UEC: Solid Drill Results from Salvo Project

DAVID TALBOT, Dundee Securities (04/06/2011)
"Some nice grades and very good widths were reported by UEC this morning from another 63 holes of its 106 holes Salvo Phase I drilling program. It appears as if drilling of this roll-front uranium deposit since November 2010 is not only confirming the presence of uranium mineralization, but, especially when taking multiple zones into account, appears to be improving on past results. We reiterate our BUY recommendation for UEC with a 12-month share price target of US$6."

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