Of specific Australian stocks, Smith favors Compass Resources [CMR.AX], PepinNini Minerals [PNN.AX], and Curanoma Energy Limited [CUY.AX].
“Compass Resources could provide investors an interesting play in the Northern Territory as they are looking into spinning out their uranium properties into a new company,” Smith told StockInterview. “They actually have a deposit with 14.5 million pounds at a cut-off grade of 0.5lbs/ton U3O8 in the Northern Territory. Theoretically, they could be one of the first to bring on a new project.”
Smith remained committed to PepinNini Minerals. “This company could have the fifth mine after Uranium One [TSX: SXR] starts their Honeymoon Project. PepinNini could have some downward pressure in the coming weeks as 36 million shares came available for sale by the company’s executive.”
Rounding out his top Australian favorites, Smith said of Curanoma, “It has had a really nice run-up and has been one of the top performers in the Australian Index.” Smith also invests in both Canadian and Australian uranium stocks found in his indexes
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
