Not producing uranium as yet, but it does have a large land mass. The properties they own are very similar to the Athabascan. Extremely speculative at this point. Would prefer owning a company that is currently producing.
Uranium deposit in Ghana. Feels this is a uranium basin, not a small deposit. First hole was decent grade, but they have another 14 holes coming. Stock was oversold.
The stock went down, because the expectation of the market was too high. It's an exploration companies, so there is a lot of risk, but there is promise as well. Should buy a basket of stocks, not an individual company only.
(A Top Pick Mar 28/07. Down 39%.) Open pit mining uranium play in Guinea. First 2 sets of results are out. First was mediocre, but the last results were very, very good. There are another 16 holes to come in the next little while.
Uranium exploration in South America. Tax loss selling at this time of year will create further pressure in the first couple of weeks in December. There'll probably be a rally in the 1st quarter of 08. Pretty good management team.
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