The indisputable facts on why this play is good I've seen some insightful and not-so-insightful commentary on this board. For those who truly care to understand this opportunity, here's a summary of why I think this is so compelling:
1. The radioactive boulder field on the property is very large and carries many very high grade boulders, some of which are over a foot in diameter.
2. Uranium ore is, by its nature, extremely easy to crubmle with little force.
3. In order to get boulders of this size, you MUST be close to the source. Boulders of this size simply won't travel far in front of or under a glacier before turning into sand and gravel sized particles.
4. By mapping the boulders, and knowing the historical ice direction, the program has focued on the "up-ice" region on the path that the boulders had to have come from.
5. The simple QUANTITY of the boulders is also impressive. To accumulate this many boulders of this size, it bodes quite well for the size of the source that they were plucked from.
5. Geophysics and initial drilling have now discovered high grade uranium and significant alteration in the basement up-ice of the boulder field.
6. Additional targets exist as well.
7. The source has not yet been found, which means that the discovery zone may be very close, or that the system is very, very large (or both).
8. A logical go-forward work program would put one drill testing other targets and one drill continuously drilling the discovery zone, potentially drilling that zone off all the way to the source.
9. Money will not be an issue. I can say this because smart money, and I mean smart money, has and will see this for the opportunity that it is.
10. The share count is incredibly low. The proving out of deposit of reasonable size will offer incredible returns to investors as a result, even with assumed reasonable dilution along the way.
11. The CEO, Ben Ainsworth, was the VP of exploration during the discovery and delineation of the Hathor Roughrider deposit, which was ultimately bought for $450 million.
That's it. It's that simple. Management is excellent and of good pedigree and this kind of opportunity is rare. These are the stories that can grow into something significant. I think we're in the early days of something much bigger, but that's up for everyone to decide for themselves.