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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 ashcakeon Feb 10, 2011 11:52am
369 Views
Post# 18109463

RE: RE: financing....

RE: RE: financing....I didn`t think so...just milestone investments for ownership....

PP at a buck would be nice but I`m thinking this level is more realistic. Either way, this has been a great ride back. I`ve been in it for years since the CPC and QT. I invested in .65 PP years ago. I`ve held all this time and added because of management and their decisions to preserve capital (and I didn`t need the capital loss). I don`t like the cheap .10 options management has but whatever...
It feels like it`s taken an eternity but the next couple of years this baby really could be something of a wonderful
Canadian uranium discovery success story. I plan  to hold for another 18 months and maybe buy more if they do a Flow thru. Hopefully, it`ll just get bought out this time so I don`t have to make any decisions...;-)
Bullboard Posts