Michael SmedleyAurora Energy Resources Inc.AXU.TOTOP PICKAug 24, 2006
A uranium play in Labrador. Doesn't think too many people are on to this. Have a number of very exciting holes which are higher than the very low grades.
A lot of hype leading up to the legalization. These prices are now more reasonable. They haven’t turned a profit yet and they haven’t performed as well as others. In terms of sustainability, there are lots of problems. He would buy an ETF instead.
One of the most interesting plays in uranium. Geographically safe area. Superb management. Play this in a package including Uranium Participation (U-T).
Uranium exploration. Interesting properties on the east coast. Has had a huge run and is a bit pricey. If there were significant pullback, he would be interested.
A uranium play. They are still drilling and the size of the ore body is increasing accordingly. Because it is an exploration development, there is a lot of risk.
A uranium deposit in Labrador. Most drill holes that came out extended the deposit. Grades improved at depths. The deposit will probably go to production someday. Not cheap.