Khan Resources Inc. (KRI.TO)

BUY
Uranium company in Mongolia. Have a well-defined deposit and are proceeding to take it to production. Mongolia had been a political issue last year, but it looks like the government is reversing their stance. Expect they will be able to produce 2-3 million pounds a year.
BUY ON WEAKNESS
A uranium company in Mongolia. Very large, significant resource base. Latter stage developmental play. Looking 2, 3 years out for any meaningful production.
TOP PICK
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.
WATCH
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).
TOP PICK
Ivanhoe (IVN-T) put a plan to the Mongolian government. If it gets approved, the next project up will be the Dornod property, of which they own 58%, a very high-grade uranium deposit. Russian and Mongolia and governments own the balance.
BUY
Uranium assets in Mongolia and next-door to Western Prospector (WNP-X) which he also likes.
COMMENT
Experienced management. In Mongolia which is a bit of a political risk. Taking a hard look at this one and may Buy.
TOP PICK
Uranium assets in Mongolia. Feels they could produce 3 million lbs. Rather than owning one individual stock, you should have a basket of uranium.
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