Michael Smedley
Extract Resources Limited
EXT-T
PAST TOP PICK
Mar 18, 2010
(A Top Pick April 28/09. Up 49.5%.) 2 or 3 giant holders glaring at each other and there is a sense that it might not become a mine. Cost of production of about $30+ with the price of uranium being at $40 so he doesn't favour it as much as he did.
Up 290%. Thinly traded. Main listing is in Australia. Thinks it will get bought out. It is the natural extension of the Rossing mine - Second largest producing mine last year.