Robert Lauzon
Ur-Energy Inc.
URE-T
BUY
Nov 29, 2007
An ISR (In Situ Leach) operation in the US, which is more environmentally friendly and lower cost. Have 2 projects that should have production in about 3 or 4 years. Have $1 per share in cash. Looks like they are on track.
Have a US asset. Recently raised money. Feels this is a genuine deposit and can produce profitably. Uranium stocks should be owned as a basket, not just one.
Thinks the uranium sector is topping. There will be a lot of distribution and will be raising a lot of money. Price of uranium is difficult to track because it is artificially controlled. The only one he liked in the group is Cameco, which is a laggard, but even that is getting tired.
Volume is respectable, but the momentum seems to be gone. Range bound. Uranium sector has had a bit of a pullback, but this hasn't. Acting better than its peers. If you own, don't let it go below $3.75.
Uranium Stocks. Of the Juniors he likes this one and it has the most potential and the least risk in terms of balance sheet. Bringing a couple of assets into commercial production. He would not jump in after today’s run but otherwise it looks good.
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