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One of the best operators in the uranium space. Majority of their production comes from Kazakhstan so costs are very low, about $20 per pound so at current spot price they are able to generate a fairly good cash flow, so this is one of her favourites along with Cameco (CCO-T). Very bullish on uranium but you have to be patient and wait for 2013-2014. Thinks the sector is going to surprise a lot of people.
Cameco (CCO-T) is your most defensive play in the uranium space. If you are looking at something that has probably more optionality and upside, presuming uranium prices, then this is the one to go for. All the operations in Kazakhstan are going really well and they have a fair bit of growth ahead of them.