Alpha Minerals Inc ESOFD

Spot price and PLS

[infocounts]

From the Comments section accompanying Malcolm Shaw's latest article on Patterson Lake South: (Shaw replying to a question from sc21): 

"The thing that sets Athabasca Basin deposits apart is their scale and their grade. In the case of Patterson Lake, having both the potential for big scale, at high grade, and at shallow depth is a bit of a trifecta. It is interesting to think about the fact that the Cluff Lake mine (~60 million pounds mined at 1% U3O8) located 60km to the north of Patterson Lake, produced over a 20 year period when uranium prices ranged between $5-15 per pound. 

 

"Again, when it comes to something as shallow and high grade as Patterson Lake, it really stands in a class of its own. This is not to take anything away from in-situ (ISR) producers, but they are just different animals. Again, I think the key when looking at the deposits needed to fill the looming uranium supply gap is to forget about spot prices. No corporate or strategic buyer will be using spot prices when evaluating Patterson Lake... it's about securing high quality, large scale resources for the future, and I can't imagine a cheaper hard rock mining situation than something with the grade and depth characteristics of Patterson Lake."

 

Link: https://seekingalpha.com/article/1485021-a-primer-on-uranium-revisited-the-patterson-lake-project-has-come-a-long-way#comment-19748412

[leverage1971]

Info... another interesting "thread" in his line of thinking is his comparisons to other minerals or elements mined.  What we have found most recently in Zone 390 (Hole 66) is comparable to a  Copper deposit drilling 63 m of 13% CU and a Gold deposit offering up 2/3 oz or 19g/t over 63 m To put it in perspective another company I once owned (West Timmins Mining) in 2009 drilled

[infocounts]

Thanks for that insight on this. Maybe we'll get a 'silver' lining within the lining that is already playing big-time with uranium. It seems a good thing that any additional 'bonuses' at PLS are being discounted for the moment, so the only way they can break as time goes on is to the upside. I agree, patience is the keyword.

[bridgetonowhere]

Speaking of gold, anybody hear any news on when those assays will be reported?