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.”
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