Uranerz Energy (URZ): Making Technical Breakout On Huge Volume
Indeed, one of our selections Uranerz (URZ) has already begun construction on its large Nichols Ranch property in the mining friendly state of Wyoming and is beginning a major breakout past $1.60.
Production is scheduled for the second half of 2012. Cameco has announced that they will be actively searching for North American companies on the cusp of production. Uranerz lies directly in the proximity of not only Cameco, but Uranium One as well in the Powder River Basin. Do not forget the Russians and Asians are donning cowboy hats in Wyoming looking for their next target.
Already, Uranerz has entered into a pact with Cameco to refine Uranerz’s production at its nearby Smith Ranch right down the road. Cameco has expressed its need for uranium ore especially out of Wyoming, where it has not met its production targets.