Mega Plans Down Under

GEORDIE MARK, Haywood Securities (07/20/2010)
"Mega has the Lake Maitland project in Western Australia. . .where a significant proportion of [its] assets are located. The company has good partners in a Japanese consortium, which owns about 35% of the asset at Lake Maitland. Mega provides people with exposure to a near-term uranium producer that has a significant support base in terms of these partners. I think that's one of the more favorable new projects in Australia. We anticipate production maybe in 2013. It would be a lower-cost producer, probably in the high $20s in terms of USD per pound of production. [Lake Maitland would produce] about 1.65 million pounds. . .Their second main asset in Australia is Ben Lomond, up in far northern Queensland. . .it's got potential. They've got a bunch of other exploration plays around the world, particularly in Canada." View Entire Article: Geordie Mark: Glowing Reviews for Uranium Plays

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