Michael Smedley
International Uranium Corp
IUC-T
BUY
Jan 03, 2006
None of the uranium stocks are overvalued on the basis that uranium is moving once again after years of being out of favour. This is one of the main small players in trying to find new deposits in Saskatchewan.
A strong believer in uranium. His two favourites are International Uranium (IUC-T) and Western Prospector (WNP-X). International has some US assets which gives it a higher valuation.
A well-run company with good assets and some good potential. Wouldn't be his favourite name, but nothing wrong with it. It's 2/3 times more expensive than some of the other juniors.
Made a production decision, so will be revalued from an asset collector to a producer. A little more favourably disposed to it right now but doesn't own.
They are producing uranium and are going to ramp up different projects. Will produce roughly 4-5 million pounds in 2010. Because uranium is going up, the stock should do well.