Rick Rule
Fronteer Development Group
FRG-T
TRADE
Jun 02, 2005
High regard for management. Beginning to spend too much money on their own projects. particularily in Turkey. Involved in probably the most attractive uranium exploration play on the continent, Labrador in a joint venture with Altius Minerals (ALS-X) and prefers this stock more.
Owns about 47% of Aurora (AXU-T). Its other major asset is a gold joint venture in Turkey with Teck Cominco (TCK.B-T). An interesting way to play Aurora.
A terrific story going forward. Have gold property in Nevada as well as about 48% of Aurora (AXU-T), a major uranium play in Labrador. Have been very active in Turkey on some major gold finds.
(Top Pick Feb 7/07. Up 6.6%.) Has an expiration property in Turkey. Likes the company and management and their exploration plays in uranium but negative on Turkey. Wouldn't Buy.
Own about 41% of Aurora Energy (AXU-T), a project in Labrador as well as some old assets in Turkey and Nevada. The sum of the parts means you are getting some of their assets for free. A cheaper way of playing Aurora. At this price you should do okay.
Has 2 things going for it. 1) 40% interest with Teck Cominco (TCK.B-T) in 3 copper/gold deposits in Turkey, 2) major gold plays in Nevada and 3) a 32% stake in a uranium play. Speculative.
Sold his holdings when they ran into problems with local First Nations Groups, which created a 3-4 year delay in getting the project developed. A fantastic uranium property with great reserves. Started developing gold assets out west at that time, so if you like gold and uranium, which he does, it’s a Buy..