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When did they start selling uranium to China? What are the growth prospects of this company?

2006-10-16 06:13:22 · 1 answers · asked by Keith G 1 in Business & Finance Investing

1 answers

About a year ago, Australia agreed that its companies could sell uranium to China. That suggests any Australian company can sell to China, but I believe BHP is first to do so.

BHP not only mines uranium, but just about everything else you can pull out of the ground, including oil and natural gas. Although they are large, their prospects going forward are excellent.

Another, much smaller, Australian company, PNN, recently inked a joint venture with China.

If you want a purer uranium play, there are hundreds of newer companies, most of which have never found a bit of uranium yet. Look for companies that are either already mining, or have at least identified reserves.

Best of success.

2006-10-16 10:19:03 · answer #1 · answered by Thinker 5 · 0 0

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