URG's Upside

MICHAEL SHONSTROM, GVC Capital (11/08/2010)
"Ur-Energy management expects Uranerz's (URZ) Hank and Nichols projects to be next in the approval cue followed shortly by the company's Lost Creek mine. . .Q311 is now seen as the probable start-up date for site work with uranium extraction and processing beginning in 2012.

Uranium Stocks continue to have strong stock market. . .additional upside price movement for these stocks is possible. We continue to rate the stock a Speculative Buy and have raised the price target to $2.00. The shares of the company sell at a significant valuation discount when compared to other junior mining concerns on a Price/Book and a Price/Cash basis. Moreover, the recoverable uranium of Ur-Energy's Lost Creek NI 43-101 delineated in situ resource is larger than those to be initially permitted by Uranerz and Uranium Energy, while Uranium Resources, who will use traditional extractive mining technology we believe to be many years away from production. At $2.00 per share the stock would continue to sell at a large discount to its peers."

 PRINT THIS PAGE   EMAIL THIS PAGE

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: