GREY:STHJF - Post by User
Comment by
b00gn1shon Jul 02, 2008 8:49pm
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Post# 15251837
RE: strathmore
RE: strathmoreI am not 100% on this, but Strathmore has a lot of property, and has been accumulating claims for many more years than most of their peers of a similar size. So my presumption would be that they are farming the claims out to JV partners, and taking cash and shares in exchange for a percentage of the claim and bypassing some initial exploration costs. I have traded STM off and on since 2005, and this is the first year I've not sold in May. Bought in near current prices. It's good for at least a double from these prices. Uranium sector has been rock solid during the most recent market sell-off, perhaps because U spot prices stopped going down.