Alpha Minerals Inc ESOFD

Shaw on 'other' new Athabasca players

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Q: Malcolm Shaw was asked in his Comments section (below latest article) about investing in other PLS vicinity companies like NexGen, Aldrin, Forum and Azincourt? A: I've thought about it, but for me there's really very little to say about the 'area players' in terms of 'investibility'. The data is just so limited in the western Athabasca basin that it is truly grass roots exploration. The good news is that most, if not all, of the players you mention are pooling resources in order to get good semi-regional geophysical data acquired which will save everyone time and money. Right now, trendology would have me leaning to towards Nexgen, Purepoint, and Forum, but it is early days for all of them. Uranium exploration is a very difficult business, requiring a lot of patience and a little luck. I'm sure there will be other discoveries out on the western side, but in the meantime, there is simply no project I would rather invest in than Patterson Lake South (AMW/FCU), as the risk of discovery is not a factor any more. Now it's all about size, and with mineralization found already at 3 places along an 800m section of what a appears to be a significant shear zone, I believe that there's more uranium to find yet... potentially a lot more. Time will tell. I'd expect drilling to start within the next two weeks. Link: https://seekingalpha.com/author/malcolm-shaw/comments