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LAM.t / Laramide Resources - Uranium Mine development

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LAM.t / Laramide Resources Ltd. (TSX) ... All data : 5 years : 2yrs-D : 1yr

 

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5.year

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1.year - 1 year.weekly : 6mos.daily

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Charts suggest: If it pops thru $1.50, it may run and run

 

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Hardly any volume on the rise, history set to repeat a 3rd time, and looks like a short? Low risk as the stop would be just above that resistance line. The RSI (not on that chart) is in positive territory so shorting is without significant risk.

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Let's see if the volume comes in next week.

 

There was good news for LAM:

 

Laramide Enters into Toll Milling Agreement with Energy Fuels

 

TORONTO, Jan. 18, 2013 /CNW/ - Laramide Resources Ltd. ("Laramide") (TSX: LAM) and Energy Fuels Inc. ("Energy Fuels") (TSX: EFR) are pleased to announce that they have entered into a toll milling agreement, whereby Energy Fuels' White Mesa Mill will process all material produced from Laramide's 100% owned and operated La Sal II Uranium Mine Project in Utah.

 

The agreement has a two-year term with an optional three-year extension and commences in January 2013.

 

Under the terms of the agreement, Laramide will transport material produced at La Sal II to Energy Fuels' nearby White Mesa Mill for processing of up to 20,000 tons during the test phase. Laramide will pay to Energy Fuels the costs to mill its ore, a capital charge plus a toll milling fee per ton of ore, which will be partly linked to the long-term uranium price. Laramide's agreement with Energy Fuels accommodates additional ore production once La Sal II is permitted for full production.

 

"This agreement is a win-win situation for both Laramide and Energy Fuels, and we are pleased we entered into this transaction with them," said Marc Henderson, President and Chief Executive Officer, Laramide. "The considerable progress made at La Sal II over the past few years meets our stated objective of near-term production visibility from our U.S. asset base. We look forward to delivering on our next development and operational targets and for continuing recovery in the uranium markets," Mr. Henderson stated.

 

"Energy Fuels is happy to help bring the La Sal II mine into production," said Stephen P. Antony, President and CEO of Energy Fuels, "Laramide's production activities are positive for Energy Fuels' White Mesa Mill, and toll milling will continue to be a low-risk source of revenue for the company.

===

/more: http://laramide.medi...429&item=122589

 

Not many shareholders were focused on the US & Utah projects of Laramide. This news may change perceptions.

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PNP.t / Pinetree Capital ... update : 2-yrs : 6-mos / LAM-6mos / 10-days

 

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> thread: http://www.greenenergyinvestors.com/index.php?showtopic=2548&page=2

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