StockInterview: How does nuclear power make you think about the impact of uranium mining? KevinYarbrough h: I think that, in time, all types of mines will be re-established in the United States. They will need to be provided. There is no other way. If you look at Energy Metals Corporation (TSX: EMC), part of their plan to start with other ISL projects, some of which will come in a fully licensed area.
Eventually, they will try to relocate to places like New Mexico, where I think in time, understanding will become more, and more people will be very busy in uranium mining. StockInterview: We now have ten times more uranium companies, some of which claim to be “uranium companies,” than when we first merged the uranium industry. How are you going to play this field? K e v i n Barbour r g h: It has been very difficult to try to track what everyone is doing in this space. At the moment, the uranium story looks very good.
It is too early for anyone to raise money, tell a story and do it well. It is unbelievable how the industry has performed this year. Over time, boys with real resources, who can develop and produce, will do well. Some guys will have to keep coming back to the market, raising money, raising money and embarrassing shareholders to try and get something. Well, there will be obstacles here and there that hit the big thing. It will give people hope but, that is not the way we want to invest that money.
StockInterview: Are uranium stocks depleted? Do we look like another train wreck like the online stocks of the last few years? KevinBamboo o u g h: Most of the shares in the uranium space, will not be owned. We have a really select few, maybe more than a dozen. We have explorers, we have other producers, and we have others, we believe we are emerging producers, and we stick to that combination. StockInterview: So what are your favorite companies? Kevin Bam states: Clearly, there is a lot of mud mimicking that happens in all areas of the mining business.
He talks to different people, they say, "Oh this is going to be high cost, that's going to be high cost, and our buildings are better than their buildings." From where I live, Energy Metals (TSX: EMC) was one of the first companies to arrive, and it took a lot of resources and information. I think they did a great job of doing what they said they would do. We started giving them money in the early days. Those are the companies (types) I want to stick to.
StockInterview: What do you like about Energy Metals? Kevin Bam b r o u g h: I am pleased to say that we are the largest shareholders in Energy Instruments, and I still love this story. Their latest presentation shows what the company will look like after fully completing the merger of Standard Uranium and Quincy Energy. The business involved in their launch shows that it has 236 million pounds of uranium resources, I believe, with a market capitalization of C $ 3 6 0 million worth $ 6 0 million. We are still shareholders of Paladin (TSX: PD N).
I think we have increased about 40 or 50 times in the first stock we bought. When you compare the two, you have a market value of almost C $ 2 billion in Paladin at 180 million pounds. If you look, you will see the real big movement in the stock market taking place, as Paladin begins to move closer to producing and signing contracts. Power Instruments now owns one-fifth of market capitalization and a fully licensed ISL facility down in Texas. They are in a position to sign contracts and move forward in production.
I think people will get up and start giving them a lot of debt. I think progress that allows for good will continue to happen in places like New Mexico. Obviously, Wyoming's product delivery center will make Energy Metals more efficient going forward. It would be good for shareholders if it repeats Paladin . StockInterview: He previously said it would "rule the mind" in New Mexico.
How does that affect energy instruments? Kevin Yarbrough: New Mexico is in the middle of an economic downturn, but I think the stock (Energy Instruments) will continue to function well as the regulatory environment continues to improve in the area. I have to contact Stratford Minerals (TSX: STM). We are pleased to see that they were releasing (National Instrument) 43-101 in their few locations (New Mexico) and showing an increase in stocks.
I believe they are doing some work right now on their Dieter Lake project up in Quebec that might be of interest. They have found great resources and resources. I think at some point, someone will want to cancel certain deals with them, or they will continue to bring things forward. How does that work? Kevin Yarbrough: Travel is growing into a full story. At first, when we got into this, it looked like a fair and interesting value to its gold prospects.
While they were fetching money from Slovakia, we sank. I think the story continues to get better as we take a closer look at what they can have in these buildings. They also brought in new recruits, which were the core of the Slovak uranium program years ago. He has joined the party and according to him (Jason district) is probably not just a three-kilometer strike but more than a 7 km strike. Current service estimates are based solely at a distance of 500 meters.
They will first come out and pierce it. I hope it can grow a lot. It is open again. There is also a good chance that this will be a large uranium region. They have found that there are many other purposes in this area, in the past. They will also try to achieve these goals. Slovakia is a large old productive country.
Most of its current energy comes from nuclear power. They have two other buildings in Slovakia with facilities. They will also play in the hope that they will show better marks and great resources over time.
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