Doubling in ValueThis stock has already doubled in value in the last month, and that was on relatively low volume and uncertainty to the response of being newly traded on the TSX-V.
In a shrewd move, Shoreham has the option to earn a 70% interest in the Bear Head Lake Property, optioned from Rampart Ventures Ltd, by paying $10,000 upon closing of the agreement and an additional $20,000 annually on February 1 of 2008, 2009, and 2010.
The Bear Head Lake property covers prospective uranium targets which were previously explored in 1955 through 1977 including a reported 29,871 feet of drilling by Kerr Addison Mines Limited and Dolores Branch Resources in 1977. Uranium is reported to occur in pegmatite bearing zones, altered granitoid rocks and migmatites along a major structural break called the Bear Head Lake Fault.
This means that for very little investment, Shoreham is getting a known source of uranium. Any news of extraction will make this stock soar.