September 25 2006 – eResearch analysts, Michael Wood, B.A. (Sc.) (Mining Engineering) and Bob Weir, B.Sc., B.Comm., CFA have written an Initiating Report on Purepoint Uranium Group Inc. (TSX-V: PTU). The report recommends Purepoint as a Speculative Buy with a target price of $0.55.
In the Report, the Analysts state that, “The Athabasca Basin is the world’s largest known uranium-producing area. Purepoint has a large land position in some of the most prospective areas in the Athabasca Basin, totaling about 250,000 hectares.”
The Analysts go on to say, “With uranium prices at all-time highs and, in our opinion, likely to trend higher, the Company is well-positioned at the beginning of a growth phase. (Purepoint has) an active exploration program with the potential to turn its land position into a large uranium resource.”
eResearch is Canada’s primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies they cover.
