I am considering Building a uranium port folio to the value of $20k
I am looking to get in at current prices with a view of holding for the long term.
I think Uranium is real however I beleive a number of stocks will never have there resource mined.
My Uranium Portfolio consists of: I have added in SRZ which is a diversified Exploration company because of I think their exposure to uranium is good, and they dont have the expenses of drilling as TOE is covering the costs.
In total the portfolio is around $20,000.
BMN - 1200 @ $2.50 = $3000
PDM - 15000 @ 16.5 cents = $2500
ERN - 4000 @ 60 cents = $2400
MKY - 20000 @ .07 cents = $1400
SRZ - 5000 @ 30 cents = $1500
SIM - 5000 @ .85 = $4250
CTS - 7200 @ 70 cents = $5040
I know uranium has run hard, but i think its only the beginning really.
Other uranium stocks I considered were WME, WMT, EXT, UTO.
Have I choosen to many stocks? Is 7 stocks too many?