Stockchase Opinions

James HodginsJet Metal CorpJET.VDON'T BUYMay 26, 2011

Very negative on uranium. Thinks there’s a total retake in the developed world as to what to do with nuclear plants and energy.
$0.77

Stock price when the opinion was issued

$1.36

As of Mar 15, 2022. Market Open.

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WAIT

These people are going to start up an ultra low-cost carrier in Canada. They haven’t got into flying yet, and haven’t got the business off the ground. They plan to go into some of the markets that are under serviced, where other carriers are not into them right now. They are working with some of the economic groups in those areas in order to get some deals. They’d like to get revenue from seat sales as well as parking and concessions. This is one where you have to wait and see how they execute.

DON'T BUY
Has some interesting assets both in Labrador and Wyoming. The problem is that the uranium sector is still under a lot of pressure. They will need to raise a lot of capital in order to put these projects into production by themselves. Very speculative. He owns some warrants.
DON'T BUY
Likes the project and the management team. He was long the stock but sold it immediately after the Japanese disaster. Junior uranium projects are going to have a tough time getting the financing they are going to need to develop them over any intermediate timeframe. Pretty much dead money.
BUY
Multi metal resource of uranium, vanadium and gold. Likes all 3. The Labrador moratorium is expected to be lifted in March. Paladin (PDN-T) recently purchased a Labrador project from Fronteer Gold (FRG-T) that it is expected to develop. This company’s mine is next to it.
BUY
Paladin (PDN-T) recently purchased a uranium property in Labrador. This company also has a uranium project in Labrador. A moratorium is expected to be lifted on these properties in March/11.
STRONG BUY
Uranium exploration in Labrador with some gold out of the same project. Currently in a moratorium until possibly Feb/11. Recently bought into a Wyoming uranium as well.
HOLD
Had tremendous success on its exploration front but for the next several months there won't be anything positive happening in the junior resource market. Financing is shot until the new year. Hopefully they can get reactivated again next summer. Very conservative management.
DON'T BUY
Uranium price is down 50% from its highs and he doesn't think the worst is over. This company has 2 problems. The decline in the uranium prices as well as the moratorium on uranium exploration and mining in Labrador.
PAST TOP PICK
(A Top Pick Mar 7/07. Down 53%.) Have a very significant uranium discovery, which is right beside Aurora Energy (AXU-T) in Labrador. This is emerging as a very important uranium district. Company has been the victim of not moving fast enough to demonstrate the size of the potential resource. Watching to see what happens in the near term.
COMMENT
Uranium is a great space to be. Located in Labrador, sort of operating on the coattails of the Michelin project of Aurora Energy Resources (AXU-T). Nowhere near the evolution of Aurora’s resources. In the very early stages. If you like early stage exploration, this is great, but if you are looking for something that will be in production in the next few years, look at Aurora.
BUY
Doesn't own, but is watching their drill results. Properties in the central mineral belt of Labrador. Prefers Aurora Energy (AXU-T), which has properties next door and is further along in development. Have a lot of drilling prospects in front of them for 2008.
COMMENT
Have interesting lands. Some expansion in its exploration program in central Labrador as well as lands on the West Coast. Speculative. It will take a long, long time for anything to be produced there. Wouldn't rush into this one but if you have a position, Hold. Wait for the general resources to really bounce.
COMMENT
Watching this one closely. Had some interesting drill results and are drilling in the same area in Labrador that Aurora (AXU-T) is. Exploration play so comes with risk. Area doesn't have a lot of infrastructure so there are a lot of fixed costs if they ever decide to build a mine.
DON'T BUY
Junior uranium. You have to be wary of big market caps that are explorations because if they don't come up with something, the value at the end of the day is zero. Still too early.