Stockchase Opinions

Michael SmedleyInternational Uranium CorpIUC.TOTOP PICKSep 21, 2006

International Uranium (IUC-T) and Denison Mines (DEN-T) are merging, which will make a very serious #2 uranium producer.
$5.72

Stock price when the opinion was issued

non-base metal mining
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BUY ON WEAKNESS
There may be a little consolidation at this point. Would recommend buying it at 10-15% correction.
COMMENT
IUC (IUC-T) and Denison (DEN-T) are merging and is a perfect marriage.
BUY
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.
TOP PICK
Denison mines (DEN-T) and International Uranium (IUC-T) are merging. International has lands plus processing in the US and Denison has processing.
BUY
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.
BUY
Uranium is a long term story. Has more upside based on the price of uranium. Prefers over Cameco (CCO-T).
WEAK BUY
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.
DON'T BUY
Inclined not to be in it.
BUY
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.
BUY
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.
DON'T BUY
Very bullish on uranium stocks in general. This is a good company with a good project, but the stock is quite expensive.
BUY
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.
BUY
Likes the uranium sector. Spot price is up and expects this to continue.
WEAK BUY
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.