Robert Lauzon
Purepoint Uranium Group
PTU-X
BUY ON WEAKNESS
Jan 28, 2008
Junior company that is basically raising money to explore for uranium. Sometimes takes years to find a deposit. Have to be patient. Some interesting prospects in the Athabascan basin. Pretty strong drill program for the first half of 2008. On negative days, you could pick some up for a short-term trade.(Buy uranium stocks when uranium is near its bottom, possibly around $75/$80.)
Athabascan Basin. This has been a frustrating stock. Not a very well known management team. Recently announced a new experienced VP of field operations. This is a positive. We asset is Turner Lake, which he likes. Early stage.
Uranium. Good properties in the Athabascan Basin and good management. The stock has slipped consistently down from February. This is not a near-term play.
Has probably found a bottom here. More focused on places where major uranium has been found in the Athabascan. They have staked a lot of land in an area that is very swampy and very deep. Prefers others.
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