In a recent interview the South Australian premier Mike Rann replied to a question aiming to confirm uranium mining in that state...."Absolutely!" He was referring to Olympic Dam but it augurs well for near term producer Alliance Resources (ASX: AGS)
Mr Rann was quoted as saying a visit to China in October had buoyed his confidence in its potential as a uranium export market.He is reported as saying that every meeting he went to was about uranium.
Mike Rann knows that South Australia has the capacity to be a major exporter of uranium and has long been outspoken on the need for his state to develop its uranium resources. Of course he was a major influence in changing the uranium policy of the Australian Labour Party prior to the last election.
AGS continues to be in the front row!!!