Peter Hodson
Energy Metals Corp
EMC-T
BUY
Nov 20, 2006
US assets and a great asset base. Well managed and well financed. Will probably start making profit in 08. The real story here is the supply/demand story of uranium.
Will start production in the first quarter of 2008. They have in excess of 200,000 lbs. of uranium. Will be a significant producer in the US. Takeover candidate.
Will be having production in the start of 2008. Have in excess 200 million lbs. All properties are located in the US. One of the better management teams especially in in situ recovery compared to underground or open pit mining. Experts in in situ recovery are very scarce, but this company has them. Very good assets. Expect they will be one of the consolidators in the US.
On take-over with SSR. At this moment paladin is cheaper (he owns) which is an equivalent type of stock, but isn't involved with a takeover, so he would recommend it over EMC-T