Stockchase Opinions

Jean-Francois Tardif Strathmore Minerals Corp. STM-T TOP PICK May 09, 2005

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.
$1.980

Stock price when the opinion was issued

Mining
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BUY
One of the earliest players in the uranium game. This gave them the opportunity to have a high priced stock relative to where their assets might have been. A well-run company. Price has dropped to where it offers some speculative appeal.
WEAK BUY
Involved in uranium. Rather than buying just one uranium junior, he buys a basket of them to reduce risks.
DON'T BUY
Has had a Top and its 1st corrective period down and the MACD made a low. What bothers him is that it has been a flat rally, so suspects there is another Down to come yet.
DON'T BUY
Has done phenomenally well with uranium prices rallying up. Uranium is ahead of itself and is heading for a crash. There is no shortage of uranium presently.
DON'T BUY
Very leveraged to the uranium price and feels uranium is very high, so considers it as a high risk.
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.
BUY
Well managed. Had the foresight to see the uranium bubble, so got a lot of projects. Has been some takeover talk that may be the reason for the rise in the price.
BUY
One of the earliest companies in uranium, which accounted for its big move up. This has enough projects that it will continue to do well.
COMMENT
Have properties in the Athabascan basin in Saskatchewan. Main properties are in New Mexico where Navajos are opposed to mining. There could be lots of acquisitions/mergers.
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.