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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.
@Excelsior@Goldfinger - there may be a billion pounds of #Uranium in the #AthabascaBasin, $CCJ$DNN$NXE$FCU$UEX$CVV$AL but not all of it will be as "economically viable" as some believe due to the depth, water issues, permitting timelines, environmental push-back. Some of that Athabasca Uranium is actually underwater making accessing the ore more challenging, or directing miners to underground where they lose much of those ounces. This is one of the key advantages $NXE has over many of it's neighbors for example.
Higher grade is awesome, but it isn't always the most economical. There are plenty of commodities where lower grade resources end up being more economical due to power, roads, water, jurisdiction, taxes, permitting, distance to mill, etc... The other thing about much of the exploration being done in the Athabasca is that much of it is years away from all the permits and development needed to bring it to market.
Many of the existing producers or development stage companies in the #US ( $UUUU$URG$UEC$URRE$PENMF$WSTRF) and #Australia ( $EGRAF$BKLRF$TOEYF$BNNLF$BOE.AX ) are positioned to capitalize on prices as they rise in 2017-2020. The US is the #1 nuclear country and imports 90% of its fuel. (just imagine if the US imported 90% of it's Oil) The US producers that supply this need will have a big advantage for negotiations in this next cycle, as will the African deposits that may supply the reactors being built in #Africa, the #MiddleEast, and #Europe . #Index
@MiningBookGuy@Excelsior - great share! There are some names I need to look closer at, like $BOE.AX ...i wish that one was cheaper, because $TGZ is earning-into their #BurkinaFaso#gold properties (including #GoldenHill). I remember looking a while ago and thinking too much money was tied up into the #uranium project you mentioned. It's worth another look. $DYL.AX (with #Namibia ) another one I just can't quite pull the trigger on, but still pretty interested in.
Anyway, always appreciate your posts in ~AUfrica, and it would have been fine if you posted directly to the panel...but the way you did it works well too! #Africa a good tag as well :)