DESCRIPTION: Strathmore's goal is to become a leading uranium producer in the United States. The company has focused on advancing two core uranium development projects towards production: Roca Honda in New Mexico, which is joint ventured with Sumitomo Corp of Japan, and the Gas Hills in Wyoming. In October 2009, the Roca Honda Joint Venture submitted its mine permit application, which was later deemed "administratively complete" by the regulatory agencies. Roca Honda is the largest uranium mine development proposal in the United States in over 30 years.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Strathmore confirmed the latest NI 43-101-compliant resource update for [its] flagship Roca Honda Uranium Project. . .the report confirmed mineral resource figures previously collected and concluded 'there is very good potential to drill additional uranium mineralization'—a further signal Strathmore [is] on good course to develop one of the best and highest-grade uranium deposits in the U.S.
This latest report shows the potential for the Roca Honda Project and the added value it could bring to Strathmore as exploration and development continues. With the phased feasibility study underway [and] ongoing exploration activities to extend current resource estimates, there is a lot of potential for buoyant news flow for Strathmore over the next year or so."
The Energy Report Interview with Mickey Fulp (07/22/10)
"My favorite company for a long time has been uranium developer Strathmore Minerals. I call them a development generator. They have two flagship properties in the Grants Mineral Belt of New Mexico and the Gas Hills of Wyoming. They are a development generator because they're in the process of monetizing all their non-core assets, including seven other development projects in the Western U.S."
View Entire Article: Mickey Fulp: Solving the Uranium Price Puzzle
The Gold Report Interview with Peter Grandich (06/30/10)
"I think some companies in that space will be more than survivors. One is Strathmore Minerals Corp.—again, a client—which is developing some key assets. This one, in particular, in the U.S. looks more and more like it's going to be a producer."
View Entire Article: Peter Grandich Hunts for Treasures Beyond Gold's Glare
The Energy Report Interview with Mickey Fulp (04/29/10)
TER: Considering supply and demand and geopolitical issues, which of these undervalued uranium companies represents good future potential?
MF: I concentrate strictly in North America and I invest in companies that operate in past producing and/or currently producing districts. In the U.S., I like companies operating in Wyoming and New Mexico because that's where the majority of uranium has been produced in the past and where current resources are likely to be developed. My favorite company is Strathmore Minerals Corp. They are in a bankable feasibility study at Roca Honda, New Mexico, which is arguably the best undeveloped underground uranium deposit in the United States.
They are proceeding with mine permitting at Roca Honda and in the Gas Hills of Wyoming, where they have the commanding land position for conventional open pit uranium development. In addition they have another eight development projects. They had 10 a few months ago, and they've monetized two of those. The company has every intention of monetizing its other development properties in New Mexico and Wyoming.
Strathmore has $29 million in working capital and is absolutely the most undervalued uranium developer on any North American exchange. With a market capitalization around $60 million, $29 million working capital and 125 million pounds of uranium resources, I think Strathmore is a no-brainer at $0.70.
View Entire Article: Mickey Fulp: Bullish on Uranium and Rare Earths
Michael S. (Mickey) Fulp, Mercenary Musings
(04/08/10)
"Today Strathmore announced the completed sale of its Pine Tree-Reno Creek ISR project in the Powder River Basin of Wyoming to Bayswater Uranium for US$17.5 million in cash, 4.2 million shares currently worth US $2.5 million, and a 5% gross proceeds royalty buyable for US $10 million. Note that STM now owns 19.9% of Bayswater Uranium shares and will participate handsomely in BYU's upside as the project is permitted and developed.
Both of Strathmore's flagship projects—Roca Honda, New Mexico and Gas Hills, Wyoming—are in the advanced permitting stage.
With a current market capitalization of about $60 million, the company is trading at about two times cash and, ignoring the cash position, the market is valuing its pounds-in-the-ground at 48 cents. . .Strathmore is severely undervalued compared to its peers in the Western United States.
I am a committed shareholder of Strathmore because of its flagship projects and its management and technical teams. Simply put, it has two of the best undeveloped, conventional uranium projects in the United States and the permitting, development, mining, and processing teams in place to successfully advance these projects to profitable mines."
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