AJ I don’t think we will see another Ext any time soon; however you are correct, the Uranium sector is yet to mature and a selection of stocks still look attractive. We are a little wiser so our investment funds should be proportionally spread over a range of (producers, advanced developers, and explorers)
my preferred group in order are:
ERA, (Cheap, immediate cash flow, they will soon get their act together, huge potential resources once terms of Native title agreed, T/O target from biggest s/h Rio) plenty of upside once U prices improve.
PDN, (burdened with Debt but immediate cash flow, production issues largely sorted out, good level of resources in a number of countries, T/O target from majors, plenty of upside once U prices improve.
PEN, (development progressing, easy mining technique, low capex, will be producing at the right time.
BMN, (Cheap, plenty of upside potential once U price improves to say $75/lb, my target price is 1.50-2.20, also a T/O target.
Others, on my invest list are: URANEX, GGG, SHE, TOE, ACB, DYL, NRR, BKY.
Raising capital for most of these will be a challenge but with the U price expected to increase 2013-2016 these are positioned for some good gains.
Other sectors in my portfolio are: Coal, Rare Earths, Potash, and Copper.
Cheers Huckle
EXT Price at posting:
$8.57 Sentiment: LT Buy Disclosure: Held
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