BlackmontBlackmont Capital analyst George Topping believes U3O8 is one of the few uranium explorers that is the real deal. The Post's Peter Koven writes that Mr. Topping thinks it is dirt cheap at current prices. Mr. Topping initiated coverage of the stock (UWE-V) with a "buy" rating and a price target of $1 a share, an implied return of 64% from the current level of 61¢. U3O8 has a large land position in the Roraima Basin in Guyana, South America, an area with proven geological potential and similarities to Saskatchewan's ultra-rich Athabasca Basin. "U3O8 has an existing resource of 6.4 [million pounds of ] uranium in two near-surface areas, Aricheng North and South. There is potential for this to grow much larger through additional exploration over the next two years," Mr. Topping wrote. He also cited a solid management team and a sizeable cash balance as reasons to like U3O8. His target of $1 is based on a cash value of 40¢ a share, plus a resource valuation of 63¢ a share. "While we may be early in recommending micro-caps, it is worth remembering that 14 months ago, U3O8 traded at $4.50 a share and was a $100-million stock," he wrote.