Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: thespy who wrote (2419)	3/29/2006 9:02:12 PM
From: Cogito Ergo Sum	Respond to of 30087

I guess that is YOUR opinion ? of Sprott et al... Have you anything to offer but some fellows opinion on a BB ? Yikes.... AL

To: thespy who wrote (2419)	3/29/2006 9:57:12 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 30087

I'm all for no hype and lots of substance, so let's please hear the bear case on Strathmore. The crappy stock is only up 461.3% from where I bought it. Oh, and by the way, I have a map of the Athabasca Basin on my wall and I can assure you that Strathmore has a very large footprint there. The map doesn't show the two properties in New Mexico with defined resources that are in the permitting process, but I know they're there!

To: thespy who wrote (2419)	3/29/2006 11:17:27 PM
From: Proud Deplorable	Read Replies (2) \| Respond to of 30087

I don't know about that but many months ago I sold it to buy NUC. Thanks Rocket

To: thespy who wrote (2419)	3/30/2006 9:33:30 AM
From: Tommaso	Read Replies (1) \| Respond to of 30087

I don't usually hassle someone on his (or her) very first post, but if you are going to dis a stock that some of us own, you ought to do a better job of it. Here must be the recommendation that your ignorant jackass of a source must be referring to: Eric Sprott: I think the fundamentals for some of the companies are spectacular, quite frankly. It’s interesting for us because we had the same thing happen in gold, when the price of gold was $250. We tried to imagine what we should buy if, and when, gold went to $400, which we thought it would, or $500 or higher. The real opportunity always lay in, ‘We’ll find someone who has a large resource that is uneconomic today, but if you move the price up, it becomes quite economic.’ I would say Strathmore (TSX-V: STM). They have a large resource already identified. In fact, they are acquiring properties all the time that were identified years and years ago. Yet, at $20/pound uranium, they probably don’t make any sense. But, at $40/pound uranium, they are likely to make tremendous economic sense. Of course, the value of the shares can almost – not go up exponentially – but they can go up a lot. You finally tip over that breakeven level, and everything after that is profit. We had an analogy like that in gold area, where one guy went out and bought all these deposits that would make sense at $400 gold. The stock has been a tremendous winner. I think it is up 500 percent. I think the same can happen in uranium. That’s why we go to Strathmore and UEX (TSX: UEX). There are a couple drilling in Saskatchewan: JNR Resources (TSX-V: JNN) and International Uranium Corporation (TSX: IUC). There’s very few. We’ve scoured the world for uranium plays. There aren’t many. I don’t know if there are 20 names. stockinterview.com