Sell-off courtesy of Japan's Earthquake, and fall in U Prices, they are stabilizing at the moment. |
Reasons to like Strathmore
- Their Roca Honda, New Mexico property, is arguably the best undeveloped underground uranium deposit in the United States.
- They are proceeding with mine permitting at Roca Honda and in the Gas Hills of Wyoming, where they have the commanding land position for conventional open pit uranium development.
- In addition they have another eight development projects. They had 10 a few months ago and they've monetized two of those.
- The company has every intention of monetizing its other development properties in New Mexico and Wyoming.
- Strathmore has $29 million of working capital and is absolutely the most undervalued uranium developer on any North American exchange.
- With a market capitalization around $60 million, $29 million working capital and 125 million pounds of uranium resources, I think Strathmore is a no-brainer at $.85.
- Short-term target 1.6
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