What I bought. Interesting stock. 10 bagger?Bought 100,000 shares of URST @0.40 A stock that could easily hit
$4/share and possibly even $40.
Our Sagar property covers an area of approximately 50 square kilometers and has multiple Uranium and Gold showings on surface including The Mistamisk Boulder Field which is 500m by 250m in size with hundreds of mineralized boulders. The average of 70 boulders that were assayed was:
1.3% Uranium and 2.1oz/t Gold with values ranging as high as 16.5% Uranium & 20.7oz/t Gold. Insider acquistions of options is not involved in this. What I was referring to is that the boulders had values up to 16.5% Ur and 20.7 oz/ton gold. Those are mind boggling values. Even 1.3% Ur is outstanding. If our drilling has intersected and located the bedrock source than the drillers and insiders and their families and friends might be buying stock prior to any announcement.
Also we have the option to earn a 50% undivided interest in Temex's 100% owned Merico Ethel and Yarrow gold-copper-uranium properties. The Merico Ethel property, situated near the northern margin of the Paleo-Proterozoic Huronian sedimentary basin, which has recently been recognized by the Geological Survey of Canada for its high potential to host "Athabasca-type" unconformity-associated mineralization (Jefferson et al., 2007), is also host to near-surface uranium mineralization and extensive areas of hematite alteration with grab samples yielding assays up to 1.56% U3O8 and 14.64% Cu. The property also hosts a variety of styles of mineralization including several narrow zones of high-grade, "Cobalt-type" vein systems containing copper, gold, silver, and cobalt mineralization, from which grab samples include assays of up to 22.35 g/t Au, 109.60 g/t Ag, and 23.68% Cu.
So even if insider buying isn't involved in the recent volume and price increase, over the long term, this is a great buy.