources (Proprietary) Ltd, Xemplar Energy Corporation, Australian United Gold Ltd and Bannerman Resources Ltd.

 

However, where water costs are high, uranium mining can become costly and uneconomic, meaning that the mine would require a pipeline.

 

Relevant Links

 

Southern Africa

Namibia

Mining

 

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Update: new high of 25.25p on the AIM tonight. http://www.sharescene.com/html/emoticons/smile.gif

 

EZE options (EZEO) up 400% today at one stage with the 18.5c close being an all time 52 week high.

 

On that price, EZE's stake in WTI is worth AUS$11,481,106.

 

The current undiluted market cap of EZE at 18.5c is $11,644,403 making Ezestream worth $160,000. http://www.sharescene.com/html/emoticons/lmaosmiley.gif

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