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SGX Resources Inc V.SXR

"SGX Resources Inc is a Canadian company which is engaged in acquiring, exploring, and developing mineral properties in the Timmins region of Ontario, Canada. The company holds an interest in Timmins South properties, Timmins North properties, and other properties."


TSXV:SXR - Post by User

Bullboard Posts
Post by SurfForWealthon Jan 08, 2007 1:02pm
760 Views
Post# 11973464

Great buy here!

Great buy here!I more than doubled our stake in SXR this morning on this dip. The stock had already been underperforming other comparable U stocks recently. I do not believe that these Rio Tinto Sweetwater Assets were priced in very much as they were still not confirmed. It is a loss but looking at the existing assets, gold content, production growth profile, grades, cost of production and long life assets, I would suggest that SXR is now trading for about half the valuation of PDN. SXR has more pounds of U in the ground than PDN including inferred and is trading for half the market cap. They have comparable grades of about 0.08% U3O8. I had sold out of PDN recently near the highs. This is my chance to get back that U exposure at a much cheaper price. Cheers!!!
Bullboard Posts