JOHN WILSON, Resource Capital Research
"Unor holds prospective ground in the Hornby Bay Basin and is progressing its strategic alliance with Cameco which took a 19.5% stake in Unor (at $0.40 per share 2Q06). UNI has an active exploration program planned for calendar 2007 (C$8m) with technical assistance from CCO – follow up drilling at Coppermine River and Asiak; and early stage and drill target definition work at all JV properties. Given its market cap of C$61m, backing of CCO, and large target prospectivity in relatively under explored basins, UNI is an interesting, albeit early stage portfolio addition. Its market cap. compares with BAY and PXP which are trading at C$154m and C$98m respectively."(3/26/07)

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