Crosshair Energy Corporation is a mining company in the exploration stage. It has 2 properties in Wyoming,USA and Labrador, Canada, with uranium and vanadium deposits. Wyoming Juniper Ridge uranium indicated resource: 5.2 million lbs. Bootheel unranium indicated resource: 1.48 million lbs Bootheel uranium inferred resource: 3.13 million lbs Labrador
CMB Uranium indicated resource: 5.19 millions lbs
CMB Uranium inferred resource: 5.28 million lbs
CMB Vanadium indicated resource: 42.82 million lbs
CMB Vanadium inferred resource: 93.62 million lbs.
CMB JV uranium indicated resource: 2.33 million lbs.
CMB JV uranium inferred resource: 3.73 million lbs. Newfoundland Golden Promise: Inferred gold resource: 89,500 oz
Crude oil: $103/barrel V2O5: $5.6/lb Oustanding shares(fully diluted): 96.4 million Current price: 43 cents. Since last posting (http://thomas-rainbowdiary.blogspot.com/2012/03/stock-pick-crosshair-energy-corporation.html), there are no new info, but share price fell from 51 cents to 43 cents. Chart indicates a lack of interest and share price is now in oversold territory. What catalysts would change the outlook ? Moving into production will take a couple of years. A change in the price of uranium and vanadium can happen anytime. CXZ announced on 25 Oct 2012 that it entered into a letter of intent to acquire from Wealth Minerals (TSX: WML) properties in Argentina. Size of land is about 2,600 sq miles or 685,000 hectares. Consideration: C$1 million cash and 1 million CXZ shares to be paid over a period of 2 years. WML retains 1% royalty on the yellow cake and 1% royalty on other metals. Let's take a look at the 1 year chart, courtesy of Yahoo Finance