Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Fronteer: A quick update | Main | Cameco Corp »
Saturday
Jul152006

Fronteer Development Group

FronteerLogo

Excuse the pun but we believe that the Uranium sector is one the hottest to be in right now. And one of our favourites is Fronteer Development Group, Inc.

Their management team exude the excitement of an olden days pioneer as they race to find tomorrows history making deposits. This is an exploration company, which is also quite aggressive in the area of acquisitions. By taking positions in other exploration companies it is spreading its chances of a major success. For example, Aurora Energy Resources Inc., that Fronteer has a 49.3% stake in, has reported new wider and higher-grade drill intersections that expand in to the heart of the Michelin uranium deposit. Recent results show the best grade-thickness intervals ever intersected at Michelin, all within 420 metres of surface. Very promising indeed.

Their team of Ph.D. qualified geologists employ a system developed in-house which allows them to identify the most promising target sites and to then assess and quantify the magnitude of the resource, thus raising the level of confidence in the potential value of the find.

FronteerLogo2

Geo-politically, Fronteer are actively involved in exploration projects in Canada, Western Turkey, and Mexico, also ideally placed to identify and target new opportunities in these areas. This is the sort of exposure that we are looking for, diverse but politically a good environment in which to conduct mining.

Fronteer’s current price is around $4.70 and its Market Capitalisation is $226.0 million.

From the graph below we can see that this stock has bounced from its 220 day moving average and has made a strong recovery.

FRGchart1

The stock price may retract a little from here, however we are buyers at this level and will hold in anticipation of much higher stock prices.

Fronteer trades on the TSX under the symbol of FRG and on the AMEX under the symbol of FRG and is currently trading around $4.70.
14 July 2006

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>