Stockchase Opinions

Jean-Francois TardifKhan Resources Inc.KRI.TOTOP PICKJun 21, 2007

Uranium play in Mongolia. They have a real deposit, which will go into production. Feels this will get together with Western Prospector Group (WNP-X), which is next door to them. Have 50 million lbs. in the ground and feels that they can ultimately produce 3 million.
$4.13

Stock price when the opinion was issued

non-base metal mining
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HOLD
(Market Call Minute.) Uranium in Mongolia so it is a Hold at best.
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.
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.
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.
DON'T BUY
Both Khan Resources (KRI-T) and Western Prospector (WNP-X) have some nice projects, but there is a lot of political risk in Mongolia. In the past, it has been known to expropriate properties, levy higher taxes, etc.
HOLD
(Market Call Minute.) A small uranium play in Mongolia that is going to have production but the small cap aspect makes it tough in this market.
BUY
Uranium. Good price. Recommends you keep a basket of them.
PAST TOP PICK
(A Top Pick Apr 11/07. Down 75.4%.) As uranium started to come off, hedge funds dropped out. Sold at a loss of 30%. Wait until there is some directional movement in uranium prices, which could be 2009/2010.
DON'T BUY
Thinks the asset is great but it is totally in the wrong country. He has given up on Mongolia.
BUY
(Market Call Minute.) A long-term Buy but there is political volatility here.
DON'T BUY
Has been quite volatile because it operates in Mongolia. It seems every other month the market is flipping on whether Mongolia will allow them to operate or not. A lot of political risks. Good property, which will come into production.
COMMENT
Has been responding somewhat positively along with some of the other uranium stocks. More of an exploration play. Will move up on the development of deposits. Will be highly volatile and somewhat speculative.
WATCH
Uranium. Circumstances with this company are unique. Have an operation in Mongolia and have had problems with permitting and government acceptance of it.
WAIT
High maintenance. Unstable government relationship. More experienced Australian company has stepped in and has a piece of this company.
WAIT
High maintenance. Unstable government relationship. More experienced Australian company has stepped in and has a piece of this company.