Wall Street News Alert Issues Special Alert on TTNC! April 8, 2008 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
SOURCE:
Wall Street News Alert
2008-04-08 05:33:00
Wall Street News Alert Issues Special Alert on TTNC! April 8, 2008
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL–( EMWNews – April 8, 2008) – Wall Street News Alert’s “stocks to watch” this
morning are: Tecton Corp. (
Mobil Corporation (
Yesterday there was a string of important news from Tecton Corporation
(
closely. Yesterday the company issued a press release announcing that it
has been rated Speculative Buy with a price target of $2.50 by Beacon
Equity Research Analyst, Victor Sula, Ph.D.
This should be great news for TTNC! In the report, the analyst writes,
“Based on the area’s adjacent reserves, we believe the company has a good
chance of recovering economically viable uranium resources through its
planned drilling program. Assuming even a modest 20 percent chance of
successful uranium finds and potential reserves comparable to adjacent
properties, we estimate TTNC’s uranium resource potential at approximately
20 million lbs. At recent $75 per pound market prices, a 20 million lbs
uranium resource would be valued at approximately $1.5 billion.”
The company also reported yesterday it has expanded its land holdings at
the Firefly Project. Tecton holds an option to acquire 100% interest in
approximately 4,000 acres as 207 unpatented federal mining claims within
the La Sal uranium trend. The claims cover both the Firefly Project and the
Grey Daun Mine holdings. Tecton plans an aggressive exploration program
with the goal of discovering new uranium deposits.
This should also be great news for TTNC! Firefly is located in San Juan
County, Utah, which is approximately 25 air miles southeast of Moab, Utah.
It is situated within the highly prospective La Sal uranium trend lying
between the orthogonally oriented Uravan, Colorado uranium trend to the
east and the Lisbon Valley uranium district to the southwest. According to
the press release, together these three areas comprised the most productive
uranium regions in the United States with the highest grades and thickest
mineable widths. Total production was in excess of 150 million lbs of U3O8,
largely from the 1950’s to the 1980’s.
The Firefly mine was discovered in 1952 as an extension of the Grey Daun
Mine. The press release also stated production records are incomplete;
however, it’s likely the two mines together yielded up to 100,000 lbs of
U3O8 and 500,000 lbs of V2O5 up through the 1970’s. The average grade of
the known production was .41% U3O8 and 1.8% V2O5, a gross value of more
than $600 per ton at today’s prices.
Yesterday after the markets closed the company issued its third press
release announcing that that Dr. Hikmet Akin has joined Tecton’s Advisory
Board. Mr. Hikmet Akin brings to Tecton more than 35 years of experience in
mine development and project evaluation. Mr. Akin has held various
managerial and staff positions with Uranerz (Germany) since 1978, and has
been responsible for performing numerous project evaluations and reserve
estimates for the company.
Prior to the latest press release, the stock closed Monday at Ninety Six
cents a share.
For an in-depth profile of Tecton Corporation, visit
http://www.WallStreetNewsAlert.com/HotStocks/TTNC040708/default.aspx.
Microsoft (
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Exxon Mobil Corporation engages in the exploration, production,
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Market Commentary:
“The Federal Reserve reported Monday that consumer borrowing rose at an
annual rate of 2.4 percent in February, just half of the 4.9 percent
increase in January,” stated Sonja Rudd in Wall Street News Alert’s daily
commentary continued at: http://www.WallStreetNewsAlert.com.
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