Tuesday, February 28, 2006

Feb 28 Uranium Stocks Update: Urasia Energy (CVE:UUU )

Preface: uranium oxide price increased another $0.25 to $38.50/lb

All four of my uranium picks gave presentations today at the 2006 Global Resources Conference.

Interesting Tidbits

Urasia (UUU.TO)
(1) Kazatomprom, the state-owned company cooperating with Urasia in their joint ventures, actually owns 4% of Urasia.
(2) UUU.TO has enough cash to fund its developing projects in South Inkai and Kharassan. UUU.TO will not need to raise any more money until 2008.
(3) Urasia is looking to acquire more uranium assets in Kazakhstan, areas already explored by Russia in the past but not developed.
(4) total tax take will be 42% for its uranium mining.


Blogger charlottebandit said...

Could you explain "(4) total tax take will be 42% for its uranium mining." for me please? I'm not understanding that.


8:17 PM  
Blogger pragmatic_1 said...

Thanks for the update and the link. Will definitely have to listen to the presentations!

9:05 PM  
Blogger collinsofsachse said...

The Nesbit conference is pretty decent http://events.onlinebroadcasting.com/bmoconferences/022706/index.php?page=redire ct

CCJ's Grandey specifically mentions that they are monitoring jrs in the Athabasca region for acquisition opportunities. Any thoughts?

2:40 PM  
Blogger Spelunca said...

(1) kazakhstan tax system is rather complex. since urasia's margins are so good, they will incur the top tax bracket, kinda like a super tax. 42% is just a way of simplifying the complicated #s urasia has to go through to calculate taxes owed

(2) CCJ acquiring eh? you surprised? =P

9:06 PM  
Blogger pragmatic_1 said...

I listened to the presentations for PDN, UUU, and SXR (didn't for IUC). I think all the speakers could have been more enthusiastic, but the one I seemed to like the most of SXR. I know you picked it behind IUC, but my own guts seems to tell me that I should like SXR over IUC.

7:33 PM  
Blogger charlottebandit said...

I really like PDN & UUU, however their uranium grade is much lower quality than most of the Canadian lands.

Some have extremely high gradings.

I'm thinking that these companies will probably be acquired by a major (BHP because they have the most $$$ available, or CCJ).


I'm selling UREGF (Ur-Energy) and picking up Titan Uranium.

Selling NWTMF (Northwestern Minerals) and picking up 1/2 Alberta Star & 1/2 CanAlaska.

1:09 PM  
Blogger collinsofsachse said...

What's going on with Canalaska - aren't they an exploration company?

5:11 AM  
Blogger charlottebandit said...

This comment has been removed by a blog administrator.

6:11 AM  
Blogger charlottebandit said...

CanAlaska along with Titan Uranium are exploration companies. CanAlaska has a large portfolio of uranium deposits in the Athabasca Basin, although it hasn't been proven yet through a Feasability Study.

Strathmore Minerals (STHJF / STM.V) has the largest land holding of North America in the Athabasca Basin. They are getting on the ball with that while pushing heavily to complete the environmental studies (permit process) on (2) of their US holdings to begin production.

I'm pretty sure that CanAlaska deposits will be bought off by majors.

8:07 AM  
Anonymous gold nuggets said...

Good comments. But, I do not agree with most of them. People sure have a lot of time on their hands.

5:35 PM  
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8:04 AM  

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