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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (16788)	1/26/2006 4:16:02 PM
From: Crossy	Respond to of 37387

re: FDC.V - Forum Development - C$0.41 URANIUM Nice close on good volume (almost 300K) and a breakout above the old "boxed" range (C$0.30-C$0.40) - I hear an interview with Forum management is going to occur on www.stockinterviews.com but I don't have any confirmation yet.. stay tuned.. this company now is IMHO at an acceptable size for an Uranium firm (US$10m marketcap) me and they are also exploring significant CBM projects in BC. Why do I call $10m acceptable for Uranium exploration ? Simple - a meaningful drilling program costs around $2m. To self-finance such activities, you would incure 20% dilution at a marketcap of $10m.... If your marketcap were just $5m, the dilution would be 40% .. Ouch ! At $10m marketcap and with 100% owned projects, Forum can attempt to "carry" their acreage to the next level, high grade it by more delineation drilling, maybe until a significant discovery is made. Looking for a partner AFTER the discovery process lets shareholders keep almost all of the upside.. IMHO the trick is not to choose firms that are too small (say $5m USD) - these would be forced to JV away too big of their acreage percentage .. case study in point JNN.V (JNR Resources) - a fine company.. at $5m marketcap years ago, they had to farm out 75% of their acreage to Lundin's IUC.TO ... well they actually hit a nice discovery.. unfortunately JNN.v gets only 25% of the beef.. That's the curse of being too small when it comes to Uranium exploration.. rgrds CROSSY

To: Crossy who wrote (16788)	1/27/2006 12:18:52 PM
From: AuBug	Read Replies (2) \| Respond to of 37387

FDC.v on fire since the Crossy Effect kicked in: finance.yahoo.com Meanwhile PXP.v has settled back to c$1.06 and still looks very attractive. Thx for the help on the yellowcake DD.