yoga98603

Until a few years ago Bulgaria was not a country high on a persons choice of places to visit for their yearly vacation but recently it has become a holiday makers paradise with people coming in there thousands from countries like the United Kingdom, Germany and Belgium.

Why has Bulgarian tourism moved from not even being on peoples possible destination list to being at the very top of peoples choices?

Over the past five years Bulgaria has seen its economy grow from strength to strength, and this includes the tourism sector with many hotels complexes and tourist destinations having money poured in to them to make them luxurious places where people would love to stay and visit.

Having these wonderful places to stay coupled with the amazing seasonal weather Bulgaria enjoys like the hot, long summer days of July and Autumn where the beach is the place to be to the cold snowy winter months of January and February where the snow capped mountains are a sight to behold means Bulgaria has something to offer everyone who has an ideal holiday in mind.

The final reason many choose Bulgaria over other destinations is the cost. Bulgarian tourism is commercial yes, but not to the extent of its European neighbours so it does not cost anywhere near so much to stay in the wonderful hotels that can be found throughout the country. The standard of living in Bulgaria is also cheaper so you can go out for a meal and a few drinks for a lot less money than it would cost in other European countries like Greece, Italy or Spain.

Bulgarian tourism has grown in leaps and bounds to become one of the fastest growing in Europe, Bulgaria has also become one of the most interesting destinations of the new millennium with many people visiting time and again to view all the wonders of the Bulgarian lands.

http://infobulgariaguide.com is a great guide to everything you need to know about Bulgarian Hotels including Plovdiv Hotels and many more.

We talked about the Sweetwater Mill, which he informed us would use a solvent extraction circuit, not an ion exchange for stripping resins as would be found with an In Situ Recovery (ISR) operation. Does that rule out ISR? No, not at all, he told us. Froneman referred to the ISR method in a way weve not heard it previously described, ISR is an elegant way of extracting uranium. Thats a step up from being called a water treatment plant, as some refer to ISR. But, he feels ISR is limited from a growth point of view. In terms of the growth that we can expect, due to the increase in the uranium price, underground and open pit mining has to feature a lot more now, he pointed out. That is exactly where we have our core competency.

Perhaps SXRs focus on the companys core competency is what led to this past Januarys speculation that the companys Honeymoon in-situ leach operation in Australia would be sold to interested Chinese parties. Froneman responded quickly with a news release, announcing, The talks were not conclusive, and as far as Uranium One is concerned, Honeymoon is a core asset of our global company and is not up for sale. He told us, We do have an ISL mine in Australia. Its not that we dont have ISL skills, but its not something that I would promote strongly as one of our core competencies.

At heart, he is a hard rock miner, through and through. Froneman doesnt dislike ISR, We could get more upside in open pit and underground mining, but we remain well aware of the benefits of in situ leaching. As Patrick Drummond, plant superintendent for Camecos Smith Ranch told us, in situ uranium recovery is just not mining as he knows it from his coal mining days in Scotland. Froneman and Drummond are of like minds in that respect.

Turnarounds & Challenging Mines

What then would be included among the companys core competencies? Froneman comes to SXR with bachelors degrees in mechanical engineering and accounting, arriving in his current position by way of executive positions at Harmony, JCI and Goldfields. He is known for taking on difficult projects, such as the Kloof underground gold mine about 60 kilometers outside Johannesburg. Assigned to turnaround the underperforming Goldfields asset, Froneman delivered a 40-percent increase in productivity and cutting unit costs by 13 percent. Along with increases in the gold price during that time frame, profits doubled.

Kloof wasnt the first time Froneman faced a challenge and executed. He had delivered similar results for Harmony Gold, after the company acquired the Grootvlei and Modderfontein gold mines in 1997. As executive director for operations, Froneman slashed costs on the East Rand operations by more than 30 percent and doubled productivity. Revamping the high cost operations into one which was more efficient led to Harmonys acquisition of low-producing Evander. Again, Froneman faced the challenge of transforming yet another high-cost operation into a profitable one. Within two years, he made the mine profitable by slicing expenses, increasing efficiency and getting more gold out of the ground.

Froneman seems to also have a knack for timing. He quickly jumped in and out of JCI, in early 2002, when he disagreed with certain governance issues. His decision led him to Aflease by April 2003. Just as the uranium sector was beginning to heat up, he engineered a reverse takeover of Southern Cross Resources, combining Aflease Gold and Uranium Resources Limited, into SXR Uranium One. Systematically since then, he has begun building a multi-national conglomerate with operations to mine in Australia, South Africa and the United States. The companys share price has more than doubled since January, and held up strongly in the midst of the temporary price correction of uranium stocks.

COPYRIGHT 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

James Finch contributes to StockInterview.com and other publications. StockInterviews Investing in the Great Uranium Bull Market has become the most popular book ever published for uranium mining stock investors. Visit http://www.stockinterview.com