Thursday August 28, 2008 |
Company Navigation
|
Company Research
|
|
| |
|
|
Investment Conclusion
The International Energy Agency is the intergovernmental body that analyzes global
energy demand. In the private sector, the World Energy Council performs similar
assessments. The projections by both organizations point inexorably to the same
conclusion: Our world cannot meet its expanding energy needs - cleanly - without
a sharp expansion of nuclear energy. (World Nuclear Association) Bancroft Uranium is building on a successful exploration drilling program conducted
on its Monmouth Uranium Project in the 1960’s. In 1968 previous owners
estimated reserves of 1,800,000 pounds of U3O8. The deposit was never exploited
due to low uranium prices. Today nuclear power generation is on the rise, sending
uranium demand and prices to new heights and making uranium production economically
advantageous. Bancroft Uranium is conducting a drilling program to confirm and
expand the historically identified uranium resource at Monmouth, which at today’s
prices could be worth approximately $117,000,000 or more, if uranium prices
continue to move higher with increasing demand.
With Bancroft Uranium, investors can participate in the growing market for
uranium with a proven team of resource industry experts focused on profitable
development of a portfolio of high potential uranium projects.
|
