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« Rodinia Minerals Inc: Worth watching | Main | Uranium Participation Corp: On the Watch List »
Monday
Aug142006

Strateco Resources Inc.

Strateco Resources Inc.




Strateco resources Incorporated is a uranium and gold exploration and mining company preparing for take off.



Strateco Camp in the winter.

Having spent a few winters in Fort McMurray I know how tough it can be, but “no pain no gain” as they say.

One of the key factors when investing your hard earned cash is to look for a good management team. Guy Hebert and Jean-Pierre Lachance have over 60 years of experience between them along with impressive qualifications in Geology.

Most of Strateco’s activity is centred in Quebec which from a geopolitical perspective is about as safe as you can get.

The company owns 100% of five mining properties and has interests in 497 claims covering 20,000 hectares.

The company’s gold projects include Discovery, in which it has a 100% interest and is expected to produce approximately 255,000 ounces gold resources this year.

We have not made a purchase yet, but this stock is high on our Watch List. When an appropriate entry level shows itself we will be buyers.

The stock recently traded at $1.25 and can be found on the TSX trading under the symbol of RSC. It has recently traded as high as $1.65 and as low as a $0.80. The volume is good and provides liquidity and there was over a million shares traded on 11 August 2006. The market capitalisation is approximately $111 million.


Footnote:

We are actively researching many other uranium investment vehicles, not just uranium mines, however, there are many that are no more than shells with a bag full of stories. We do have a preference for a story with a little substance to it before we invest our money into it.

Our investment portfolio consist of only 4 stocks at the moment and they are:

Cameco Corp
Fronteer Development Group
Laramide Resources Ltd
Mega Uranium Ltd

Also see our reviews on this website.

However we are intent on expansion.

14 August 2006

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