Stockchase Opinions

Jean-Francois Tardif Pele Mountain Resources Inc. GEM-X WAIT Dec 27, 2006

An early exploration uranium exploration company so is one you would have in a basket of uraniums. Had a big run, so would wait before buying.
$0.950

Stock price when the opinion was issued

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DON'T BUY
Early-stage uranium. Had a big run. Holds it in his basket of uranium stocks. Wouldn't buy at this price.
BUY
Recently acquired uranium deposits. 30,000,000 lbs. has been identified. Just beginning a drilling program to bring them up to reporting standards. Their non-uranium assets are being ignored, but also have value.
BUY
Still early stage. Starting to get some comfort with this name.
WATCH
Has 33 million lbs. of uranium at Elliot Lake. Hasn't been very well profiled in the market so it has not done well. Have to do a better job of getting the story out there.
BUY ON WEAKNESS
A higher risk company because of its location, Elliot Lake, which has become more of a residential area. Have a deposit, but a little higher cost than what he likes. Probably a Buy on a 10-year outlook.(Buy uranium stocks when uranium is near its bottom, possibly around $75/$80.)
COMMENT
Marketed themselves as a uranium company a few years back. Uranium has had a real strong uptick recently. You wouldn't have made any money off this in the last 3-4 years.
BUY
Main resource is at Eco Ridge at Elliot Lake in Northern Ontario. Also producing rare earth. Resource will be updated in the next little while. Close to good infrastructure.