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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (11306)2/26/2007 7:31:07 PM
From: TheSlowLane  Read Replies (1) | Respond to of 13449
 
I like Energy Fuels (EFR.V). They have a couple of properties that should be able to start producing ore this year. Right now they are trying to get a milling arrangement nailed down, preferably at White Mesa. The EFR team built the White Mesa mill in a previous company (EFNI). Very strong team, deep industry experience, lots of cash in the bank.




To: chowder who wrote (11306)2/26/2007 8:35:50 PM
From: gparker940  Respond to of 13449
 
Sir Dabum...here are the ten candle glance charts of good Uranium stocks, that I own nine of.
stockcharts.com|B|D20
Some excellent gains here, and looks like the uptrend for most is holding for now.
Best Regards. Glad to see you active and back in the saddle again.
G.Parker



To: chowder who wrote (11306)2/26/2007 10:04:10 PM
From: - with a K  Read Replies (2) | Respond to of 13449
 

Do you know of any other low priced uranium stocks with decent fundamentals?


Besides URZ, I also own UUU.V and URE.TO. I've heard good things about SXR.TO but didn't get around to buying it; now they are buying UUU.V.

I think the uranium story has legs. I'm up about 14% YTD.





Snips from a U blog:


URE, with its scheduled uranium production via ISL in Wyoming by 2008, is probably the earliest uranium miner out of the entire group, and to me, represents the best takeover target for any emerging senior uranium looking to add uranium projects that will actually come on-line in a relatively short period of time to capitalize on current prices. To compare, JNR and Strateco are exciting exploration plays, to be sure, but the prospects of actually mining the uranium out are years away.

While Ur-Energy has stakes in Northern Canada, the ones of main interest are in Wyoming. The uranium company's main priority are the Great Divide Basin Projects comprised of the Lost Creek, Lost Soldier, Radon Springs and North Hadsell properties. Other uranium claims include URE's Shirley Basin Project comprised of the Bootheel, Buck Point and Chalk Hills and the Kaycee and Shamrock Project. Just a few days ago, Ur-Energy and Energy Metals Corporation (TSE:EMC) traded several Wyoming properties between them in an effort to consolidate and become more efficient: Ur-Energy gave up Chalk Hills and Shamrock in exchange for consolidation of the Bootheel project.

Of the Great Divide Basin Projects, Lost Creek and Lost Soldier are the ones of most interest because they are in the process of being verified to industry NI 43-101 standards. Historical estimates of 13 million lbs and 26 million lbs respectively should actually be taken seriously, as these estimates were provided by Conoco and Cameco through actual drilling. Ur-Energy claims another 45 million lbs of historical uranium resources distributed amongst its other Wyoming properties (34 million in Radon Springs) but these are not as accurate and should be taken with several grains of your proverbial uranium salt.

Production at Lost Soldier is optimistcally set to begin in mid-2008. Of the 26 million lbs of uranium in Lost Soldier, half are indicated and half are inferred. A look at their proposed timeline indicates that several key events must take place for 2008 production to happen: good resources studies, environmental studies + permitting, engineering, financing, and then construction of the actual in-situ leaching ISL wellfield. In addition, Ur-Energy must establish a satellite plant to expedite the ISL operation, and to tie the plant in with an existing uranium-producing company's NRC license, most likely with Power Resources (Cameco-owned).

Lost Creek has much the same elements for their timeline, but is not scheduled to begin production until 2009.

Uranium Environment

Fortunately for Ur-Energy, Wyoming is a very uranium-friendly environment. The state already has ISL plants and knows the technology well so Ur-Energy is not expected to run into opposition here.

The People

With any investment in an uranium junior, experience with uranium is of paramount importance. Ur-Energy prides itself on having 18 geologists with 340 combined years of uranium experience between them. URE is currently headed by William Boberg, who has a wealth of experience in uranium exploring in Wyoming. This is an acting CEO who is also their senior geologist with 25 publications under his belt, a guy who has actually written articles entitled "Exploration for Uranium in Wyoming."


Edit: I also posted this bullish outlook on URE last week.
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