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Thanks to Uranium Junkie for this artcle on the Uranium Thread....

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    Thanks to Uranium Junkie for this artcle on the Uranium Thread. In relation to ERN, I like this paragraph:

    "StockInterview’s primary focus has been upon those companies which are highly likely to mine U.S. uranium by the time the HEU-LEU agreement expires in 2013. Those will attract the most interest from Wall Street. Exceptions could be those with promising projects in Namibia (which is now being over run by uranium exploration companies) and one or two other places. The rest could fall by the wayside in blink."

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    http://www.stockinterview.com/News/05142007/Wall-Street-Uranium.html


    May 14, 2007
    By James Finch



    Wall Street Could Soon Rush into Uranium Mining Stocks

    ‘About One to Two Years behind Canada’



    Raymond James Uranium Conference accelerates Wall Street’s interest in uranium mining companies.


    COPYRIGHT © 2007 by StockInterview.com, Inc. ALL RIGHTS RESERVED. Reproduction of any of the material contained in this article, by email, Internet posting, telecopier or other means, is strictly prohibited and may violate copyright law and be subject to legal prosecution. Fair use quotation of 50 words or less accompanied by attribution to StockInterview.com is permitted by recognized and accredited media. Written authorization for any reproduction by others must be obtained in writing from [email protected], prior to publication.

    Sometimes, it’s the most obvious point you overlook.

    In a brief interview we had with University of Montana professor of mining engineering Courtney Young, this past February, he encapsulated the entire problem facing the uranium mining and nuclear sector in a few powerful words, “The public doesn’t know where their energy comes from.” He told us most people just think you just plug the ‘thing’ in and it works. And he was referring to highly educated college students, not the chefs in fast-food joints.

    This observation may very well apply to many Wall Street and Main Street financial institutions. Slowly, they are beginning to realize from whence comes the electricity that powers their quote machines.

    It is especially interesting that New York City Mayor Michael Bloomberg is paying attention. Late this past week, the honorable mayor and founder of the news service which bears his name, presented his thoughts on a national energy policy in Houston and Oklahoma City. In addition to bashing corn-based ethanol (which he believes is inferior to sugar-based ethanol as we pointed out in a recent article), Mayor Bloomberg demonstrated he is pro-nuclear. He announced the U.S. needs to construct more nuclear power plants to reduce air pollution and global warming.

    With the commencement of NYMEX uranium futures swaps (not physical trading of U3O8), a new generation of Wall Street analysts, executives and stockbrokers have begun paying more attention to this exotic metal and important energy source. The record high uranium price has also caught their attention. According to both subscribers and mining insiders we’ve talked with, many U.S. analysts and stockbrokers couldn’t even spell the word ‘uranium’ six to twelve months ago. We suspect many thought it was something awful which Iran had, but shouldn’t be allowed to own.

    Now these same people are asking the same questions Canadian analysts asked about two years previously. “The U.S. financial guys are between one and two years behind the Canadians, probably less than two years,” Strathmore Minerals president David Miller told us on Friday. Miller had just returned from presentations he made at the Raymond James Uranium Conference in New York City, this past week.

    Miller and others who attended Raymond James’s ‘Uranium Introduction to Wall Street’ were overwhelmed by the strong level of interest from Wall Street’s financial professionals. There was neither a scarcity of attendees nor sufficient hours in the day to fully devote to each institution with questions. From what we gathered, in conversations with those attendees who shared with us, the line-up of blue-chip names eager to participate in the uranium mining sector was impressive.

    While NYMEX uranium futures aren’t really having much of an impact on the uranium price or transparency thereof, it has attracted Wall Street’s eyeballs. And with this interest, investment funding should likely find its way into uranium mining sector.

    We believe Wall Street firms are unlikely to finance the horrific number of exploration companies lacking substance, promising property and/or technical expertise. Most don’t really have a game plan.

    StockInterview’s primary focus has been upon those companies which are highly likely to mine U.S. uranium by the time the HEU-LEU agreement expires in 2013. Those will attract the most interest from Wall Street. Exceptions could be those with promising projects in Namibia (which is now being over run by uranium exploration companies) and one or two other places. The rest could fall by the wayside in blink.

    Rated uranium companies featured at the Raymond James conference on May 8th included Denison Mines (Outperform; price target: C$16.50), Energy Metals (Strong Buy; price target: C$17.70), Strathmore Minerals (Strong Buy; price target: C$5.60), and Uranium One (Strong Buy; price target: C$21.25). Raymond James mining analyst Bart Jaworski and Taylor MacDonald supplied the ratings and price targets for the Wall Street analysts.

    It may be premature for those investors expecting Wall Street’s entry to signal the end of the uranium bull market. When it comes to grasping the basics and nuances of uranium mining, there is a learning curve. Further knowledge will be required before many can honestly appraise the more promising uranium projects in each company’s portfolio. But at least this process has now begun.

    Prior to the Raymond James Uranium Conference, we were asked through intermediaries to provide a few copies of StockInterview’s Investing in the Great Uranium Bull Market. With our compliments we donated 75 copies to help launch the educational process for many of Wall Street’s finest. Reportedly all 75 copies were snapped up within minutes.
 
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