For Tuesday
May 27th, 2008
THIS JUST IN....
Analyst Reports Market Capitalization Could Approach $90 to 92 million, or $2.00 Per Share
Scottsdale AZ, May 27, 2008 -- (Market Wire) -- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) today wishes to announce that Francis Gaskins of IPODesktop.com has issued an independent third party analyst report on the Company. Based on the report's growth assumptions, Francis Gaskins believes the market capitalization could approach $90 to 92 million, or $2.00 per share. The public is free to review this report at http://www.gaskinsco.com/linkto-bcft.shtml
About Francis Gaskins:
“Francis Gaskins, a seasoned financial analyst, is noted as the Internet's most experienced, analytical web cast producer and interviewer. Often quoted, his scope of influence includes editor (IPOdesktop), Talk Radio, Internet TV, and Video Productions, plus numerous articles and opinions published in the nation's financial media.
As the IPO Desktop editor, Gaskins is one of the leading provider of independent IPO research for professional money managers and individual investors. One of “Forbes Best IPO Sites”, he is widely quoted by the IPO media including the Wall Street Journal, Dow Jones Business News, Dow Jones Newswires, Reuters, USA Today, TheStreet.com, CBS MarketWatch. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others.
IPO Hardball!, the weekly podcast, is hosted by Gaskins at Streetiq.com. Gaskins himself often appears as a guest IPO commentator for CNBC and Bloomberg Television. On the internet, Gaskins is Co-host for the weekly IPO Hardball! Internet radio show, also broadcast from CBS Marketwatch. Mr. Gaskins holds a Harvard University Master of Business Administration (Finance) and from Princton, a degree in Economics. He has extensive experience in sales, marketing, pre-IPO financial analysis and valuations, fund raising, forecasting and budgeting, strategic modeling, general ledger and preparation of financial statements and market research.”
ABOUT BANCROFT URANIUM INC. (OTC BB:BCFT.OB - News)
 Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.
Recent unprecedented rises in the price of Uranium have been over $90 per pound recently with extraordinary fluctuations exceeding $135/lb. These prices reflect a 1000% increase over the past 7 years - with most of these gains occurring within the past 2 years.
In response, Bancroft Uranium has moved to quickly develop a portfolio of Uranium projects that includes the Monmouth Uranium Deposit - an extremely significant project due to the historical work previously performed but not fully developed due to low prices during the original work.
The Company has also begun early stage efforts in the Long Lac area as well as the prolific Elliot Lake Uranium camp.
ECONOMICS
“Source: The Ux Consulting Company, LLC”
Existing global supply does not meet current demand thereby creating significant opportunities for long-term growth.
Currently, 439 active reactors, 34 new power reactors are under construction and 304 plants are on order/planned or proposed.
COMPARATIVE
Example: Energy Comparison
Fuel consumption and waste production comparison
A 1000 megawatt reactor can provide enough electricity for a modern city of up to one million people.
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1000 Mw coal fired power station
- Consumption: 3,000,000 tons of coal per year
- Waste: 7,000,000 tons of waste per year, mostly in the form of carbon CO2 plus 150,000 tons of solids.
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1000 Mw nuclear power station
- Consumption: 25 tons of Uranium each year
- Waste: 1 ton of waste per year.
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PROCESSING
Example: Typical processing cycle for Uranium ore
Source: Cameco Corporation
HEALTH, SAFETY & SOCIO-ENVIRONMENTAL ISSUES
Bancroft Uranium Inc. strives to keep our team, contractors and partners safe, while also safeguarding and improving the physical and social environments we work in. We follow a number of principles designed to continually improve our actions regarding the health, safety, environmental and social aspects involved in our day-to-day business.
- We respect the physical environments we work in by complying with all environmental laws and regulations, by identifying how our activities could impact the environment, and by minimizing this impact through ecologically sensitive exploration, development and production techniques. Further to this end, the Company has engaged the services of Earth Tech Canada (http://www.earthtech.com/) as our environmental consultant in these matters.
- Healthy working conditions are formed by complying with all applicable regulations and laws, managing occupational hazards, and dedicating the financial resources necessary to ensure a healthy workplace.
- We work to develop sustainable, positive relationships with the communities and stakeholders that may be affected by our operations at the local level.
As we grow, we recognize that our future employees will be key to ensuring these principles are followed in day-to-day operations—each employee will have the obligation and opportunity to report and stop any activities that conflict with our safety, health and socio-environmental principles. Employee evaluation will include an assessment and recognition of these principles in action. To maintain the principles' relevance, Bancroft Uranium management will regularly evaluate their effectiveness.
URANIUM FACTS & ARTICLES
Uranium; how it is used, how it is mined and processed. Here are some basic facts:
- Uranium is a common heavy element, found in most rocks and sea water.
- There are many sources of natural radiation, including radiation from the sun, and from sources such as uranium in rocks and water.
- Radiation exposure is reduced to very low levels (well below international exposure guidelines) by minimizing handling time, maximizing distance to radioactive materials, regular hand washing and wearing of protective equipment — including gloves, safety glasses and coveralls.
- Radiation is easily monitored by wearing thermoluminescent dosimeter devices (TLD badges) which measure radiation exposure. These are the same as those badges worn by x-ray technicians in hospitals.
- Typical background radiation — which everyone experiences — is approximately 2 milli sieverts (mSv) per year.
- If you were to take an eight-hour flight from coast-to-coast… at an elevation of 30,000 feet — the dose of radiation would be approximately 0.043 milli sieverts. By comparison, the highest expected public dosage from a high-grade uranium mine is between 0.025 and 0.032 milli sieverts for a four-month period (annually from 0.075 to 0.096 milli sieverts). In other words, living near a high-grade uranium mine, for one year, is comparable to taking one round trip flight from New York to Los Angeles.
- Uranium’s primary commercial use is to provide fuel for nuclear power reactors, which generate electricity.
- One ton of natural uranium can produce more than 40 million kilowatt-hours of electricity. This is equivalent to burning 16,000 tons of coal or 80,000 barrels of oil.
- When processed into fuel for nuclear reactors, uranium produces significant quantities of safe energy, economically and with zero greenhouse gas emissions.
- Nuclear energy has the lowest impact on the environment of any major energy source.
- 17% of world electricity is generated from uranium in nuclear reactors.
Company Essentials:
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$0.85 Volume: 79,317 |
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DISCLAIMER:
This profile is not without bias, and is a paid release. IWSR has been compensated for dissemination of company information on behalf of a third party. (IWSR has been compensated 10k by a third party Equity Alliance International for the coverage of Bancroft Uranium Inc. (OTC BB:BCFT.OB). IWSR may receive shares for extension of its services. Any shares will be disclosed at such time that IWSR is aware of a clients desire to extend the original services. IWSR may have received shares of a company profiled in this release prior to the dissemination of the information in this release. IWSR may immediately sell some or any shares in a profiled company held by IWSR and may have previously sold shares in a profiled company held by IWSR. IWSR's services for a company may cause the company's stock price to increase, in which event IWSR would make a profit when it sells its stock in a company. In addition, IWSR's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and IWSR undertakes no obligation to update such statements. |
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