Roulston says why to buy Uranerz Energy
Roulston says why to buy Uranerz Energy
2014-01-20 20:01 ET - In the News
Lawrence Roulston, in the Jan. 14, 2014, edition of Resource Opportunities, tells readers why to buy Uranerz Energy Corp., recently $1.46. Mr. Roulston said buy three times from March 26, 2010, to May 24, 2013, at prices ranging from $1.35 to $1.84. A $1,000 investment for each of the three buys is now worth $2,852. Uranerz hopes to start production by April at its Nichols Ranch uranium project in Wyoming. It has facilities and sales deals in place, and is now waiting on the results of an inspection by the U.S. Nuclear Regulatory Commission, which should finish its review in the next couple of weeks. The company expects to start production immediately thereafter. It will use Nichols Ranch's facilities to develop satellite deposits on its extensive landholdings, which hold 13 million pounds measured and indicated and three million pounds inferred in six occurrences. Mr. Roulston is a fan of new president and chief operating officer Paul Goranson, former president of Cameco Resources, the U.S. unit of uranium giant Cameco Corp. Between Mr. Goranson, near-term production at Nichols Ranch, and improving market sentiment toward uranium and resources in general, Mr. Roulston expects Uranerz's shares to move much higher.