Peter HodsonInternational Uranium CorpIUC.TOWEAK BUYMar 27, 2006
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.
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.
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.
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.
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.
Had a huge runup and now there's a bit of a pause because the market had to absorb a stock issue they did. Coming in with some pretty decent results as far as grades go. Uranium sector is very much intact and this should get back to its old highs.
Not cheap. They do have facilities and some assets in Canada as well as outside of North America. Well managed company. Sees more upside in other juniors.