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17.05 CIBC: Analyst Confirms Price Target of US$5.60 for UEC Dear Shareholder, Ian Parkinson of CIBC World Markets Inc., the investment banking division of leading Canadian bank, Canadian Imperial Bank of Commerce, has issued an updating analyst report on UEC following the Company’s project and corporate update released on May 4th, stating: “Sector Outperformer…12-18 month; Price target $5.60… “With enough cash, full permits for the Palangana project satellite facility, and 100% ownership of the Hobson central processing facility, UEC is poised to become America's next uranium producer… “UEC has $26MM cash after the sale of a 49% interest in the Cebolleta project. This is more than enough money to get the Palangana project into full production. Cash flow from this operation should offset some of the capex required for building the Goliad satellite facility and wellfields... “Drill results point to growing resource at Palangana…We expect an updated resource calculation in the second half of the year.” For more information, please email info@uraniumenergy.com or give us a call at 1-866-748-1030. Thank you, Uranium Energy Corp. About Uranium Energy Corp Uranium Energy Corp (NYSE-AMEX: UEC) is a U.S.-based exploration and development company with the objective of near-term uranium production in the U.S. The Company’s fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana is-situ recovery project, which is fully permitted, and the Goliad in-situ recovery project, which is in the final stages of mine permitting for production. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. The Company is well financed to execute on its key programs. For further information about Uranium Energy Corp (NYSE - AMEX: UEC), please click: www.uraniumenergy.com or call 1.866.748.1030 |
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| aus der Diskussion: | Uranium Energy (UEC, A0JDRR) Price Target |
| Autor (Datum des Eintrages): | bonanzarad (17.05.10 15:42:56) |
| Beitrag: | 36 von 45 (ID:39532499) |
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