(1888PressRelease)
April 19, 2006 - Sprott Asset Management Market Strategist Kevin Bambrough told StockInterview.com, “With the passage of time, the guys with the real resources, who can also develop them and produce, are going to do well.” He confided, “We only own a really select few, probably just over a dozen (uranium stocks).” He added, “We have some explorers, we have some producers and we have some, what we believe to be emerging producers and we’re sticking with that mix.…we’ll be helping to finance some (of these companies) all the way to production.”
Bambrough told StockInterview, “From where I sit, Energy Metals (TSX: EMC) was one of the companies to get in there early, and pick up a lot of known resources and databases. I think they’ve done a great job of doing exactly what they said they were going to do. We started funding them in the early days. Those are the (types of) companies I want to stick with.” Others Bambrough named included Strathmore Minerals (TSX: STM; Other OTC: STHJF) and Tournigan (TSX: TVC). Of Strathmore, Bambrough said, “I think, at some point, someone is going to want to cut some deals with them, or they’re going to just keep chugging along and bringing things forward.” He added about Tournigan, “I think the story just keeps getting better as we look more into what they actually may have in these properties.”
Spot uranium prices are now at a 26-year high, and many believe uranium prices will head higher in the coming months ahead. A positive shift in public perception about nuclear energy has been helping to drive uranium prices to higher levels
About StockInterview.com StockInterview.com is an internet news website bringing the latest investment trends, from developments in the uranium and coalbed methane sector to biotech breakthroughs. Please visit http://www.stockinterview.com/bambrough2.html to read James Finch’s entire two-part interview with Sprott Asset Management Market Strategist Kevin Bambrough, entitled (Part One) “Explosion in Nuclear Energy Demand Coming” and (Part Two) “Which Uranium Companies Are Leveraged for Increased Nuclear Energy Demand?”
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