Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Energy

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.

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Purepoint Uranium Group Inc

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Post by drdiabloon Jan 14, 2010 1:51pm

591 Views

Post# 16679433

Does this thing have legs left?

I owned PTU back in the days of urania-mania, when it was selected by a panel of industry experts as the company most likelu to make a major discovery. I sold a long time ago and hadn't given it a further thought until recently.

Does this company still have potential? I believe that uranium will be back in the spotlight one of these days, and that the time to prepare for that is now. Anybody think this is a BUY? Any other U3O8 stocks that could spring back to life when the sector re-ignites?

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