Peter Grandich
Southern Andes Energy
SUR-X
WAIT
May 11, 2007
Uranium. Have been drilling a lot, but there are no assays back yet. Will be low grade, but high tonnage. $.93 is a potential floor, which might be an entry point for a more conservative investor.
Believes the uranium market has the best dynamics going. Some of the bigger names that have been around a few years are starting to roll over and the market is going to start moving towards the names that have not been spoken about. Very speculative.
Has a very strong uranium and zinc play in Peru. The problem is, there has been a big correction in those types of stocks. The Peru election was a positive for mining companies. They may be on to significant uranium findings. If you are highly speculative, buy on any sustained weakness.
The sideways motion in November/December is quite significant in and took a significant climb. Hasn't pulled back yet and looks like it has a lot of room to move. Also likes that it has a lot of liquidity. Be careful if it pulls down to below $1.
A uranium stock in his basket of uranium stocks. An exploration company that brings in partners that pays for development. Believes there is a lot of uranium in the land they have.
Partnered with Frontier Pacific Mining (FRP-X) in southern Peru in a very interesting uranium play. Prefers Frontier Pacific as they have half the play as well as a wonderful gold project.
Uranium. Spectacular company. Very early stage. Small and high risk. Cameco (CCO-T) is in their region. Also have some joint ventures. Have been drilling up some resources.
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