|COMMENT||$2.270||UNKNOWN||CANADIAN & FIXED INCOME||No|
A uranium exploration play. They are sitting on about 200-220 million pounds of uranium. It is very likely this is an asset that will get developed. A world-class deposit, which may attract the attention of some major developers. Uranium has been a dark cloud for a long time, and prices have been trading below the cash cost of production until very recently. At higher uranium prices, this is a stock that is likely going to be a take out. He likes the company.
Senior VP & Portfolio Manager, Goodreid Investment Council