Opinions Dennis da Silva
Khan Resources Inc.KRI.TOWATCHMay 17, 2007
Asset is located in Mongolia. Russian government had developed the properties, but with low uranium prices, they walked away from the project. Basically, they just have to dewater the workings. Resource is about 38 million lbs. Good grade assets. Capital costs are fairly low. The problem is Mongolia. Waiting to see what happens with Ivanhoe (IVN-T).
$4.34
Stock price when the opinion was issued
non-base metal mining
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COMMENT
Very bullish on the Mongolian assets of this company. It's a proven resource. The issue is the government and if they are anywhere reasonable in the terms of splitting the pot, this is extremely undervalued.
Jean-Francois TardifOwned
non-base metal mining
COMMENT
Uranium stock in Mongolia. The stock has done very poorly. Political problems but they have a real uranium asset, such as 40 million pounds. Waiting for the government to allow it to produce.
Jean-Francois TardifOwned
non-base metal mining
COMMENT
There are only 5 or 6 uranium stocks that he likes. He owns Khan Resources (KRI-T), Tournigan Gold (TVC-X), Uranerz Energy (URZ-T). Because it is in Mongolia there are political risks.
Jean-Francois TardifOwned
non-base metal mining
BUY
Uranium. Good price. Recommends you keep a basket of them.
Jean-Francois TardifOwned
non-base metal mining
