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MUR - Murchison United

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Jus

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14 November 2006
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Anyone bought into MUR recently?? Sp rebounded 9% today (from 0.083) with strong interests, big parcels gone through and volume larger then any other days. Might be an ann. coming up soon?? see what monday brings... can't wait

Some infos:
MUR has exploration licences in Mauritania and the republic of Guinea. Initial samples proved grades up to 9500 U308 (Mauritania). Heaps of drilling planned for 2007. Weekly sp is going north. DYOR. Don't miss the train!
 
MUR has 6 permits in Guinea and 5 permits in Maritania (3 more on pending). 2007 activities have already started in Bohoduo(Guinea), Bir En Nar(Mauritania) and Firawa(Guinea)--awaiting sampling results.

I rate MUR as the underdogs (with heaps of potential). Upside is massive as they have already got good grades of U308. Worth a watch.
 
Jus,

Looks interesting. Can you give us some references to the drilling results you quote. I've looked at their past anns and I do see a claim of 9500 ppm U3O8, but they do not seem to give any reference to this. How did they get this figure, buy who, and when, and what type of survey was it?

Sounds incredible if it is true. I have NEVER seen a result over about 2500 ppm. Ecomomical is over average 250 ppm depending on size......

Cheers,
Kennas
 
Indeed sounds incredible. I don't have any insider infos. All my infos came from their web and asx web. I first bought into MUR (in Nov/Dec 06) after knowing my ex-boss knows MUR directors and he bought a large parcel well over 100K's. Over these couple of months, moments of sp has been impressive. It's a pure speculation.
 
MUR has taken off, now 13c (from 9c earlier this week). All the charts look very nice afaict; SP, Vol, SPI, MACD and yes, Neilson's SMA. Have bought in already, but would like to hear some fundy analysis for long term prospects...anyone?

Uranium (Mauritania, Guinea) and Copper (Aus)
 

Outstanding.
Hasnt closed above 12.5c for more than 4 years.
 
Sounds incredible if it is true. I have NEVER seen a result over about 2500 ppm. Ecomomical is over average 250 ppm depending on size......
Click to expand...
You've obviously never looked at Cigar Lake then. The quoted average grade is 20.7% (207,000ppm)
 
exgeo said:
You've obviously never looked at Cigar Lake then. The quoted average grade is 20.7% (207,000ppm)
Click to expand...

Agree.
In Canada, grades of over 10% are pretty standard.
But i heard extraction costs are pretty high there due to the type of mineralisation.
 
nizar said:
Agree.
In Canada, grades of over 10% are pretty standard.
But i heard extraction costs are pretty high there due to the type of mineralisation.
Click to expand...

Impressive growth last few days. MUR Some good news must be spreading on this one over last few days. Break out ..
Anyone jumping on?
 
UraniumLover said:
Impressive growth last few days. MUR Some good news must be spreading on this one over last few days. Break out ..
Anyone jumping on?
Click to expand...
I'll let you know Monday.
 
UraniumLover said:
Impressive growth last few days. MUR Some good news must be spreading on this one over last few days. Break out ..
Anyone jumping on?
Click to expand...

Its in my buy list for Monday but it may leap ahead of my order to quickly where do you think it will start?
 
ric371 said:
Its in my buy list for Monday but it may leap ahead of my order to quickly where do you think it will start?
Click to expand...

Looking at market depth a buyers market by far .14 +. Who knows where this will end up by the end of tomorrow. Lets enjoy the ride.
Buyers have flocked in last 5 hours I noticed (Commsec).
 
UraniumLover said:
Looking at market depth a buyers market by far .14 +. Who knows where this will end up by the end of tomorrow. Lets enjoy the ride.
Buyers have flocked in last 5 hours I noticed (Commsec).
Click to expand...

you picked it in one
opened at 14 now at 15.5 after hitting 17
 
ric371 said:
you picked it in one
opened at 14 now at 15.5 after hitting 17
Click to expand...
Sure did i pin pointed .14 exactly with my quick calculation of market depth just before opening. I'm out for the day back in for more action tomorrow maybe - don't trust mr ords
 
Read tonights speeding ticket reply, it seems the mD and the TD did a good talk up job in Toronto last week and figures that the buying is coming from North America.
 

MUR seems to have lots of high grades, in calcrete (depositional)running into several thousand ppm and also in granite which looks like very high grade source material and other rocks such as episyenite (from which the 9,500 ppm sample was recently retrieved). My geological knowledge is rather limited BUT this sounds like they have come across the source "vein material" in the episynite and distribute in the granite. MUR might be onto something very high grade here, even the calcrete samples are very very high grade. I have not had a chance to look at the size of the anomalies yet BUT IMHO this thing could fly....
 
sydneysider said:
BUT IMHO this thing could fly....
Click to expand...

Tend to agree just by looking at the price action.
I expect this to ease to find support at 10/10.5 over the next couple of days,then away we go again.

Look at APG, WMT, BLR, iv seen this time and time again.

In my opinion.
 
nizar said:
Tend to agree just by looking at the price action.
I expect this to ease to find support at 10/10.5 over the next couple of days,then away we go again.

Look at APG, WMT, BLR, iv seen this time and time again.

In my opinion.
Click to expand...

I have just reviewed the MUR presentation. The episyenite "source rock" is located within a 200 x 200 km block which also contains at least 8 calcrete deposits. All of these nine targets are within MUR's leases. The various deposits stretch out over several hundred kilometers. One may presume that the episyenite may be the U source for at least some of the calcrete deposits. This could be very huge and serious. I got on board earlier to-day.
 
Buyers are now bidding 13 with sellers ar 13.5, a break above 13.5 sees a challenge on the recent hi of 17.
 
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