Lynas Corporation and Base Resources have both had troubled start-ups involving foreign governments

John Robertson

PortfolioDirect

Lynas Corporation and Base Resources have both had troubled start-ups involving foreign governments. Last week's PortfolioDirect review concluded that the Lynas Corporation risk profile remains relatively high. If Base Resources can reach agreement with the Kenyan government over its export tax regime, it represents a sound value proposition being well on the way to meeting its targeted production levels. The other two stocks reviewed in the past week - Classic Minerals and Enterprise Uranium - are caught up in Fraser Range fever although both were originally listed with other exploration interests in mind. Enterprise Uranium offers the more prospective Fraser Range exposure but there will be questions about its business strategy if it diffuses its uranium exposure by venturing further into base metals.


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John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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