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Sarasota, FL, United States, 2006/09/21 - Top uranium forecaster and Sprott Asset Management Market Strategist Kevin Bambrough named his favorite uranium mining company in an interview with StockInterview.com about pricing developments in this sector..
In a taped telephone interview discussing the latest pricing developments in the uranium mining sector, Sprott Asset Management Market Strategist Kevin Bambrough told StockInterview.com, “Right now, Strathmore Minerals (TSX: STM) has got to be one of my top stock ideas. I think it’s one of the stocks that should be making new highs. I haven’t been more positive on Strathmore since the first day when we started buying it in our funds. I think it’s time for its next leg up.”
Bambrough explained his bullishness about Strathmore Minerals comes from another company’s joint venture with the Itochu Corporation, a Japanese conglomerate. Bambrough said of Strathmore, “They’ve taken the correct steps to permit some of the best properties – with good grades and some sizeable deposits – and bring up solid resource numbers.”
He explained the catalyst for excitement in New Mexico , which would impact Strathmore Minerals and others, is now taking place. “The region needs a mill,” Bambrough pointed out. “In the region is Energy Metals, and Laramide has some good property,” he added. “The bottom line is Itochu is partnered with Uranium Resources, the property is right next door to Strathmore Minerals, and Itochu knows they need to build a mill. And they want to have production by 2009. In a couple of months, that’s only two years away.”
For the feature article, entitled “Russians Expecting $100/pound Uranium" and which include the interview with Sprott Asset Management Market Strategist Kevin Bambrough, please visit our website.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. Over the past three years, the Internet news website has covered the nuclear energy renaissance, the worldwide uranium mining boom and the potential influence of alternative fuel sources on China’s dramatic economic growth.