The Energy Report
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 >
URG: Stock Price Ranked Among Leading Gainers in 2010
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MICHAEL SHONSTROM, GVC Capital
(01/10/2011)
"Shares of Ur-Energy gained 289.9% for the year making it the top-performing stock in Colorado: Beginning mid-year, the stock began to gather momentum when the company reached several milestones in its progression through the mine permitting regulatory process. At the same time, Uranium (U3O8) Spot prices also began to move higher rising 59.5% from a price of $40.75 at the end of June 2010 to $65. in the first week of January 2011. Recent exploration activity at the Lost Creek mine has defined uranium deposits at lower depths and additional roll fronts in the adjacent LC South area: Uranium mineral concentrations ranged from 0.033% to 0.067% at LC South and were 0.049% in the deeper Lost Creek strata. These concentrations compare to economically viable Los Creek permit area concentrations of 0.058%. While these new findings have yet to be certified as NI 43-101 compliant, the prospect of additional economically viable mineral resources further establishes the company as being in the front rank of development-stage producers. We are maintaining a Speculative Buy rating and raising the price target to $3.50. Based on the balance sheet as of 9/30/2010, plus the recent option exercise, this places the Price/Book multiple at 4.5x or half the valuation for its peer group and the Price:Cash ratio lower than all but one of the company's comparables." |
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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.
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 >