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« Mega Uranium Ltd: Acquires a peice of Khan Resources Inc. | Main | Mega Uraniun: A place in the sun »
Friday
Jul282006

Laramide Resources Limited

Of all the uranium stocks that are available this one has the potential to go ballistic.

LaramideLogo1


LARAMIDE RESOURCES LIMITED has shown a keen eye when on the acquisition trail, which we think, is paramount to success in this sector of the market. As the world realises that the future is clear: NUCLEAR, those with a foot on the supply will be the outright winners in the energy game.

Their involvement in the nuclear industry is to explore and develop mineral deposits in properties in British Columbia, Ontario, Mexico and Australia.

These projects are in good areas geographically and are stable geopolitically, which matches our investment criteria.
As far as we can ascertain Laramide has approximately 60 million pounds of U3O8, not bad at $46.0 per pound! Throw in the exciting exploration projects, and we have the potential to double these known resources. Should the price of uranium continue on its merry path northwards then this company is well positioned to become a star amongst uranium stocks.
One of this companies major assets is the Copper/Gold/Uranium Project in Australia, known as Westmoreland. This site has a large existing inferred resource of 17 million tons averaging 1.2 kg/ton of U3O8, one of the largest deposits in Australia. (Not yet 43-101 compliant)

Laramide has purchased 4 advanced Uranium projects located in the USA, from Barrick Mining. The La Jara Mesa Project contains 8 million pounds of U3O8 located in the Grants mining district of New Mexico. Permitting is underway, soon to be followed by production, all exciting, positive progress.

Funding in the order of CAD$ 14.0 million has been raised so we know that this company has the credentials to raise capital, which is a reassuring sign.
Currently trading on the TSX Venture exchange under the symbol of LAM, at around $5.78, which we see as a good entry level for us.

The chart below is interesting, we could be in for a nice bounce sooner than we think!

Laramide28Jul06


Always do your own homework and look for good management teams, solid properties, a little acquisition activity and a dash of aggression, before you put your money on the table.

28 July 2006

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