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: Lalit Jain who wrote (81)	3/10/1998 6:20:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 30105

Hi Lalit Check this Uranium play out. Company: Anaconda Uranium Corporation Symbol: ANU Exchange: VSE Last Price: 0.35 52 Week High/Low: $0.36 - $1.05 One Billion Dollars Of Uranium Trading At 40 Cents Anaconda Uranium Corporation was formed in early 1996 by an experienced team of mining professionals to take part in the boom in uranium prices which began in 1996. Since inception, Anaconda has been successful in acquiring uranium reserves of approximately 70 million lbs. in four deposits located in Australia and the U.S. At the current long-term contract prices of $14-15 per lb., that translates into an in situ value of approximately $1 billion. Headed by John Cook, a veteran Canadian mining engineer, Anaconda has focused on acquiring proven uranium reserves in projects, which were drilled and developed during the last uranium boom in the 1970's. At that time, utilities and energy companies aggressively explored for uranium as prices soared to $50 per lb. in early 1979. As supply was added to the market, prices collapsed and many developed, proven projects were put on the shelf or abandoned. Over the past 10 years, nuclear generating capacity has continued to grow and uranium nuclear fuel demand today outstrips uranium mine supply by two to one. For example, current uranium demand totals 80,000 tonnes whereas mine supply is only 43,000 tonnes. The large shortfall has been met for large stockpiles, which have been dwindling over the past 10 years. The end result is that spot prices have rebounded strongly from lows of $7 per lb. in 1994 to $11 today. Importantly for Anaconda, 95% of uranium is sold under long term contracts, which today are fetching between $14-$15 per lb. According to several mining analysts' forecasts, current uranium supply and demand fundamentals suggest prices could soon rise in excess of $20 per lb. Anaconda's flagship project is Ben Lomond in Australia. At $15 contract prices, Ben Lomond has a present value of C$16.6 million or C$1.07 per Anaconda share. At $20 per lb., then value per share rises dramatically to C$2.20. At $15 per pound Anaconda's total uranium portfolio has a present value of C$3.05 per share using a 10% discount rate. Anaconda's total uranium portfolio at $20 prices has a present value of C$10 per share. Management remains focused on building a diversified energy fuels company and continues to aggressively seek out opportunities. Most recently, Anaconda has entered into negotiations with a major European nuclear fuels agency to acquire an interest in a uranium project slated for production in early 1999. Such an acquisition, combined with planned production from Ben Lomond in Australia, will give Anaconda a tremendous competitive advantage in the market. John Cook, Anaconda's President, is leading this vision of growth in production and reserves. Mr. Cook was previously Vice President - Engineering with LAC Minerals before it was acquired by Barrick Gold and subsequently Vice President - Operations with Goldcorp, another large Canadian mining company. Most recently he was Director - Operations for Navan, an Irish mining company with operations in Europe. Cook is joined by an exceptional board of directors with more than 120 years of combined experience in mining exploration, mine development and financing. The latest addition to the board is Hugh Courtney who was more recently Vice President - Commercial with Power Resources - one of the United States' largest uranium producers. Mr. Courtenay has more than 20 years of global uranium marketing experience. We believe the timing is excellent to provide investors with a pure uranium vehicle such as Anaconda Uranium Corporation. Within a short period of time, Anaconda has developed a high quality reserves portfolio, which provides shareholders with excellent growth potential. For more information on this undervalued/underfollowed company, please call Ann Slattery Telephone: (416) 864-1012 Fax: (416) 864-1369 E-Mail: aslatter@concentric.com Web-site: inline-online.com ******************************************************* This bulletin is sponsored by the company and/or another party and has been sent to you for no charge. This is a service provided by StockHouse to public companies so they can disseminate recent significant developments, which potentially can affect their share price. This is not an offer to buy and sell any security which can only be made through a registered representative. StockHouse makes no warrantees as to the accuracy or completeness of the above information. Visit StockHouse Online Journal at stockhouse.com ******************************************************* Mr Metals