RPG: Advancing Projects

Notable Quotes

"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More�>

"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More�>

"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More�>

"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More�>

"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More�>

SEAN PEASGOOD, Wellington West Capital Markets (05/17/2010)
Projects are advancing on schedule; patient investors will be rewarded.

Q1 results do not change outlook; the focus is on development.
Investors should focus on project development as Q1 results provide little insight into future earnings. Q1 revenue was $974K; adj. EPS was (1¢).
Projects advancing on time with SJT expected to be online in 2011.
Additional 36MW online in Q1/11 with total 72MW by Q4/11. Remaining 2010 capex expected to be ~$143M with SJT requiring $98M.
Looking to fast track revenue at the Geysers through steam sale.
We believe Ram is close to finalizing a deal at the Geysers to sell the steam in a JV. This would provide recurring rev. sooner than expected.
Reiterating Buy rating and C$4.50 price target.
RPG's shares are attractive at 0.6x FDFF risked NAV and 0.2x FDFF unrisked NAV. As projects come online, the stock should react positively.

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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes:

More Experts

"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More�>

"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More�>

"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More�>

"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More�>

"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More�>