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Opinions Peter Grandich
Strathmore Minerals Corp.STM.TODON'T BUYOct 01, 2004
Easy money has been made in the junior resource stocks. Let them have a rest for now. Look for a correction.
$1.27
Stock price when the opinion was issued
Mining
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BUY
Have just started to look at uranium plays. This industry is going through a shakeout and a lot of the exploration companies are running out of time and money. This one is a survivor and applied for a mining permit in the US. Trying to sell a non-key asset, which would give them $40-$50 million.
Peter GrandichOwned
Mining
BUY
Not a producer but owns uranium in the ground. Trying to develop some of their assets, but have been a very early player, so they grabbed some assets very early on. Confident that over time they will be able to take some of those assets to production. Some risk involved, but good as a holding in a basket of uranium stocks.
Jean-Francois TardifOwned
Mining
WEAK BUY
Involved in uranium. Rather than buying just one uranium junior, he buys a basket of them to reduce risks.
Jean-Francois TardifOwned
Mining
SELL
Stratmore Minerals has done exceptionally well, and is a company that is proxy on the uranium price. Uranium has done well. He is concerned that the market is very thin for uranium, it is a very small market. The demand for uranium is distorting the price and therefore uranium could be trading higher than the equilibrium price would have been. We are in a very dangerous market. Recommends getting out.
Mining
TOP PICK
A very interesting company that has been around for a long time. They have a number of interesting projects, before the uranium "became hot". The value of the company has been held back by warrents that have just expired in the last week. 7.5 million dollars worth. So now the stock price can start to move upward again. Very speculative
Lawrence RoulstonOwned
Mining
TOP PICK
Top pick is a basket of small uranium stocks which allows you to participate, but to protect yourself. These include Paladin Resources (PDN-T), Energy Metals (EMC-X), Strathmore Mineral (STM-X) and Western Pinnacle (WPN-X). Equally weighted.
Jean-Francois TardifOwned
Mining
BUY
Bullish on energy. Likes their strategy of buying uranium in the ground, which may be at a high cost, but will pay off when uranium prices go up.
Jean-Francois TardifOwned
Mining
