Interview with Paul AtherleyManaging Director of Berkeley Energia (911733, ASX:BKY, London: BKY) Hannes Huster: Dear Paul, thank you very much for the opportunity to interview you today as I know you are very busy moving the company forward. Before we start to talk about the BERKELEY ENERGIA please give my readers an overview about the work you did before you joined BERKELEY.
Hugo Schumann presents at SHARES Investor Evening, Manchester
Commercial Manager Hugo Schumann giving an update on the Salamanca Project at a Shares Magazine investor event in Manchester
The Nuclear Review: interview with Paul Atherley
Berkeley has been operating in Spain for nearly a decade, formerly under a consortium with State uranium company ENUSA, which ended in 2012, and resulted in Berkeley taking on 100 percent interest in a number of high-quality uranium deposits, collectively known as the Salamanca Project. The project was completely transformed just over one year ago when our geologists discovered the Zona 7 deposit, which contains more than 30 million pounds of high-grade uranium and sits just four meters below the surface. This discovery transformed the economics of the project.
Berkeley set to launch Salamanca
The deregulated states of the Northeast have seen several nuclear plants fall against cheaper competition, particularly from gas power, in the last few years. The New York CES seeks to buck that trend, with a requirement that its utilities source 15.7% of their forecasted load from existing upstate nuclear facilities by 2020. The plan, which also ramps up renewable energy capacity to 30% of the forecasted load by 2020, recognizes nuclear power as a zero-emissions generation source eligible for Zero Emission Credits (ZECs) that can betraded like renewable energy credits.
Berkeley Energia sees further potential in Salamanca project
Commercial Manager, Hugo Schumann, discussing the results of Berkeley Energia’s deep drilling programme
Berkeley’s nuclear re-rating
Analysts believe Berkeley Energia (BKY:AIM)is worth four times as much as its current market value, assuming that it can successfully raise money to build a uranium mine in Spain. The project economics are very good for the Salamanca project; Berkeley is one of the few miners that could theoretically make a profit at current depressed commodity prices. Is this a no-brainer stock to own or should you treat the story with the same caution applied to most other mining stocks in the current environment?
Business Big Shot
His work as a mining engineer has exposed him to 50-degree heat in Australia and minus 50 degree temperatures in China (Marcus Leroux writes). Paul Atherley likes to joke that with his last endeavor he has at last found a happy medium. The uranium miners Salamanca project has more going o it than a balmy climate and proximity to some of pains best wine. Mr Atherley reckons it can produce the worlds cheapest uranium and enough to power Britain’s energy needs or more than five years.
Paul Atherley in China for Salamanca offtake talks
Paul Atherley talking about the update to the Mineral Resource Estimate for the Retortillo deposit, leading to a 15% increase in grade.
Paul Atherley presents at the Mining Capital Conference
Paul Atherley talking about the Salmanca story at Proactive Investor’s Mining Capital conference
Salamanca could become world’s lowest cost Uranium mine
Paul Atherley at Mines and Money talking about Salamanca project, highlighting the expertise of the Spanish management and the phenomenal existing infrastructure in the area
