downstream offer from taurus, page-19

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