TSXV:VEC.H - Post by User
Post by
TFalc04on May 21, 2009 12:26pm
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Post# 16006499
urc/ure
urc/ureI am not here in an attempt to bash or pump but..
I have been looking at URC the past few weeks. I do like their potential, and the fact they are in Quebec. I just compare it to URE which has 200 million pounds of uranium in wyoming. it is also on track for production late 2010. it is currently trading at 1.22 with similiar o/s as URC. I think URE is a more viable take out option, or at least will take off prior to URC as it is quite a bit farther along bringing the deposit to production. I fully intend on investing in URC shortly, but it will be more of a longer term hold. like the other poster mentioned it may be 2-3 years before a multiy bagger (or retirement lol) If you are interested in the uranium sector i suggest you look at URE (also fully funded till production). URC will need a buyout, jv, or pp to get this baby to production. That being said you will make money off this play that I am sure of.