Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUD

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.

TSXV:PTU - Post by User

Purepoint Uranium Group Inc

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Comment by PositionTradeon Feb 12, 2011 9:35pm

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Post# 18124341

RE: PTU one of the best Venture stocks

Although I am quite long on PTU, I sill don't think it is the best in TSX-V. RGX.V is much better. Why? Because PTU has not found meaningful resources yet, although it is hopeful, and RGX has world-class Titanium/iron/Ven resources and innovative tech to produce all three metals in a highly effective, and highly cost-efficient way.

I guess that is why some insiders put 2m shares to cap PTU at 0.64/sh, because ( I guess) theyt don't want to see PTU run ahead of itself, and they may want ( I guess) to financing at 0.50/sh.

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