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

To: Cheeky Kid who wrote (5124)	12/19/2006 7:20:26 PM
From: james flannigan	Read Replies (2) \| Respond to of 30220

Your welcome,I did some DD and think that GEM is worth one hell of a lot more than the current market cap. James

To: Cheeky Kid who wrote (5124)	12/19/2006 8:47:07 PM
From: terry101	Respond to of 30220

Don't forget about GEM's other assets! U is getting all the attention right now, but keep in mind that GEM was originally and is a large potential gold, copper and diamond company also. Even though GEM picked up the uranium project for next to nothing, they are still undervalued in comparison to other U juniors with just the U property. When you add in the gold, diamonds and copper projects, then you have a company that is amazingly cheap. GEM is already leveraged to the PM and copper at the Highland project. They are finding shallow (open pit potential) veins, pretty thin but up to 50m wide. They also have base metals through the JV with Wallbridge at the Sudbury Offset project. With only about 60 million shares currently outstanding, they have leverage to about a pound of uranium for every share with the current estimate of resources. With U selling in the $70's per pound, going with a 5% value in the ground, once Pele proves up the resource compliant to NI43-101 standards, they could have an asset value of about $3.50 per share JUST ON THE U alone! There are also reasonable expectations of an announcement of the resources increasing by 50% in Feb/Mar. Most of my U stocks are the producers or near producers, but I have added GEM as one of my few explorers as I see the risk/reward ratio as excellent. (I know some here disagree but I am also more confident of URZ mgm than most, and think FSY has almost explorer upside potential for an upcoming producer.) Appreciate the good info posts here. Best, Terry