DESCRIPTION: Strathmore's goal is to become a leading uranium producer in the United States. The company has focused on advancing two core uranium development projects towards production: Roca Honda in New Mexico, which is joint ventured with Sumitomo Corp of Japan, and the Gas Hills in Wyoming. In October 2009, the Roca Honda Joint Venture submitted its mine permit application, which was later deemed "administratively complete" by the regulatory agencies. Roca Honda is the largest uranium mine development proposal in the United States in over 30 years.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Strathmore Minerals Corp. is focused on advancing the Roca Honda Uranium project into production. Roca Honda is one of the largest, planned uranium mines in the United States in over 30 years. Roca Honda has NI 43-101-compliant M&I resources totaling 17.5 Mlbs. U3O8 and inferred resources of 15.8 Mlbs. U3O8. Production is targeted for late 2013 and mine life is currently estimated at approximately 20 years. The company is also working to advance its Gas Hills, Wyoming projects towards production.
STM is in a solid cash position with about $25.5M, or $0.29/share, in the bank. Based on our valuation, and review of the company's projects, we initiate coverage on STM with a BUY rating and a fair value of $1.14/share. We believe it is a good time to invest in uranium companies."
Karl Loomes, Proactive Investors (07/27/10)
"Strathmore confirmed the latest NI 43-101-compliant resource update for [its] flagship Roca Honda Uranium Project. . .the report confirmed mineral resource figures previously collected and concluded 'there is very good potential to drill additional uranium mineralization'—a further signal Strathmore [is] on good course to develop one of the best and highest-grade uranium deposits in the U.S.
This latest report shows the potential for the Roca Honda Project and the added value it could bring to Strathmore as exploration and development continues. With the phased feasibility study underway [and] ongoing exploration activities to extend current resource estimates, there is a lot of potential for buoyant news flow for Strathmore over the next year or so."
Michael S. (Mickey) Fulp, Mercenary Musings
(07/26/10)
"Strathmore Minerals Corp., a continuing sponsor, [I] first reported on privately in July 2007 and December 2007, publicly in early March 2009 and lastly in early April 2010 Mercenary Musing 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."
The Energy Report Interview with Mickey Fulp (07/22/10)
"My favorite company for a long time has been uranium developer Strathmore Minerals. I call them a development generator. They have two flagship properties in the Grants Mineral Belt of New Mexico and the Gas Hills of Wyoming. They are a development generator because they're in the process of monetizing all their non-core assets, including seven other development projects in the Western U.S."
View Entire Article: Mickey Fulp: Solving the Uranium Price Puzzle
The Gold Report Interview with Peter Grandich (06/30/10)
"I think some companies in that space will be more than survivors. One is Strathmore Minerals Corp.—again, a client—which is developing some key assets. This one, in particular, in the U.S. looks more and more like it's going to be a producer."
View Entire Article: Peter Grandich Hunts for Treasures Beyond Gold's Glare
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