URZ: Access (Almost) Granted

GEORDIE MARK, Haywood Securities (01/25/2011)
"The NRC's announcement yesterday that there are "no major environmental impacts that would preclude licensing the Nichols Ranch uranium recovery project" is a very positive step toward fully permitting the project, and further de-risks the potential operation. A SEIS is the last formal document required before the NRC can issue a Source Material License (SML), the project's final license required ahead of construction, which we expect in later February. . .We are increasing our target price. . .[and] retain our SECTOR OUTPERFORM rating and SPECULATIVE RISK profile."

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