As the expert outlook on the price of uranium remains strong, with conservative forecasts expecting $66.17 per pound, I’m keeping an eye on Skyharbour Resources (TSXV: SYH).
SYH, along with its partner company Azincourt Energy (TSXV: AAZ), is currently planning a fully funded fall/winter drill program at the East Preston Project in the Athabasca Basin. The planned program will consist of approximately 6,000 meters of drilling in 20+ diamond drill holes. The priority will be to continue to evaluate the alteration zones and elevated uranium values identified in the winter of 2022.
Right now, the best thing to do IMO is to sit tight and ride this stock out until drills hit the ground later this year. If uranium is able to perform as strongly as experts suggest, we could see some promising price movement before then.
SYH.v is currently trading at $.43, valued at $58.78 million.
https://ceo.ca/@globenewswire/skyharbours-partner-company-azincourt-energy-provides-df840