STM: Fulp's Favorite

Mickey Fulp, Mercenary Geologist (12/14/2010)
"Strathmore Minerals was my first foray into the junior uranium sector in June of 2007. I hardly could have picked a worse time as the price crash was just around the corner. Nevertheless, I have reported on Strathmore in a series of private analyst reports and public musings since then and repeatedly invested in the company. This is a long-term investment, as I have not sold any shares since first buying. By averaging down during the darkest days and flat times in the sector, I am now solidly in the black on my purchases. But I think bigger profit potential lies further down the road.

Folks, Strathmore [has become] nearly a threebagger in less than five months. It closed today at $1.15. I expect the divestiture process to continue in 2011. STM, currently, is seeking outright sales, joint ventures or other business combinations for four development projects in New Mexico with a grand total of 50.9 Mlb. of 43-101-qualified resources and four exploration projects in Wyoming with two containing historic resources. Strathmore Minerals remains the most undervalued uranium developer listed on the North American exchanges. Rest assured—given the current time and price—that I am not selling."

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