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

To: siempre33 who wrote (2655)	4/26/2006 4:30:55 PM
From: Cheeky Kid	Read Replies (2) \| Respond to of 30177

These companies who come late to the party, how are they finding good properties?

To: siempre33 who wrote (2655)	4/26/2006 6:00:23 PM
From: Condor	Read Replies (1) \| Respond to of 30177

I was enthusiastic about FDC but sold 80% of it off after what I saw as a disappointing last news release. It'll have to prove itself now. I also own your DIT but it too is a wild spec on my part. I liked the small market cap but as you know, that can work against it too. I'm from Insane Als camp. All stocks are crap. Basically buy enough of the ones that are least offensive, throw them against the wall and hopefully some will stick. In the final analysis the measurement criteria is "how much capital gains tax do I pay this year?". I don't pick stocks, I'm no good at it. I choose from my list of other talented players DD and picks who I consider to be good. I'm not too bad at that usually, on the average. Cheers C

To: siempre33 who wrote (2655)	4/26/2006 7:14:11 PM
From: Goldberry	Respond to of 30177

I'm missing something. Where is FDC mentioned in this article? Transcript below TORONTO (ResourceInvestor.com) -- Ditem Explorations Inc. [TSXv:DIT] yesterday announced the acquisition of a significant uranium property package on the south eastern side of Saskatchewan’s Athabasca Basin. The move puts the company in a critical mass situation, and makes Ditem one of a small handful of quality uranium plays in that part of the world. Further, if one looks at other quality juniors with sizeable land positions (that are prospective) near or around Ditem’s 205,000-acre Cree Lake project; their market capitalizations are without exception, a multiple of DIT’s. resourceinvestor.com The Property The Cree Lake project is located in the south eastern region of the Athabasca Basin, which presently hosts the world’s two richest uranium mines. The property package consists of 20 mineral dispositions in a staked area that extends over the north half of Cree Lake as well as northward on the east flank of a long block of Cogema claims that cover a structure that is well marked as a magnetic feature. Cree Lake is more advanced than most of the grassroots properties in the area, and is close to being drill-ready. Previous work has identified two radiometric anomalies as well as an anomalous boulder train on the north end of Cree Lake. With so many uranium juniors promoting moose pasture these days, Ditem joins a small class of quality explorers with very substantial, largely contiguous land packages that have homerun potential. Comparables When one surveys the landscape of quality uranium plays listed in Canada, it becomes obvious that companies with assets and projects similar to Ditem’s are trading at valuations, which at the very minimum equal twice DIT’s present market capitalization, and, in most cases, three times or more. Indeed, companies surrounding Ditem’s Cree Lake project have market capitalizations respectively of C$107 million, C$43 million, and C$32 million. Ditem, at yesterday’s close price of 60 cents, had a market capitalization of just C$10 million. Clearly those other stories have a few irons in the fire, but that is the direction that Ditem is going as well, and in fact, is pursuing aggressively. Early investors therefore, will almost certainly catch the jump in DIT’s valuation, as the company populates itself with new projects, and bridges the gap. Management Ditem is led by Raymond Savoie, whose resumé boasts, among other accomplishments, positions as Quebec’s Minister of Mines and Minister of Revenue in Robert Bourassa’s government. This makes Mr. Savoie an extremely well-connected chap in mining circles, giving him superior access to opportunities as they arise, and imparting substantial credibility with the institutional community. More Properties Coming As Savoie stated in Tuesday’s press release “The purchase of the Cree Lake Property and the recently acquired option on the Beartooth Project represent the first in a series of anticipated acquisitions as the company executes on its plan of becoming a highly leveraged explorer and developer of quality uranium assets.” In fact, the company is intent on not only continuing to assemble quality exploration projects, but also on acquiring projects that contain existing uranium resources. Investors are no doubt aware that 43-101 compliant pounds of uranium in the right jurisdictions, and even non-43-101 compliant resources which can be upgraded, are rewarded by the market with real value per pound. As Ditem continues to build an asset base of exciting projects therefore, it seems obvious that high-impact exploration and existing uranium resources will not only underpin, but also propel the company’s share price higher given the current appetite for yellowcake and yellowcake vehicles. Conclusion Ditem clearly is still cheap when examined relative to its peers. The reasons for this are fairly evident – this is a new story that few are aware of, and with the company still in acquisition mode, it is not focusing on marketing itself to the institutional and retail communities at the moment. But as DIT continues to grow its asset-base, creating a stable of uranium projects at all levels of development, it would be hard to fathom a scenario under which shares do not continue to climb. Indeed, with uranium prices sitting at $41 per pound, and widely believed to be headed much higher, people are falling over themselves to participate in quality deals in this sector right now. Therefore as the story is told, Ditem’s valuation should move towards the average in its peer group, which presently ranges anywhere from twice to three times its current market capitalization for similar assets - translating to a share price of C$1.20-C$1.80 for the company. All of this would appear to make DIT a compelling buy in the 60c range, because if/as the aforementioned is actualized over the next few months, investors will be amply rewarded.