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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@ocotilloredux@Slmjr I have only taken a brief look at it, not enough to pass judgement. I was not familiar with it until I realized it was the old PNC (Japanese) discovery at Yalowega Lake. Incredible fishing in that lake. We used to fly over their camp coming in for a landing at McArthur River in the mid-90's. I saw the mention of "unconformity style" which means it is likely water bearing so ground freezing is likely required. Basement hosted like Arrow or Eagle Point is much less hassle.
@ocotilloredux@slmjr I like Roger the CEO, we got along well when I worked at Cameco. Yalowega is a restricted lake. They let the natives in there about every 4 years to take out a load by netting below the ice in the winter, mostly whitefish, but the province was so worried about the miners cleaning this lake out we had to gate it off around 1997. They would not even allow us to fix up the road until we took Roy Romanow, the Premier at the time, into the lodge there about 1995. We got a mysterious fax the next week, can't recall from who, the local Conservation Officer I think, stating we had permission to upgrade the road. Roy was always in our back pocket since the province was our largest shareholder at the time but had to appear impartial.
@ocotilloredux@slmjr Romanow snored so badly he kept Alan Blakeney and the rest of us up that weekend. We put another six rooms on the lodge with good sound insulation the next summer. The lodge ended up making Cameco a lot of money since we used to fly customers in from all over the world and they would come in private jets, even from Japan, and sign major contracts after a day of fishing and 18 year old single malt scotch. We had the best chef in the province cooking dinner. I was the mine super at the time and I always got a laugh when at the morning production meeting with the crews I would ask for three fishing guides for the weekend. The hands would shoot up, but I was always blind to my best raisebore operators.
wannabeinvestor@SLMJr, this note on stockpiles held by Japanese utilities is not entirely accurate. The utilities are sitting on a large inventory of EUP which is highly sellable. Beware of sell-side analyst generally.
@FundamentalAnalysis@Slmjr Good article and precisely the issue with speculating in a lot of the canadian explorers where their intrinsic values over the long term are near ZERO. Demand only increases by 2-3% a year (5-6million lbs) - Goviex, Husab mine, Kazakhstan, Russia and Now mongolia etc etc can easily fill that gap in the future especially at slightly higher prices (these countries have MASSIVE FX ADVANTAGES)....supply is just a question of time lag. There is so much uranium around, that some of these frontier/developing countries can probably discover, permit, finance and construct a uranium mine faster then some countries take to just permit the thing ......there will be a lot of forever zero revenue exploration projects in places like canada unless they can speed up the permitting process unless places like America do a U-Turn and focus on importing locally and not across the seas. #mbgtrends#newbies
@Excelsior@Slmjr - $KRI Khan Resources was the preeminent Mongolian #Uranium explorer & developer in the last cycle. They put out an impressive Feasibility Study, but in 2009-2010 the Mongolian government decided to try and nationalize their assets and wanted 51% of the deposit, and eventually would not renew their licenses. It sat dead in the water and stalled until 2015 where they won a judgement from the Mongolian government, and it is now over $100 million they are due (but of course, they're still waiting on the check.....)
*That didn't set too nice of a precedent for Uranium mining in #Mongolia, but they have deposits that the government will monetize.
@FundamentalAnalysis - Great points about alternative #Uranium feed from Kazakhstan, Mongolia, Africa, Australia, Russia, and many nations to feed the energy demands in India, China, and other parts of Asia. There is more to Uranium mining than just Canada for sure, and while they may not have the high grade of the Athabasca Basin, they have easier permitting, cheap labor, less underground water issues, and better currency exchanges in many cases. #mbgtrends
@Excelsior@Slmjr - thanks for that article. It's about damn time they reviewed how the US government has been dumping extra #Nuclear fuel into the spot markets and the effects it has had on #Uranium miners. It mentions that they didn't think it would have an adverse effect on pricing or the miners and that they plan to continue this until 2020. #GimmeABreak#BureaucratsAreClueless