Uranerz Energy Corporation led the pack as uranium stocks continued to show signs of improving. The table above shows a short selection of those stocks doing well, lets hope that it continues this way.
Uranerz is a U.S. mining company focused on near-term commercial in-situ recovery ("ISR") uranium production, and is currently constructing its first ISR mine in Wyoming. ISR is a mining process that uses a "leaching solution" to extract uranium from sandstone uranium deposits; it is the generally accepted extraction technology used in the Powder River Basin area of Wyoming (ISR comprised 41% of world uranium production in 2010). The Company controls a large strategic land position in the Pumpkin Buttes Uranium Mining District of the central Powder River Basin of Wyoming. Uranerz' management team has specialized expertise in the ISR uranium mining method, and a record of licensing, constructing, and operating ISR uranium projects. The Company has entered into long-term uranium sales contracts for a portion of its planned production with Exelon and one other of the largest nuclear utilities in the country.
Casper, Wyoming, January 18, 2012 -- Uranerz Energy Corporation is pleased to report that it has received good uranium grades in holes drilled for well-field installation. "Although we were aware of the grade of mineralization in Production Area 1 from our previous exploration and delineation drilling, we are very pleased to find the level and extent exceeds our original expectations", said Kurtis Brown, the Company's Sr. Vice President, Geology and Development.
The Company began installing production wells at its Nichols Ranch ISR Uranium Project in Production Area 1 on December 5, 2011, after completing the installation of monitor wells. Drilling began with three rigs and ramped up to six rigs by months end. A total of 34 production well casings had been installed through January 12. The wells are being installed in modified 5-spot patterns. Before casing, the Company uses geophysical technology to log each hole drilled to determine the productive zone at each location. The northern end of Production Area 1 is located in the 'nose' area of the Nichols Ranch permit boundary.
Uranerz Energy Corporation is listed on the NYSE Amex and the Toronto Stock Exchange under the symbol "URZ", and listed on the Frankfurt Stock Exchange under the symbol "U9E".
Regarding www.skoptionstrading.com. We are off to a good start with our three positions showing profits of 62%, 26% and 2% on Wednesday, moving higher on Thursday to show profits of 67%, 30% and 6% respectively.
So on Friday we closed two of these trades, the first gave us a profit of 71.58% and the second gave us a profit of 33.97%.
Its nice to bag a couple of winners before January is out and hopefully 2012 will continue in a successful manner. We do have a number of ideas on the drawing board which we are looking to execute shortly, but only when the risk/reward environment is firmly in our favour.
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Our performance stats have now been updated as follows:
Our model portfolio is up 446.55% since inception
An annualized return of 98.38%
Average return per trade of 36.68%
96 completed trades, 88 closed at a profit
A success rate of 91.67%
Average trade open for 50.48 days
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