Taylor says Northwestern to hunt down Nigerian uranium
2006-05-08 17:48 ET - In the News
Jay Taylor in the April 3, 2006, edition of Energy & Energy Technology Stocks, refreshes his recommendation for Marek Kretchmer's Northwestern Mineral Ventures Inc. at $1. Mr. Taylor told readers to buy the stock on March 1, 2006, at 90 cents. A $1,000 investment then is now worth $1,111. Since the last recommendation, Northwestern has bought the Irhazer and In Gall projects in Niger. Mr. Taylor describes the properties as "two of the most highly prospective and most unknown uranium targets in the world." Management has already started preliminary surface work. Mr. Taylor first recommended Northwestern when it looked as if the company would put the Firefly project into production very quickly. The Utah Bureau of Land Management, however, threw in some environmental hurdles. Mr. Taylor says that, thanks to sharp legal advice, management waited before buying the property. Northwestern currently has no environmental liability. The company is starting to drill its Waterbury uranium project in the Athabasca basin. A recent geophysics program delineated some exciting targets. The drills will evaluate unconformity uranium mineralization at less than 250 metres below the surface.
