Undervalued uranium************Here is another company that is valued way below what it should be...they are flush with cash(from insiderss) and president has been buying in the market...its got huge volume today and uranium results pending....ths company also also Molybendum properties and Moly is going to be the next Uranium.....check it out
The UNDERVALUED STOCK is a small Quebec exploration company called APPALACHES RESOURCES INC. I think this company has been largely ignored by the market and has many times the assets that Jetcomm (V.jtm)has and trades at only $.13-.14 cents/per share. I believe this company should be valued in the range of $.40-50 cents per share. They have close to $1 million in cash on hand which was recently invested by INSIDERS.
Below is synopsis of the company. Do your own DD and decide to buy or sell on your intuition:
Appalaches Resources Inc.: The Company is a junior mineral exploration company active in Québec. Robidoux gold exploration project in the Gaspésie area of Québec; Mont-de-l'Aigle copper exploration project in the Gaspésie area of Québec; Galloway and Ste-Cécile molybdenum exploration projects in the Lac Mégantic area of Québec; Lac Joseph molybdenum exploration project in the Maniwaki area of Québec. URANIUM assets in Godout Quebec.
AS one poster on the BB puts it:
Since last trading day of 2006, APP trading has been very strong. Increasing from 10 cents to ~12-12.5 cents with increasing support and increased volume relative to 2006. With uranium re-assay results due any day, CEO buying consistently on public market, and 10 million shares of PUM.v, 2007 could be a very good year for APP. JMHO
APP also has all of the below noted assets which are well beyond what JTM can even dream of having:
APP: URANIUM CLAIMS- Confirmed uranium in play
Ressources Appalaches (TSX VENTURE: APP) has received preliminary results from additional samples taken on it Ashini uranium property located north of the town of Godbout, Quebec. . The property is owned 100% by Appalaches and covers an area of 30 km2.
Three samples have delivered preliminary results in excess of a 500 ppm detection limit. The Company has accordingly increased the numbers of claims held in the project a total to 279 units over five properties covering approximately 160 Km2 in a new uranium exploration area
APP: MOLYBENDUM CLAIMSMolybendum is quickly becoming the next URANIUM play with demand from Asia RED HOT.
GOLD: APP holds a 40% interest in PUMA EXPLORATION(V-PUM) (10 million shares) who have an advanced stage gold exploration underway.
Very tighly held by insiders.