Saturday, April 14, 2007

Uranium Index, Week 13


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This week, the index started off the week by jumping up to new ATH's on news that the U3O8 spot price jumped up to $113/lb, but then proceeded to give back most of that initial one-day gain during the remainder of the week. Trend is still up, although next week there might be a continuation of this pullback, we'll just have to see how the market sentiment is at that time.
Other than that, there's nothing much else to report.

With the merger of SXR Uranium One and UrAsia all set to complete early next week, now is as good a time as any to update my Uranium index as follows:

1. Sell all of Urasia Energy (UUU.v)
2. Use 25% of the proceeds to buy Energy Fuels (EFR)
3. Use 25% of the proceeds to buy BaysWater Uranium (BAY)
4. Use 25% of the proceeds to buy PowerTech Uranium (PWE)
5. Use 25% of the proceeds to buy TriEx Minerals (TXM)

My uranium index now consists of the following component companies (listed in order of index weight):

1. Forsys Metals (FSY)
2. Laramide Resources (LAM)
3. UraMin Inc. (UMN)
4. Strathmore Minerals (STM)
5. Energy Metals (EMC)
6. UEX Corp. (UEX)
7. Uranium Participation (U)
8. Denison Mines Corp. (DML)
9. Strateco Resources (RSC)
10. Mega Uranium (MGA)
11. SXR Uranium One (SXR)
12. Ur-Energy (URE)
13. Khan Resources (KRI)
14. Paladin Resources (PDN)
15. JNR Resources (JNN)
16. Aurora Energy Resources (AXU)
17. Western Prospector Group (WNP)
18. Cameco Corp. (CCO)
19. Crosshair Exploration & Mining (CXX)
20. Energy Fuels (EFR)
21. BaysWater Uranium (BAY)
22. PowerTech Uranium (PWE)
23. TriEx Minerals (TXM)

Index Value: 27,624.88
Best Performers: MGA, KRI
Worst Performers: CXX, WNP

Index Performance:

Week 4:           +1.72%
Since inception: +36.60%

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