Target Energy (TEM.V) has a market cap of only $7.7 million with a non-compliant historic uranium resource of 10.98 million lbs. in the Shirley Basin, Wyoming.
Click to continue and listen to an interview with Mark Morabito.
Sabrina Reid of Scott F. Gibson and Company sent me an email with some good information:
Currently I work with a company which I believe you are familiar with, Target Exploration (TSX.V:TEM). The company released Uranium results this morning from their Sinbad property in Utah.
Highlights of Target’s news include:
0.10% eU3O8 over 1.4 feet (194.5m
-- 195.9m) and
1.07% eU3O8 over 1.6 feet (203.6m
-- 205.2m) in hole SB-07-13 and
0.11% eU3O8 over 1.3 feet
(174.3m to 175.6m),
0.12% eU3O8 over 2.6 feet (177.9m
to 180.5m) and
0.28% eU3O8 over 4.9 feet (181.5m
-- 186.4m) in hole SB-07-14.
We have put together a comparison document (attached) showing how undervalued Target is right now compared to its peer group, based on market cap, resource, shares outstanding, etc.
Here is a great website for those interested in technical analysis of uranium stocks.
Cape Spear, NL is the easternmost point of North America. By turning my back to the Atlantic Ocean I was able to face all of my subscribers at once!
Just finished my presentation on "Investing in Atlantic Energy" at the 2007 Resource Investor Forum in St. John's, NL. The Central Mineral Belt of Labrador has some very interesting uranium companies actively proving up resources (over 100 million pounds so far) and the market is valuing the players at around $1 billion so far. Most of these companies are well off their highs and look very interesting right now. More posts to follow.
Here is recent interview with Al Korelin for the Korelin Economics Report done at the Las Vegas Hard Assets Conference (I mispronounce BlackRock Ventures as Blackmont...oops) and make a general case for buying uranium stocks on the cheap.
Mawson has 5 advanced uranium projects with pounds in the ground.
Mega Uranium is active in Austalia, Canada, Mongolia, and Argentina. Globally diversified, use local expertise and they have $120 million in cash. Market cap is roughly $5 and 600 million
Uranium exploration in Guyana. Market cap is $45 million and they have $25 million in CASH!
Strong management with a discovery on their North Shore property in Quebec.
Dev Randhawa, President of Strathmore Uranium, CEO of Pace Energy, and acting CEO of Fission Energy (FIS.V). Dev sees value in Fission!
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