Crosshair Commences Drilling at Juniper Ridge

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Crosshair Exploration & Mining Corp. (TSE:CXX,AMEX:CXZ) reports that drilling has began at the Juniper Ridge uranium project, Wyoming.

Crosshair Exploration & Mining Corp. (TSX:CXX,AMEX:CXZ) reports that drilling has began at the Juniper Ridge uranium project, Wyoming.

The press release is quoted as saying:

Juniper Ridge contains a historical geological resource of 5.2 million tons grading 0.067% U3O8 for a total 6.97 million pounds of uranium. The historical resource estimate was completed by AGIP Mining Company in 1986, prior to the implementation of NI 43-101 and is not compliant with current accepted reserve and resource classifications as set forth by the Canadian Institute of Mining and Metallurgy.

Click here to access the entire news release.

amex:cxzcrosshair explorationtsx:cxx
The Conversation (2)
Brad Ridge
Brad Ridge
05 Aug, 2014
If you really want a coal stock to follow look at Atrum Coal … ASX listed (ATU.ASX)… 1.6 billion tons of ultra high grade anthracite coal identified… anthracite selling for $200+/ton as a coke substitute… geology at surface located in BC, Canada… Will be the largest long term contract supplier of this grade coal in the world in 2-3 years….Market cap currently circa AU$260million… will produce initial 3 million tons FOB in 2016 = US$300 million pre tax earnings p.a. … ramps up to 5 million tons+ FOB from there (6.5mtpa port access already secured at Port Stewart). Apply any P/E you want to those numbers and ATU is worth absolute minimum 5x from here in quick time. Buy at AU$1.50!
Brad Ridge
Brad Ridge
05 Aug, 2014
If you really want a coal stock to follow look at Atrum Coal … ASX listed (ATU.ASX)… 1.6 billion tons of ultra high grade anthracite coal identified… anthracite selling for $200+/ton as a coke substitute… geology at surface located in BC, Canada… Will be the largest long term contract supplier of this grade coal in the world in 2-3 years….Market cap currently circa AU$260million… will produce initial 3 million tons FOB in 2016 = US$300 million pre tax earnings p.a. … ramps up to 5 million tons+ FOB from there (6.5mtpa port access already secured at Port Stewart). Apply any P/E you want to those numbers and ATU is worth absolute minimum 5x from here in quick time. Buy at AU$1.50!

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