SNU
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0.00% 9.3¢ southern uranium limited

entitlement offer, page-7

  1. richrichie
    3,390 Posts.
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    10/09/09
    10:25
    Post #: 5623487
    Apparently some good news announcement today.

    SNU & ADN are JV partners in Yalanda Hill of Eyre Peninusula (40% SNU & 60% ADN, with SNU farm-in to 60%).

    Initial sampling shows assay with 0.23% uranium. The uranium in this tenaments is highly potential as east of Yalanda Hill is Uranium SA's (ASX: USA)'s Blackbush prospect which has a JORC resource of 12t of high grade uranium.

    Very encouraging JV agreement for SNU.

    I rate this as a buy and take up rights.
    SNU Price at posting: 9.7¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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