With regards to Uranium stocks, I've watched the basic principles that PDN has set out. These principles where;
1. Find a resource. 2. Make it JORC compliant 3. Establish a guideline with the country/government to allow exportation of Uranium. 4. Sign up with major government players to lock in sales contracts with hedged/unhedged terms. 5. Come up with an overview to production requirements and CAPEX spend. 6. Raise capital to build production facility. 7. Build facility 8. Produce -
Langer Heinrich (PDN) started way back in 2003 - it was 0.02 per share. Now its worth around $6.50 per share.
OMC will take a year or so to build the facility, in 2008 when the spot price for Uranium is around the $US 100/lbs mark...
Get on board. Its not rocket science, but the stuff being sold will certainly rocket.
OMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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