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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Bullboard Posts
Comment by pumpndump1on Apr 06, 2007 2:13am
408 Views
Post# 12560797

RE: just another head-fake

RE: just another head-fakeI imagine we shall be seeing some drill results within the next couple of weeks. Watch for an increase in volume and then see if they continue to try and hold this down. If Turnor comes up empty we'll go beneath $1, but if Turnor results are good we should see a pretty good rally. A lot of eyes are on the Basin at this time and the first junior to hit paydirt will certainly garner some attention. Lots of cash in the till and the drills are still turning. Joint ventures with the biggest uranium companies and a nice portfolio of properties. Most certainly one of the best bets in the basin. Could go either way. My other uranium holding is RSC because how can you not be involved in the biggest uranium find during the biggest uranium bull market ever. Nice thing with RSC is it's not all speculation at this point, there is value to support the SP. Plus they're about to release some results. Yours Truly; PumpnDump P.S. I know no shame. Good luck to all.
Bullboard Posts