Uranium ... from jbell on Yahoo
Re: Mr. Pink why? - jbell
by: jbellofattojr 04/20/06 07:27 pm
Msg: 4291 of 4291
URRE.OB and IUC.TO are in production now.
UEX is years off, but has the two biggest U producers in the world behind them (Cameco and Comega). IMO, anything UEX finds, it's big brothers will buy from them.
MTN and FRG are explorers with economically viable properties.
I forgot Paladin (which is Australia as well).
Problem is, after Cameco and Comega, the other U producers mine various other ores as well (like BHP) and you can't use them as uranium plays. There looks to be soon to produce U miners in Asia, but taxes and royalties leave them with little if any profits.
After that, you have ERA in Australia as Oz's Cameco. They are the largest producers in Oz, but some of their best future properties are either in Queensland or on Aboriginal territories. These will probably go into production at some time in the future, but only after the effects of peak oil have been accepted by the public, only then will those road blocks in Oz disappear. So ERA is not a bad play, but your better off in Cameco (CCJ) if your gonna play the big boys.
So what is left? URRE and IUC. Out of the two, URRE is the better choice in my opinion, better properties, permits in the process of being approved, mines in production and coming on- line soon, and decades of political interaction with the feds and locals. That said, they did a 4 to 1 reverse split and followed with a PP today. So if interested in them, work your way in, percentage by percentage.
Denison is considered a small producer, but they own the property that Comega mines, and receive a percentage of the uranium produced.
This is not to say that other jrs. aren't worth trading, but like the PM juniors, you'll need to be far more nimble. I'm willing to wager we'll see more marginal gold mines in the next ten years come on-line, than we will uranium mines.
JMHO
NIA
DYODD
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