BLR 0.00% 0.2¢ black range minerals limited

slipstreaming uranerz, page-2

  1. 9,902 Posts.
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    Good research Kasparz and a great read, I especially like....

    "Investors generally miss the boat when evaluating the junior uranium companies. While many accept the fact that only a handful of companies should be producing uranium by 2010, very few understand U.S. and foreign utilities have been negotiating to buy this uranium from companies which have not yet obtained permission to mine those properties. After licensing is received, the stocks would likely soar if the spot uranium price is sustained above $50/pound. Many of these uranium development projects are reportedly economic at sub-$40/pound uranium. Last week, CIBC World Market set a price target of $70/pound on spot uranium for 2008, which should help boost the sector."

    "With a $10 to $30 profit spread per pound of uranium, Uranerz Energy could very well deliver promising future earnings."

    As you say, Black Range are being sucked along into this vortex and it is only ONE of their key prospects.

 
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