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Laramide Resources Ltd T.LAM

Alternate Symbol(s):  LMRXF

Laramide Resources Ltd. is a Canada-based company, which is focused on exploring and developing uranium assets in Tier-1 uranium Jurisdictions of Australia, United States and Kazakhstan. The Company’s portfolio comprises predominantly advanced uranium projects. In Australia, its 100% owned Westmoreland Uranium project is located in northwest Queensland and covers over 548.5 square kilometers (km2). Its tenements are contiguous and are located as a group approximately 400 km north-northwest of Mt Isa. The Murphy Uranium Project consists of 683.5 km2 of granted exploration tenure, which lies contiguous to and along the strike from its Westmoreland Project in northwest Queensland. In the United States, its assets include the Crownpoint-Churchrock Uranium Project, La Jara Mesa project in the Grants mining district of New Mexico, and an underground project, called La Sal, in Lisbon Valley, Utah. In Kazakhstan, the Company is exploring over 6,000km2 of the prolific Chu-Sarysu Basin.


TSX:LAM - Post by User

Bullboard Posts
Comment by VentureTrader1on Mar 19, 2018 5:46pm
127 Views
Post# 27742753

RE:RE:Worst of a terrible sector

RE:RE:Worst of a terrible sectorThat's REALLY dubious 'analysis.  More wishful thinking than anything.  There's enough uranium supply to keep everybody running for probably 3 - 5 years.  So regardless of how long it takes to bring new production on, you can bet 100% that nobody's going to be prudent enough to allow lead time, which means the inevitable uranium bull market (and yes, I agree it's inevitable) is probably 3 - 5 years out.  Think these guys can survive 3 - 5 years?  Want to tie up money in a dead penny stock for 5 years on a bet that maybe they'll be able to stay solvent that long?
Bullboard Posts

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