shares magazine- buy recommendation

attached article in London trading mag today. Trading higher in London on better volume than usual.

After disappointing the market this year with a lowerthan-
expected resource at the Bir En Nar project in Mauritania, uranium exploration group Forte Energy (FTE:AIM) deserves a second chance as it gets to work on other projects in its portfolio. Buy at 4.55p.

Forte has this month started a new drilling programme at its A238 project in Mauritania. Chief operating officer Brad George claims this has 'far greater potential' for mining than Bir En Nar, as the uranium is near to surface, thicker in presence and the location is easier to mine.

French nuclear giant AREVA (CEI:PA) said in June 2008 it
would form a joint venture if Forte could prove by June 2010 it had at least 60 million pounds of uranium across its Mauritanian assets. Forte revealed this July its sole project with confirmed resources, Bir En Nar, only contained two million pounds.

A key problem was the six months it took to get drill samples processed due to the remote location of Bir En Nar, argued Forte, as it would have conducted more drilling to test a wider area had it known about the resource statement sooner.

The 27 million cap now believes it can get samples processed within three weeks. New mining projects by major companies have attracted laboratory companies to Mauritania, thereby having local service support.

Forte has also made plans to return to Guinea, where its biggest project has been left untouched for 18 months amid in-country political problems. It now feels comfortable stepping back into Guinea and is in talks with engineers, consultants and environmental firms to help develop Firawa, an 11.6 million pound uranium asset which Forte believes could be low cost to mine.

Shares says: With the uranium market set to be in deficit
from next year, any miner with an economical project will
be in demand. Buy.