RE:RE:Latest interview from Precious Metals Fair Munich!PowerBeast52 wrote: I watched the interview. I'm a little concerned they are now drilling deeper. It seems like Sky Harbour isn't finding the urnaium they expected at the shallow depths. I'm also wondering why they were able to buy Moore Lake 100% from Denison did Denison sell because the property is no good? However Orano is still involved and that's good. But I'm hearing mixed messages from Jordan.
All recent major Athabasca Basin uranium deposits have been found near the basement/sandstone division. They’d be insane not to test it given the success of other companies.
Read further into the Skyharbour’s option to acquire. Denison sold Skyharbour Moore lake, but because of the potential that Moore Lake offered Denison wrote in an option to reaquire 50% of Moore Lake for some exploration money. Denison is also invested in Skyharbour, and David Cates has a seat at Skyharbour’s board. Denison had to get rid of property during the downturn to focus more on their core assets, Skyharbour was just the luck recipient. Denison will only benefit if Moore Lake is a success, and Denison still has skin in the game.