Strathmore: Uranium Stock to Follow

Mickey Fulp, Mercenary Geologist (12/17/2010)
"Strathmore Minerals is a continuing sponsor, first reported on privately in July 2007 and December 2007, publicly in early March 2009 and lastly in early April 2010 (Mercenary Musing, April 7, 2010) when it monetized a Wyoming project for $20 million and a 5% NSR. I have spent considerable time examining its two flagship projects. STM is on schedule and under budget with mine permitting and has started a bankable feasibility study at Roca Honda, New Mexico. Baseline studies and permitting activities also are progressing in the Gas Hills, Wyoming. Its efforts to monetize seven other uranium development projects continue with a recent 43-101 resource estimate at the Marquez deposit in the eastern Grants Mineral Belt. . .I expect uranium prices to go higher and uranium stocks to follow. There is lots of pending demand for the other yellow metal for the next decade and beyond."

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