|
SIGN UP for FREE
Sign up to receive our free Ubika Research Junior Resource Stock Watchlist report
Company Spotlight
Nevada Exploration Inc (TSXV: NGE)
Nevada Exploration Inc. is an exploration company focused on gold in Nevada. NGE is led by an + Read More
|
 |
The Ubika Research Junior Resource stock watchlist (Week of MAy 3, 2010)
Hudson Resources Inc. (Symbol: V.HUD) |
| Company Name: |
Hudson Resources Inc. |
| HQ Location: |
Vancouver, BC |
| Company Website: |
www.hudsonresources.ca |
| Shares Outstanding |
$54.5 Million |
| Closing Price (May 4, 2010) |
$0.78 |
| Market Cap: |
$42.5 Million |
| Average Daily Volume |
136,000 |
|
|
|
Share Highlight / 1-Year Stock Chart
|
|
|
Business Overview
Hudson Resources Inc. (Hudson) is a junior mineral exploration company. The Company is engaged in the business of acquiring, exploring and evaluating resource properties.
It current focus is on exploring for rare earth elements (REE) and diamonds in Greenland. The company is exploring for diamonds and rare earth elements (REEs) on six contiguous exploration licenses which totals approximately 1,300 square kilometres in the Sarfartoq region, near Kangerlussuaq, Greenland. The company owns 100% exploration licenses on all of its properties.
+ More info
What is interesting about Hudson Resources Inc. (V.HUD)?
- Hudson Resources is one of the few junior resource companies with a focus on rare earth metals and has real exploration project to identify specialty metals such as niobium and tantalum.
- The market for rare earth element (REE) metals is fast growing and REE usage is dramatically increasing in high technology applications including hybrid automobiles. China currently dominates REE production and end-users are scrambling to diversify supply. Companies such as Hudson Resources with exposure to rare earth exploration continue to attract strong interest from investors.
- The primary exploration focus for the company is the wholly owned Sarfartoq carbonatite project in west-central Greenland. The property covers one of the largest carbonatite intrusive complexes globally.
- The Sarfartoq project is very well located with tidewater and a proposed hydroelectric plant within 20 kilometres. It boasts great infrastructure and access is by helicopter from a modern international airport with daily flights.
- Another project of interest for the company is Garnet Lake Diamond project. The Garnet Lake kimberlite dyke is similar in configuration to the dyke being mined by De Beers at Snap Lake and is known to host large, high quality diamonds. Dike has significant tonnage potential as determined by seismic and drilling activities.
- An active 5,000 to 10,000 meters drilling program is planned for 2010, which can provide strong investment catalysts for the company.
- An experienced management team with strong knowledge of mining operations is a big plus for the company.
- The company recently raised $5 million in a private placement. A well financed treasury will enable the company to carry its exploration programs without any hindrance through 2010.
Risks
Hudson Resources is an early stage exploration company. The commercialization risks associated with rare earth metals exploration and development are high and its prospects for discovering economically viable REE metals are uncertain. REE prices can fluctuate significantly and a decline in the REE metal prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well capitalized, Hudson Resources may require additional financing. This could result in shareholders’ dilution.
Hudson Resources Inc. News
Ubika Research Disclosure
Copyright
The content on this site may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express written consent of Ubika Research, a division of Ubika Corporation.
Disclaimer
Ubika Corporation is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to any visitor of this report or site or readers of any content on this website. The information on this website is designed to present the findings and opinion of Ubika’s analysts, columnists, speakers or commentators and what they believe to be the factual information.
Where reference is made to estimates of value or relative value of a specific security or ETF or any underlying asset or company, those are based on the information available from the public sources. They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice.
Ubika Corporation (including its Directors, employees and representatives), its analysts, columnists, speakers or commentators or a connected person may have positions in or options on the securities including Exchange Traded Funds (ETFs) mentioned on this site/report and may buy, sell or offer to purchase or sell such securities and ETFs from time to time.
Nothing on this site constitutes an offer or invitation to purchase or acquire any shares in any security or ETF mentioned on the site or any other asset or company or any interest therein, nor shall it form the basis of any contract entered into for the purchase or sale of shares in any ETF or asset or company mentioned on this site. |